Jun
19
2009

CNBC's Jim Cramer Still on Air–Still Wrong

Amanda Terkel of Think Progress (6/18/09) has posted video and transcript of an MSNBC segment in which Joe Scarborough asked CNBC's Jim Cramer about "a stunning poll the New York Times has this morning suggesting that Americans are more concerned about deficits than stimulus":

Cramer claimed that Americans aren't buying into healthcare reform right now because "it just means tax increases, and there's got to be someone who pays for it." According to Cramer, the solution that "everybody" wants is for Obama to "go away": "But until we get the economy moving again, I think everybody wishes that Obama would just kind of go away for a little bit."

If Cramer looked closer at the poll, it also shows that 57 percent of the American public approve of what Obama is doing on the economy overall. Of course, Cramer is someone who claimed that Obama's policies have resulted in 'the most, greatest wealth destruction I've seen by a presidentâ┚¬Ã‚ and is known for his irresponsible financial cheerleading (e.g., 'Bear Stearns is not in trouble').

Terkel has to wonder if, in actuality, "maybe it's not Obama who Americans want to 'just kind of go away for a little bit.'â┚¬Ã‚