Cramer on Obama: 'It's Amateur Hour at Our Darkest Moment'

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It was news media conventional wisdom during the 2008 presidential campaign: the worse the economy, the better it was for Democrat candidate prospects. But now that they have the legislative and executive branches and the burden of actually governing, that advantage is slowly being chipped away.

CNBC "Mad Money" host Jim Cramer, who first starting connecting that perhaps a Democrat-controlled federal government might not be the best thing for the United States earlier this year, gave something of a downbeat rant on Feb. 2 about Obama's handling of the economy so far.

"Until the Obama administration starts listening, until they start paying attention to what you're watching - to the stock market, until they realize that their agenda is destroying the life savings of millions of Americans - then all I can give you is caution," Cramer said on his March 2 broadcast.

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Since Obama took office on Jan. 20, the Dow Jones Industrial Average (DJIA) has lost over 1,000 points, including a nearly 400-point drop on Feb. 10 after a disappointing speech by Obama's Treasury Secretary Timothy Geithner on sorting out troubled assets. Cramer pleaded with the administration to take note of the possibility it might have something to do with that.

"I'm not asking for the Feds to give us a plunge protection team, to stop declines - as we always thought to be the case under Greenspan," he continued. "I'm not saying, ‘Mr. President, stare at the Bloomberg quote machine and come to your senses. I just want some sign that Obama realizes the market is totally falling apart and his agenda has a big hand in that happening."

Cramer was highly critical of the Obama administration for not catching on thus far. He questioned the merits of their abilities to contain the market turmoil and wondered if they were even bothered by it.

"I thought the prices, the screen, the action, the sense of a vortex down that cannot be stopped, of equities becoming worthless, of savings becoming tattered, of a stock market without bottom," Cramer said. "But this time in slow motion, I felt the total lack of control that we all feel right now - the ‘it's out of my hands,' the ‘where's the authority,' the, ‘Hey, it's amateur hour at our darkest moment.' It's the feeling of capitalism vanishing, businesses capsizing under their own weight - thanks to an administration that doesn't seem to know or maybe doesn't care."

The "Mad Money" host observed that the "change" mantra that Obama campaigned on was actually coming to fruition, but he said it was coming to the detriment of the American economy.

"Hey - I get it," Cramer said. "Young president, big landslide, vigorous agenda, Congress that smells Republican blood - might find changing the world simply irresistible. We all want to change the world. I know I'd like to change the world, but when you talk about wealth destruction, don't you know that you can count me out?"

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"Amateur hour"...We will

"Amateur hour"...We will look back at this period of our history and wonder, what in the hell was this country thinking. We have elected the junior senator from Illinois, a community organizer, POTUS...God Bless the USA.

Or as I've been reading

Or as I've been reading lately:

One Big A$$ Mistake America

A person may be won over with logic and reason but the masses must be bought with spectacle and platitudes. - 2008 Elections

What were poeople thinking?

Liberal baby boomers who grew up with the civil rights era saw a fairy tale final chapter with the election of arack Obama and never looked past the color of his skin to see who he was and what he was. Unfortunately, fairy tales are just that.

so can we talk impeachment

so can we talk impeachment now? before the dow hits zero?

elected for the color of his skin - instead of the content of his character

fighting the end of slavery, founding the kkk, resisting civil rights....and the now latest screwing of political-plantation blacks - electing an empty suit as the first black potus - completely opposite of MLK's noble dream...

the glory was just too much for the boomers to resist - story of their pathetic self-centered lives

Impeachment

Only for 'high crimes and misdemeanors' poster. The founding fathers did not foresee the need to remove a President for rank incompetence. He's there for four years and there's not much we can do about it. Looking at the numbers, in 2010 our best shot is to take back the House and block his agenda that way. That's why he's moving at breakneck speed, he knows the clock is ticking.

Violations of Oath of Office

Keep waiting for an adult in the room to say. "OKay, Barry, we've seen enough. Here, give me the reins, obviously you do not know s**t from shoe polish". He has violated his oath of office but so did his hero, Abraham Lincoln. Lincoln put his critics in prison. He had approx. 13000 political prisoners incarcerated and labeled as dissenters. You won't read that in any history books. It may take some organization to take him on because I do not see the GOP doing squat. A bunch of old hens fretting over their jobs and perks. Some of those GOP a** holes were lining up to get his autograph and hug at his address to Congress.

Was JUST thinking the same thing!

At some point people sort of wake up and shake this off--like shaking an Etch-A-Sketch clean, right? This is nuts, all this. I started a site on coping-- http://hopeycopey.bl.... I say we just cry once a day, get it done, then do things for ourselves and our families--anything we can think of.

Star

Sounds like you listened to your folks more than they thought you did. Like your site.

You know what I keep thinking about?

     All those arrogant liberals who chastized Palin for being too inexperienced to be VP every time I see a story about how Obama is finding another way to destroy our economy or sell our nation's security so he can be likeable to the other despots of the world. 

"Not to be a republican at twenty is proof of want of heart; to be one at thirty is proof of want of head." - Francois Guisot

THE GONG SHOW...

Where is Chuck Barris when we really need him?

The idea of amateur hour is something I thought about a long time ago. When people started openly saying we were having an "American Idol" type presidential campaign, I thought, "...no kidding". Then I thought about "The Gong Show", & how long would this act go without being gonged?

If you are old enough to remember "The Gong Show", you ARE old.

 

 

 "The Fairness Doctrine = Jim Crow laws for Conservatives".  Jim Quinn from "Quinn & Rose"

danybhoy

Thanks for the Quin and Rose quote. I can't get them in the morning anymore. The Pittsburgh Pa. station that I could hear them on, was bought by a Lib that put "Local Programming" on during the morning drive.

NORTH COASTER...

Quinn & Rose are on WPGB FM 104.7. I have heard Quinn mention that their old station was bought out by a lib, put on "local programming" (would'nt Quinn & Rose BE local programming in Western PA?)& their ratings have tanked.

I'm in Minnesota, we do have a local AM station that carries them, but it is the western metro here in the TwinCities, but I live in the southwest metro. That station doen'nt come in well at all, & it's worse at that hour of the day. I have had XM from their begining, & I found Quinn & Rose during a Wisconsin roadtrip & never stopped listening.

"The Fairness Doctrine = Jim Crow laws for Conservatives".  Jim Quinn from "Quinn & Rose"

Obama doesn't want

Obama doesn't want capitalists who oppose him to have any resources to use against him.  He'll pay off the capitalists he's OK with and they'll pay him off with campaign contributions from the taxpayer money he has given them.  It's a new style of patronage developed in Chicago:  see the Ryan Lizza profile of Obama in last year's New Yorker (around page 7).  It is all laid out there.  Tony Rezko is in jail for being an enthusiastic practioner.  Strangly, none of the politicians, without whose cooperation Rezko could not have operated, have had to worry about jail.    http://www.newyorker...

Well this is what you get

Well this is what you get when the professional poor, corrupt unions, leftists and other make up the majority of the voters

remember

He who robs Peter to pay Paul can always count on the support of Paul!

Main Street and Wall Street

The only person who isn't changing is Obama himself.

His rhetoric casts "ordinary" Americans (Main Street) on one side, and then Wall Street on the other. But ordinary Americans don't have any savings. You know why? Because they put them into the stock market. But the Obama rhetoric keeps pointing fingers as if the market was a corral of greedy villains. The rhetoric doesn't match reality. Main Street and Wall Street are the same thing.

Cramer is certainly correct - it's Amateur Hour.

I'm SOOOOO Tired

These dumb idiots...

WHO owns most of the stock in America? Retirees. Old women. Pensioneers.

What taxes do corporatins pay? NONE. They just raise their prices and get it from the poor, the retireers, the old women. The pensioneers. You and ME.

I'm now for TERM LIMITS. We need to vote these inbred jeds out of Washington.All parties are corrupt. They all need to go.

And what about jobs

"Main Street" gets its jobs from people who invest - whether it is small businesses or into the stock market to capitalize larger corporations.

Obama's rhetoric is classic socialism buy creating class warfare and positioning the government as the only savior.

Most Corporations

between 30 and 40 per cent in taxes on profits. That is why there has always been a stink about taxing common dividends as taxing profits twice. Yes they do have deductible expenses and other things available to them to lessen their tax liability just like you do. 

"Somehow, I told you so, just doesn't quite say it." Will Smith in 'I, Robot.'

KC

It sure seems like the inmates are running the asylum. It reminds me of getting into the pantry as a kid and finding all the stuff that you were restricted from. There was no thought for anything other than immediate gratification. I think the folks in charge intend to drive the economy to the ground so that we have no choice but to depend on the government.

Just saying.

How else do you explain all of the pronouncements and programs that drive the Stock Market down? Why would anyone who wanted the economy to improve put taxes and plans in place that are disincentives to investmant?

Denial

Obama's "markets go up and down, like polls" comment today truly frightened me. He doesn't undestand what the people are telling him. He doesn't know. He's in denial. 

He thinks there are just bumps in the road, and this is one of them, and when they write the Obama Fairtytale they'll forget all this. Which means ... my God ... he actually believes his own hype.

Back here in real life, he's a leader whose followers don't want to go where he's pointing. He's in denial.

Awesome article and way to

Awesome article and way to go!

 

One small thing that people still can't grasp - herr obama did not have a "landslide" except the one that is currently going on in opposition to his policies.

 

obama's notion of bi-partisanship is telling conservatives to shut up and do what he wants.

Cramer nails Obama's

Cramer nails Obama's on-the-job training training in economics, as does Jonah Goldberg in his column today.

Obama will go down as the most unprepared, leftist, incompetent, dangerous  president in our history. No doubt in my mind. We need to watch him closely, ever on the alert for his dumb moves.

Here's Goldberg's column.

http://www.usatoday....

 

Mickey Mouse is one
of "Satan's soldiers" and must die, says Saudi Arabian cleric Sheikh
Muhammad Munajid.  - Daily Telegraph (UK), 9/15/08

The mask is slipping.

This is what happens when you try to put a Hopey-Changey face on a Marxist.

So Jim Cramer is now having

So Jim Cramer is now having his "epiphany" about Obama?...Hey, Toots, this is the guy you voted for....you were singing his praises like every other yahoo over at NBC, including Joe, the Phoney, Scarborough. 

All of these people need to be placed on the hot seat over and over again.  That will do more for conservatives than all the CPAC conferences.

Cramer

Is not a liberal. He is a free market type. He called his professors at college socialist dopes. I don't think he would vote for Obama but I could be wrong

"Somehow, I told you so, just doesn't quite say it." Will Smith in 'I, Robot.'

Cramer is a lib Democrat and

Cramer is a lib Democrat and a college buddy of Eliot 'Diamond Escort' Spitzer.

He's as liberal as they

He's as liberal as they come! He may not be into the whole bail out thing, but he has said he voted for Obama...

Not an amateur

Obama may be an amateur when it comes to comes to running a government (or anything for that matter).

But he is not an amateur when it comes to socialism.

That has been his life.

GAT NEW YORK...

You are right, Obama is not an amature when it comes to Socialism. He understands it because he grew up around Socialists & sought them out at every turn.

But there is an element missing, as Rush pointed out, Obama is a student of Saul Alinsky. The politics of Alinsky is that of an outsider & the need to be an agitator by a conducting insurgency was a way of life for the "COMMUNITY ORGANIZER". Obama is in uncharted waters when it comes to Alinsky's teachings in America, & that leaves Obama with a couple of options...

Try to use Alinsky's teachings as his guide to how he leads his time in The White House...Or use the tried & true methods of the likes of Chavez in Venezuala, & all the while trying to play it as doing what he's doing for the greater good of the nation. It will be about "fairness & justice", & we will get neither.

 It will be interesting to see how Obama will do this, & more importantly, will the MSM figure it out?

 

"The Fairness Doctrine = Jim Crow laws for Conservatives".  Jim Quinn from "Quinn & Rose"

We Were Warned

Over and over, Americans were warned about electing an inexperienced, immature manchild and Chicago political thug as POTUS. He's been in office for a short time and look what he's already done to us. The immature among us, the media, the uneducated, the emotional, irrational "liberals", the guilt-ridden whites, the naive ones such as John McCain, and those who literally wished ill for America formed a dangerous coalition which has brought us to the brink of toal disaster in just six weeks. Oh, they're going to "change " America alright. They already have. And this is just the beginning. God help us and our children.

NEVER,NEVER trust a "liberal"

Someone on telvision said,

Someone on telvision said, before the election (it must have been on Fox News), that the only qualification Obama had to be president was the ability to look and act "presidential".  I think we're seeing the truth of this played out now...

The "Mainstream" Media: By liberals. For liberals.

OHH Chris, Something like this:

This is what happens when you don't research

The MSM and almost everybody associated with the campaigns (both Obama's and McCain's) tried to prevent any reserch on Obama from happening or seeing the light of day. This is what happens when you buy something without knowing what it is. You generally get screwed.

They were so enamoured of the thought of the first black President (Bill Clinton not withstanding) that they never bothered to find out, or actively prevented people from discovering, what it is he stood for and what he wanted to do. The marketing term "Change" was good enough. Oh, change from the present was what everybody was told they wanted.

Well we got that change. We are changing from a capitalist based economy where everyone has an equal chance to succeed to a socialist based economy where everyone will be forced to have equal results. From a liberty based philosophy where each is responsible for themselves and allowed to pursue their dreams as long as it doesn't adversely affect another to a Big Brother based philosophy where the all powerful Government decides what people can and can't do and try for "their own good".

All this without an amendment to the Constitution or even any challenges because few in Government believe it is relevant anymore and even fewer of the citizens are even aquainted with it's tennets and principles thanks to the decades of government education.

The TARP bill was and is UNCONSTITUTIONAL

The stimulus bill was 90% UNCONSTITUTIONAL

the new TARP 2 bill is UNCONSTITUTIONAL

When are people going to wake up and start realizing that if we don't act soon, there will be nothing left to save. That this great experiment of a government of the people, and by the people and for the people will have perished from the land. Not due to an invasion, or being conquered, or through any military action whatso ever. No, this great nation will have perished from apathy and ignorance and neglect of her citizens.

Hey, I got the wrong "CHANGE"!

www.loyaltoliberty.com

Right

c5then:

You are so right when you say we "will have perished from apathy and ignorance and neglect...". Add greed and selfishness. When Lincoln said that government of the people, by the people, and for the people will not perish from the earth, he did so thinking Americans would be willing to fight for this great nation which was conceived in liberty. In the last election, millions of ignorant Americans gave up the ghost and capitulated to evil. Now, how quickly we are falling into the abyss. Unfortunately, this is just the beginning. More remorse and regret are waiting just around the corner. God help us.

NEVER,NEVER trust a "liberal"

Amateur Hour

I don't think we can even call it Amateur Hour.

Amateur Hour implies that a person really wants to win, but they may not quite have the talent/experience to win.

I think Obama specifically does not want to win.  He wants to destroy and rebuild.

How long before...

"I think Obama specifically does not want to win.  He wants to destroy and rebuild."

How long before the American flag is "re-vamped" and a hammer and sickle is superimposed upon it, with the visage of the One behind it?  How long before His image is posted on fences and billboards and on regularly scheduled "state of the union" addresses that will pre-empt all TV programming during prime-time?  I wonder if he's going to change it from "Hail to the Chief" to "On Your Knees, Bitc*es"? 

 

Long live the Republic!  Conservatives unite!

Glen Beck

is way ahead of you.

http://www.youtube.com/watch?v=l46t_nrySg4

"Not to be a republican at twenty is proof of want of heart; to be one at thirty is proof of want of head." - Francois Guisot

mizflame98...

Holy crap!  I had never seen that before, it was so frighteningly funny, yet frighteningly true at the same time!  Thanks for the heads-up.  (I need to get out more often...)

 

Long live the Republic!  Conservatives unite!

Wicked.

You have to check out some of the other Beck clips. He explains the path to socialism beautifully.

"Not to be a republican at twenty is proof of want of heart; to be one at thirty is proof of want of head." - Francois Guisot

DJIA was 13000 in June

DJIA was 13000 in June 2008.  What happened in June?  President Obama eliminated Hillary as even a mathematical possibility in the primaries and became the Democratic nominee.  Since then the DOW has been cut in half, with no bottom in sight.  When are the rich libs going to quit hoarding and pump their money into the markets to reap the windfall of Obamanomics?  Soros and Gore have probably gone short and President Obama and Geithner are taking their marching orders there.  Can you go short on a stock of a company that ceases to exist? 

"An appeaser is one who feeds a crocodile, hoping it will eat him last."  - Sir Winston Churchill

How soon before...

...Obama sends Gibbs out to target and attack Cramer?

I bet David Axelfraud is on the phone with CNBC right now.

It's more like "The Gong Show"

Actually, Ears' Presidency has so far resembled "The Gong Show", even with its own Unknown Comic (Joe Biden). 

It's more like "The Gong Show"

Actually, Ears' Presidency has so far resembled "The Gong Show", even with its own Unknown Comic (Joe Biden). 

I agree...

     I found some rare footage of the daily WH briefings.

"Not to be a republican at twenty is proof of want of heart; to be one at thirty is proof of want of head." - Francois Guisot

Ooops!

I double posted again - sorry, gang. 

make no mistake about it, he has a plan and he is sticking to it

 however it is  quite evident that bho is not the author !

?

Why is this story not on Drudge?  Figured it would get top billing.

Preach it, Mr. Cramer!

Long live the Republic!  Conservatives unite!

While he indeed said what

While he indeed said what you have in your article, he also said he agreed with many of the policies of bambi, the first stupid liberal, but that implementation would have to come after the markets had stabilize. 

Cramer used to be part of the Kudlow and Cramer show.  When they were together it was more than apparent the two men's politics.  In fact, that is the reason, in part, that the two parted company.  Kudlow is a conservative free marketer and Cramer, while having made piles of money in free, up to now, market economy, would rather see it go socialist, but AFTER the markets stabilize!

You can't trust what Jim

You can't trust what Jim Cramer says anyway.  He works for NBC after all, right?  Mainstream media?  Right?

Obammy is a common idiot

Obammy can get away with amateur hour, and on-the-job training because the country has been sold hook, line and sinker on the hooey that he is 'brilliant', the most intelligent President ever, etc. Many voters are like patients in a doctor's office that can't understand the problem, still have faith in the doctor, and thus have to say -'whatever you think doctor, lets' go ahead'.

Obammy's supporters look at the market and the rest of our economy failing and are thinking, -well, he's smarter than everyone so his plan must work, I just don't see it yet or don't understand it. Blind faith.

I see no evidence of The One's brilliance. Any evidence like SATs, LSATs, bar exam results, etc, seem to have gone down a rabbit hole. Why is this off-limits? Reverse racism? Affirmative action politics? We do see that blacks in politics are given ridiculous leeway, like Marion Berry, John Conyers, John Lewis, etc. Does this extend to the highest office in the land?

slickwillie, Obama has spent over $800k to keep us....

...from finding out what many of us have known for a while, and that is he is a true "affirmative action" president.

Which means that neither competence nor results matter, only his skin color.

-Dave

Our clueless political leaders are about to drive us all over a cliff. The time to HITM is now-before we go over.

Doesn't matter who gets hurt how much, Jim...

...Obama won't stop till the government owns the economy -- or whatever is left of it.

A lot of good quotes,


A lot of good quotes, including the Beatles "Revolution" comment, but I think I will choose the following tagline for a while:

"Hey, it's amateur hour at our darkest moment." - Cramer

Jeff,   If you can get

Jeff,

 

If you can get a transcript of today's joint press appearence Obama basically blew off the market as just something that bobs up and down.

"fits and starts"

breitbart had the article.

It's 3:00pm Tuesday. Time

It's 3:00pm Tuesday. Time to watch the Dow fall from +70 to ?????

___________________________________ 

The challenge is to follow a consistent plan despite inconsistent prices - Sarah Palin, State of the State of Alaska speech

'It's Amateur Hour at Our Darkest Moment'

How long before the Al Sharptons start whining about this being a racist comment?

Change and the market

Obama sold everyone with his idea of "change".  But what has he done since he has been in office besides spend money?  The Obama administration did not catch on to the severity of what was happening with our market, but they have already managed to spend an obscene amount of money to "fix it".  What has all this spending helped? It helped the market close under 7000

Wealth destruction

Wealth destruction appears to be intentional. The Obama team includes Rahm Emmanuel who stated that, "you should never let a good crisis go to waste". How else do you explain the last year of declining Market Capitalization? Look at the leading talkers of doom and it leads you right to the Dems in Congress and the Obama administration. If they aren't careful the World's markets will crash and burn and they will be fully responsible for driving values down and creating the next Depression out of whole cloth.

Cramer is more of the same ole, same ole. Second thought kid.

You voted for him comrade. Don't bitch now.

Give Obama a BIG towel

He's still wet behind the ears.