On Verge of Tea Party Inspired Election Wave, CNBC’s Cramer Says Tea Party a 'Negative Influence' for Business
Assuming you’re a free-market oriented individual and you’re tuning into CNBC’s “Your Money, Your Vote” election coverage, this is probably not what you expected to hear.
Anchor Carl Quintanilla asked CNBC “Mad Money” host Jim Cramer about the Tea Party movement, which by many measures is what has propelled a hugged Republican wave on election night.
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“Leader, I want to bring in the notion of the Tea Party, which Larry [Kudlow] and us have talked about tonight,” Quintanilla said. “And Jim, it's been written that business as an entity does not really know where the Tea Party stands on a lot of business issues. Is the business community going to like their influence if it's large, or not?”
According to Cramer, it’s it is a negative influence on business, in that they’re not trustworthy.
“I think the Tea Party itself is negative influence for business, in that they don't trust them and business is about trusting,” Cramer said. “You don't want to take money out of your wallet until you trust what the landscape is.”
So according to Cramer – fiscal responsibility, restraint with regulation and lower taxes are “negative influences?” Apparently so, but he told CNBC viewers it didn’t matter because he predicted job will be created.
“But I will say this, Carl, I am very optimistic about one thing we are not talking about tonight,” Cramer said. “I think once this election's out of the way, we are going to get job creation. I don't care who wins, we're going to get job creation. That's the thing that's going to change things. Maybe Obama will look good in another four or five weeks. I think it’s going to surprise you. We get this election out of the way, people are going to start spending, people are going to start hiring. It's good news that this election will be done.”
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Comments
“and business is about
Submitted by Reaver on Tue, 11/02/2010 - 8:35pm.
“and business is about trusting,”
How quaint Jim, do you also believe that business people don’t bother with contracts and just shake hands on a deal? The days of a persons word being their bond are behind us, if business people trusted each other they wouldn’t need lawyers.
Cramer no fan of free markets
Submitted by JakeMo on Tue, 11/02/2010 - 8:35pm.
This is what I would expect from Cramer.
Cramer doesn't like "free-markets." He likes "fixed markets." He only likes corporations that work hand-in-hand with the government. In his mind, regulations are best when they guarantee the success of his investments and stymie the success of competitors.
If it doesn't matter who wins the elections, then why is
Submitted by lsudolemite on Tue, 11/02/2010 - 8:47pm.
everyone waiting to hire until after the elections are over? If the Dems were to maintain control of Congress, then why wait for this massive wave of employment and spending to occur when you know what their policies are? Did Obama magically program the recovery to take place on 11/3/10 with the stimulus or something?
Jeeze
Submitted by hbnolikeee on Tue, 11/02/2010 - 11:52pm.
Exactly whose butt do you have your head up anyway?
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