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"I Am Jim Cramer And I Approve Of The President's Message (Because The Market Moved Up By 3 Points)"

Tyler Durden's picture




 

There are women (and men) who will do anything for a price. Then there is Jim Cramer who will go from hating Obama (and the impact of his policies on the market, all the while misinterpreting such impact: i.e. the brilliant "Passage of the healthcare bill means a double dip is coming", and other such pearls), to loving the president, in the span of 40 minutes just so long as the market does not vommit for the duration of a teleprompted address. And the master of momo mediocrity may want to sit down with his "Stop Trading" friend Erin Burnett so two can clarify the official CNBC stance on Obama and his policies: Burnett: "I think the problem is you have the fastest job creation in this recovery than you have in any recession in 25 years... Technically speaking this recovery has not been tepid." Cramer: "I can show you chapter and verse how this is the weakest post-recovery environment since World War II." Sigh. Then again, if it makes for good theater, and the filling of some free ad slots in another Nielsen-rating impaired cable station, so much the better.

Read below for Cramer take on Obama's speech. Or don't - no big loss.

Obama Comes Out Swinging, by Jim Cramer

The market liked the speech. Rather odd when you consider that, to me, the speech may have been a very powerful blow against the Republicans in November. In my opinion, President Obama very effectively painted a picture of the Republicans being in the pocket of the rich. As the speech was going on, it struck me that if the Republicans don't give in on some sort of middle ground on the expiration of the Bush tax breaks, they are not going to take back the Senate and the House.

It's been a long time since I heard the president be this masterful. By linking himself with Bill Clinton -- a man I think a lot of us in the market yearn for -- he gave us some confidence that the moderate Obama could be lurking. The mention of Reagan made me feel that way, too.

Don't get me wrong: I think it is a mistake to raise taxes in this kind of environment. But, again, Obama struck pay dirt by making it clear that the tax breaks didn't do anything for anyone but the rich, and the economy did better in the 1990s when it wasn't on steroids.

I have to admit I was kind of blown away by how forceful Obama was. Given the horrid job creation -- I can show you chapter and verse how this is the weakest post-recovery environment since World War II -- I figured that there would be some defensive nature to what he had to say. None.

Yet there were enough pro-business sentiments, enough seeming, "You give, you will get" points to the private sector, that the speech didn't seem like business was being bashed at all. The only targets were greedy people and Republicans.

 

The speech worked.

People who counted the Democrats and President Obama out in November will not be thinking that way a few weeks from now if this Obama keeps coming out swinging.

The tone-deaf Republicans have woken the sleeping orator ... and for the first time in a long time, it wasn't bad for the market.
Eye-opening. Powerful. And not anti-business. The market says, "We can live with it." Big change, worth noting for certain.

 

 

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Wed, 09/08/2010 - 23:30 | 570980 Id fight Gandhi
Id fight Gandhi's picture

Ugh cramer. His call screeners must be the best money can buy. Never do I ever hear some angry caller bitching how he lost them everything.

Wed, 09/08/2010 - 23:40 | 570995 alien-IQ
alien-IQ's picture

you can probably chalk that little miracle up to the magical 7 second broadcast delay...it has saved many floundering TV careers.

Thu, 09/09/2010 - 00:05 | 571037 Number 156
Number 156's picture

I just found out that Nouriel Roubini will be interviewed on CNBC tomorrow on their 'Closing Bell' segment between 3-5pm EDT.

We may not get an angry caller, but lets see if 'Dr Realist' gets tossed if he is 'rude' enough.

If CNBC doesn't limit him to a 5 second soundbite, I'm sure ZH will cover this.

 

Thu, 09/09/2010 - 03:05 | 571212 liberal sodomy
liberal sodomy's picture

He's going to be on with mawia boddiwomo, former sheepshead bay OTB clerk, current tony danza in drag.

Thu, 09/09/2010 - 08:46 | 571445 orangedrinkandchips
orangedrinkandchips's picture

all the while on TV he'll be singing "HOLD ME CLOSE NOW TONY DANZA..." (tiny dancer- elton john).

Thu, 09/09/2010 - 12:21 | 571987 dark pools of soros
dark pools of soros's picture

why doesn't Tyler call into Mad Money???  Not feeling very BooYahish?

Wed, 09/08/2010 - 23:38 | 570987 Number 156
Number 156's picture

Thanks for Covering CNBC latest stupidity, because I have a hard time watching it.

I really do think that CNBC betrays the level of fear and panic in the upper management of GE. Just watch as they continue to Make Erin into a Cramer clone.

Wed, 09/08/2010 - 23:39 | 570994 Calvin Jones an...
Calvin Jones and the 13th Apostle's picture

How would they turn Burnett into a Cramer clone?  She can't pull off that maniac schtick like he can.  Besides, no one listens to her anyway.  All the guys, and half the women, are thinking of the dirty things they want to do to her.

Wed, 09/08/2010 - 23:48 | 571001 Number 156
Number 156's picture

They're certainly trying. They need to sell more Hopenium and fast, before the HFT bots run out of humans to skim off of.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/shir...

Wed, 09/08/2010 - 23:36 | 570988 Testicular Cancer
Testicular Cancer's picture

Beyond words. Stupefying. Never go full retard Simple Jim. You got a go goo good brain.

Wed, 09/08/2010 - 23:37 | 570991 CashCowEquity
CashCowEquity's picture

lmfao at Jim Crap-mer

Wed, 09/08/2010 - 23:44 | 571004 Augustus
Augustus's picture

Crammer is proof that no drug test is required for employment at CNBC.

"Obama the Orator" has worn out that campaign method.  More people have come to realize that he is simply a community organizer thief.

Wed, 09/08/2010 - 23:49 | 571008 russki standart
russki standart's picture

What a load of BS! Obamas speech will do nothing to stop the Democrats from losing the house. The cake is already baked. Check out www.intrade.com

 

 

Wed, 09/08/2010 - 23:47 | 571009 Hang The Fed
Hang The Fed's picture

The only part of the Jim 'n Erin Dramarama Hour to which I'd pay any attention is Erin's boobs.  Looking for meaningful insight from CNBC is like hunting for an atom of gold in a stack of bullshit.  Actually...even her boobs don't compensate for such idiotic and pandering theater.  LOL, move along, because there really and truly isn't anything worth seeing or hearing here.

Wed, 09/08/2010 - 23:51 | 571018 russki standart
russki standart's picture

Erins boobs are nothing special, ordinary B. But I bet she sucks a mean d#ck.

Thu, 09/09/2010 - 00:10 | 571045 Hephasteus
Hephasteus's picture

Please stop speculating at erin's sexual prowess. It's making me throw up.

Thu, 09/09/2010 - 05:11 | 571284 Conrad Murray
Conrad Murray's picture

Agreed.  She wouldn't be so bad if she didn't always have that, "Hey hey look at me, I can make talk on the picturebox too.  Pay attention to me, PLLLEEEAAASSEE!!!!", air about her.

Thu, 09/09/2010 - 12:23 | 571991 dark pools of soros
dark pools of soros's picture

what are the futures on her BJs??  up? down? either way a buy?

Thu, 09/09/2010 - 08:47 | 571450 orangedrinkandchips
orangedrinkandchips's picture

yeah, but I need fun bags!

she is super cute, I mean so damn cute but wouldnt do much in the sack for me....cute to look at and hug but to bang? get some bags babe!

Wed, 09/08/2010 - 23:47 | 571014 Deflationburger...
Deflationburger with Fleas's picture

the democrats are going to look like the Mets from a few years ago going into this election.  Magic number of 1 for like 4 weeks and they puke on themselves.

Wed, 09/08/2010 - 23:57 | 571025 gdogus erectus
gdogus erectus's picture

Ok, I'm going to break my cherry on this one but how freakin' great is it that this article bashing Cramer sits right next to a "Profit From Cramer" ad from TheStreet.com?  Are they getting their money's worth on this one?

Thu, 09/09/2010 - 00:32 | 571079 citationneeded
citationneeded's picture

You didn't even have to tell us you were new, as only new people comment on the Cramer ad. :)

Thu, 09/09/2010 - 05:12 | 571287 Conrad Murray
Conrad Murray's picture

Be sure to click on and through it a few dozen times so ZH gets some money and Cramer gets to see traffic spiking on days the fine folks here filet him.

Thu, 09/09/2010 - 00:08 | 571040 A Clear thinker
A Clear thinker's picture

"he gave us some confidence that the moderate Obama could be lurking. The mention of Reagan made me feel that way, too..."

Cramer serves a purpose... we need very public idiots, as it helps to clear the fog.

 

Thu, 09/09/2010 - 09:18 | 571514 1100-TACTICAL-12
1100-TACTICAL-12's picture

The Court Jester. CNBC sucks FOX has better looking women, but they suck to....

Thu, 09/09/2010 - 00:09 | 571042 carbonmutant
carbonmutant's picture

 Geez I need to take a shower...

Thu, 09/09/2010 - 00:16 | 571053 Milton Waddams
Milton Waddams's picture

CNBC's only purpose is to divert and obfuscate.

In light of the fact that the actual figures are available to Econ 101 students, that two of the network's personalities hold completely opposite perspectives (not tepid versus weakest environment) is mind-boggling.

All of the actionable information on the network is provided cryptically through body language, changes in intonation and cadence, text-scrolls, etc.

Thu, 09/09/2010 - 00:32 | 571078 palmereldritch
palmereldritch's picture

Jim Cramer is the Glenn Beck of market analysis.

Thu, 09/09/2010 - 00:46 | 571094 Howard_Beale
Howard_Beale's picture

Jim Cramer and Glenn Beck are actually the same person. You never see them together, do you?

Thu, 09/09/2010 - 01:02 | 571108 flacon
flacon's picture

90% of what Glenn Beck says about the Federal Reserve is actually TRUE! No joke! He's been warning people about the Federal Reserve and money inflation etc. Of course perma-FAUX-NEWS-haters don't see this because their vision is clouded. 

 

I don't like or dislike Glenn Beck. He is what he is - a 90% truth teller when it comes to important matters, but a 10% liar and a Mormon!

Thu, 09/09/2010 - 05:27 | 571291 daneskold
daneskold's picture

Harry Reid is a Mormon.

What is your point?

Thu, 09/09/2010 - 00:39 | 571083 Caviar Emptor
Caviar Emptor's picture

Simple political math. Big O sent the boyz a $200 Billion R&D tax cut for Christmas. That was the big payoff.

In return they let Big O make some political hay by pretending not to charge the middle class for the privilege. But debts for the folly always get paid, else we could all just go fishing. Big O knows which side the butter is on.

Thu, 09/09/2010 - 00:59 | 571106 flacon
flacon's picture

What worries me is his BULLISH stance on SILVER today! oH NOOOOO!!!

Thu, 09/09/2010 - 06:22 | 571178 liberal sodomy
liberal sodomy's picture

"The tone-deaf Republicans have woken the sleeping orator"  Who, the guy from kaminsky?  Can someone from chicago tell me what the fuck this asshole is stuttering about?

http://www.youtube.com/watch?v=tX0PSoCTFas

 

Thu, 09/09/2010 - 03:47 | 571267 Professor Moriarty
Professor Moriarty's picture

I love to get a bit of post-sleeping oratory.

Thu, 09/09/2010 - 05:29 | 571294 johngaltfla
johngaltfla's picture

Dear Jim,

Please let us know when it is a good time to sell our WaMu and Bear Stearns Stock you told us to hold.

Sincerely,

The 85 year old widows working at a grocery store to buy food to survive because we listened to you.

Thu, 09/09/2010 - 06:31 | 571312 Mercury
Mercury's picture

I'm sorry, what was the most pro-business part of Obama's speech Jim?

Extending "The Bush tax cuts" may not be popular with everyone and maybe they won't amount to much on the macro level but not extending them is Obama's new plan for economic revival?  How is that supposed to work?

Obama himself said it best in this speech: "If the election is a referendum on: are people satisfied about the economy as it currently is, then we're not going to do well."

Thu, 09/09/2010 - 06:31 | 571313 Moonrajah
Moonrajah's picture

Obama Comes Out Swinging

So what should we call him now? Big Dick Barry?

Thu, 09/09/2010 - 06:45 | 571316 liberal sodomy
liberal sodomy's picture

I prefer parentless commie mulatto.

Thu, 09/09/2010 - 07:09 | 571331 Cincitucky
Cincitucky's picture

I'm in trouble if Cramer's voice is the one I'm hearing versus my own when reading his quotes.

Thu, 09/09/2010 - 07:24 | 571343 trav7777
trav7777's picture

CNBC is a relic of the 20+ year stock ponzi.  It won't be around after a few more of this.

It only exists to pump and go along with the prevailing sentiment, the ponzi bull sentiment.  I mean, the notion that you need to see every stock's price every minute of the trading day...

it's just casino advertising which is popular when all boats are being lifted.

Thu, 09/09/2010 - 07:57 | 571372 thepigman
thepigman's picture

Obama actually made a doozy of an
error yesterday. His tax increase
cuts out the heart of the small business engine. Doctors, dentists,
plumbers, electricians, donut stores,
won't be hiring a soul as they reel
under tax increases and health care
edicts. Stick a fork in the real
economy.

Thu, 09/09/2010 - 08:21 | 571401 newstreet
newstreet's picture

Why do you even bother talking about CNBC?  Yes, they have the tape but otherwise, tout tv is worthless.

Thu, 09/09/2010 - 08:48 | 571452 orangedrinkandchips
orangedrinkandchips's picture

JIM CRAMER IS BI-POLAR. No joke. Seriously. NOW, can you tell the days when he misses his meds?? LOL...

Thu, 09/09/2010 - 09:33 | 571577 LooseLee
LooseLee's picture

Jim Cramer of CNBC; The Ultimate Snake-Oil Salesman! BUY! BUY! BUY!

Thu, 09/09/2010 - 12:05 | 571939 MountainMan
MountainMan's picture

Jim Cramer's show callers must be the biggest stagged event over at CNBC..actors, nothing more...

Thu, 09/09/2010 - 12:56 | 572071 Grand Supercycle
Thu, 09/09/2010 - 16:39 | 572796 pachanguero
pachanguero's picture

Jim is a fellow member of Goldman Sacks gang.  He is bought and paid for by the banksters.

Tue, 09/28/2010 - 03:41 | 609352 Herry12
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