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Cramer: "Obama should get a lot of credit" for putting economy on road to recovery

October 12, 2009 6:31 pm ET

From the October 12 edition of MSNBC's Hardball:

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Cramer on those who opposed bailouts: "Did they ever read any history about what this country did wrong between 1929 and 1932? ... What these pundits are calling for is exactly what created a multi-year depression. No, I mean -- Bernanke, Obama, Geithner, they got it right." 

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    • Author by Stonerscum (October 12, 2009 6:39 pm ET)
         
      He will. It took a while for Reagan to get credit too. Then when he did he ended up winning in a landslide. As the economy picks up pace he will get the credit and the party of no will regret betting on America to fail!
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    • Author by IRONY 101 (October 12, 2009 6:51 pm ET)
      3  
      I was in another room working when I heard Cramer's remarks this afternoon...and I had to stop what I was doing to go watch the TV to make sure I had heard him corectly. I don't recall all the details but didn't Cramer more or less say that Barack Obama's handling of the economic crisis was total incompetence?
      Report Abuse
      • Author by all your eyes (October 12, 2009 7:40 pm ET)
        2  
        He said that the Obama administration was destroying more wealth than the Bolsheviks or something to that effect... back in February when the market was tanking and he needed to blame someone, before he got humbled by Stewart, and before the execs at NBC put the kibosh on his shenanigans.
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      • Author by juliajayne1 (October 12, 2009 7:59 pm ET)
        2  
        Jim Cramer - Capricious man with loud mouth.

        Fickle, and as unreliable as his pickle. That's what she said ;-)

        Although I agree with him in this particular instance.
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    • Author by blk-in-alabam (October 12, 2009 7:03 pm ET)
      2 1
      The natural gas industry announced today technology has been developed to make USA and Europe energy independent with natural gas,in 2 to 5 years.Natural gas can be converted to any liquid petroleum product.This will contribute to the biggest economic boom USA has ever seen.Cramer giving President Obama credit contributes to the largest sponsor revenue lost conservative(republican)party media has ever seen.When the USA people loss,republican party media thrived.As the USA people grow economically,republican party media shall loose.The republican party consist of nothing but it's media complex.This means the republican party continues to loose
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      • Author by all your eyes (October 12, 2009 7:39 pm ET)
           
        Huh?
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        • Author by fairliberal (October 12, 2009 8:15 pm ET)
            5
          Can we get a translator in here perhaps?
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          • Author by fairliberal (October 12, 2009 8:18 pm ET)
              7
            But watch, later on, he will have a bunch of thumbs up.
            Report Abuse
          • Author by bintx (October 13, 2009 9:44 am ET)
               
            I understood everything said . . . the spelling may be a bit rough, but the intent was very understandable. You have, in the past, exhibited an extreme problem with reading comprehension, so, your inability to understand the post is forgivable and to be expected.
            Report Abuse
      • Author by oscar the grouch (October 12, 2009 8:10 pm ET)
           
        Was it the natural gas industry or a government initiative?
        Report Abuse
        • Author by blk-in-alabam (October 12, 2009 9:51 pm ET)
          1  
          Technology has simply made it much much cheaper to recover gas than oil.Economics of gas business becoming more volume over price.Drop one carbon molecule from natural gas you have hydrogen;Fuel cell economy. We have just gone through one of the largest economic adjustments in history.The USA business investment is moving from swindling people retirement money,and actually getting to work.The USA is at the begining of a growth cycle.This growth cycle will be unusually strong and substained because technology has the power to cap energy prices and mid-east,and russian energy cartels power.This keepe more money in USA.Some of it will pay better wages.Supply side economics made plants shut down.All the people had left was their retirement money.They gave this money to people who gambled with it instead of sustaining business and growth.The game blew up nobody knows where the money went.I will give you a clue.Banks made mortgages to poor b people.They sold the mortgages to the government.This means the banks had zero chance of loss.Where is all the money the government paid out buying mortgages??
          Report Abuse
      • Author by DellDolly (October 12, 2009 11:29 pm ET)
        2 1
        Have you ever heard of spaces after sentence periods and commas? Look into it - it would make what you type much, much, much easier to read.

        Paragraphs are good ideas too.

        Lucid thoughts are even better. You might want to preview what you type to make sure it is understandable.

        What the heck does new natural gas technology have to do with Jim Cramer making sense about Obama's economic successes?

        And it's "lose", not "loose". Loose rhymes with moose, and noose. Lose rhymes with booze.
        Report Abuse
        • Author by juliajayne1 (October 12, 2009 11:53 pm ET)
          2  
          Hey DD, I like you as a poster. But it wasn't really necessary to critique his post that particular way, ideas aside. I don't know that what he wrote doesn't have legitimacy, since I'm not familiar with it. But I'm willing to learn.
          Report Abuse
          • Author by fairliberal (October 13, 2009 1:58 am ET)
              4
            Of course not, criticism is never deserved unless it is a conservative or a Repub. A lib is never wrong about anything. And if a conservative had written anything resembling his post he would have been ridiculed by everyone here, including you.
            Report Abuse
            • Author by juliajayne1 (October 13, 2009 8:05 am ET)
              2  
              Uh DD is a lib, you great eejit. I just criticised her if you hadn't noticed. Not that I see her carping about it.
              Report Abuse
              • Author by fairliberal (October 13, 2009 9:29 am ET)
                  3
                You criticised her for the horrible misdeed of criticising another lib. I forgot about that one instance where you might criticise another lib. You criticised her for her comments about a posting that was incoherent, instead of criticising the incoherent posting itself.
                Report Abuse
                • Author by juliajayne1 (October 13, 2009 9:49 am ET)
                  2  
                  I criticised her for bringing up grammar issues. And I was able to read and comprehend his post, I'm sorry you can't.
                  Report Abuse
            • Author by bintx (October 13, 2009 9:45 am ET)
              2  
              You aren't a conservative, fairliberal, and you are criticized all the time. Wrong is wrong.
              Report Abuse
    • Author by bluestate69 (October 12, 2009 11:15 pm ET)
      1  
      the obama administration needs a task force to get good information out (much like the clinton administration did, to great success). there are good numbers beginning to appear, but the white house is failing to seize on them. we heard more about the bad unemployment figures of september, more than we did about positive growth reports. i fear the white house is letting the republican media define the stimulus as ineffective. the white house needs to get on a message of success, and take a cue from gingrich and luntz, by finding language to help bolster public belief in the stimulus, then prep the white house media team to start using the same language, instead of having the incoherent message they have today.
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    • Author by Boxer1979 (October 13, 2009 10:54 am ET)
      1  
      He was bashing the president hard about the way he was handling the economy. Now he is giving him credit. LOL! This dude is a joke I used to watch his show, but ever since he jumped on the band wagon calling him a faccist and communist I stopped looking at his show. Cramer can cram you know what in his you know what!
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