Jim Cramer is obviously a smart guy with a schtick. It’s kind of fun for 2 minutes. Then you have to lower the volume.
I am troubled to say that he is sounding much wiser than our leaders in Washington. I don’t know about you, but I think that means we are now officially in deep do-do. In this clip, Cramer rails against the stimulus because it does not invest in infrastructure at anything even close to the level originally discussed. Yup.
Then he calls for interest rate and principal adjustments for all mortgage payers, not select ones. Yup.
Finally, he gets hot under the collar on Geithner’s lack of a plan. That’s a feeling many of us are getting. It seems we are back to Hank Paulson.