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I'm pretty sure Jim Cramer is the guy who went on tv to screech that Obama's economic bills were "THE GREATEST DESTRUCTION OF WEALTH IN HISTORY!" immediately before Wall street began it's recovery and jobs began recovering. In other words, he doesn't have a good track record, although it was fun to watch him scream about the Bluth Company on Arrested Development.
We are still above 9% unemployment, a record of only the newly unemployed. The real unemployment for the long term unemployed and the underemployed is much closer to at least 18-21%. So, what job recovery would you be talking about specifically?
Obama's policies in the growth of US debt on his watch have contributed greatly to the destruction of wealth in the USA. Look how much less your dollar is worth since he took office. Look how much higher gold has risen. Look how much more families have to spend on fuel and food due to inflation in the prices of basic consumer needs. Do you think this is just an anomoly?
I'm pretty sure Jim Cramer is the guy who went on tv to screech that Obama's economic bills were "THE GREATEST DESTRUCTION OF WEALTH IN HISTORY!" immediately before Wall street began it's recovery and jobs began recovering. In other words, he doesn't have a good track record, although it was fun to watch him scream about the Bluth Company on Arrested Development.
Investors are evenly split over their overall impression of the president, though 62 percent of those in the U.S. view him negatively. Worldwide, 63 percent of all respondents say his policies are detrimental to the U.S. investment climate. That number increases to 68 percent among U.S. investors, even though the Standard & Poor’s 500 Index has risen more than 43 percent since Obama was inaugurated in January 2009 and corporate profits have rebounded almost to the pre-recession peak reached in 2006.
How much of this is political on the part of these investors? Since many of them are probably republican they may be viewing things through a political lens.
If Obama is really so socialist then why is wallstreet doing so well?
Because the private citizens of this country were forced by Obama "without our consent" to bail out Wallstreet....If I woke up tomorrow and found a couple million in my bank account without earning it, I would be doing good as well, mind you I only went to city college
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