He just uttered these very words on the little network that couldn't. Saying that it's Obama who's causing markets to tank, as opposed to, ummmmmm, geeee, lemmme think here.....fundamentals? Fundamentals like collapsing global trade, collapsing consumer confidence, collapsing corporate profits, a collapsing EU, collapsing employment, collapsing home values, etc etc ad nauseum...
The man has no shame, or credibility. He does have a schtick, which has worn terribly thin, as the schtick morphs into an ongoing study on the onset of real derangement and madness. Here Obama's been in office for all of 5 weeks, and Cramer, looking to hide under any possible rock he can find in light of his longtime and ongoing incredibly bad calls, has now in utter desperation decided that all of the market problems began on 1/20/09.
See previous post - this dude is getting closer and closer all the time to taking the place of enemy #1 on the list of fools who would delude you. It will take a Herculean effort on his part to unseat the likes of Luskin and Kudlow, but he's gamely making it...
That the likes of Cramer have any sort of platform from which to spout nonsense is another example, and a sad and dangerous one at that, of the decline and fall of American 'journalism'. See Brad DeLong, and his ongoing 'why oh why can we not have a better media' dirges for more in this vein. GE should be ashamed at itself for the entire operation that is CNBC. Immelt lives in my hometown, and I'm heading over now to throw snowballs at his house....
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