Obama is a Recession. McCain is a Depression

[soleft]

I know Jim Cramer doesn't get a lot of respect in these parts, but in reading the depiction of his interview with Matt Lauer, I liked that he defended Obama against the claims the market was reacting in fear to his presidencey. I also liked this succinct one liner.

"What we need is someone with sophistication," Cramer said. "Whoever has the best economic team will do well. I think Charlie's wrong there. I don't think it's tax. I think we're trying to keep a great depression off the table. Either guy is stuck with that. I don't think any tax program is going to change it."

"I don't think anything had to do with Obama," Cramer said.

In a column in New York Magazine, Cramer has effectively endorsed Obama. Cramer wrote, "And while any president will be an improvement over the current one, there is a growing belief on Wall Street that Barack Obama has the capacity to lead us out of this wilderness while John McCain does not. I'll go a step further: Obama is a recession. McCain is a depression."

http://rawstory.com/news/2008/Cramer_Obama_tax_plan_wont_hurt_1013.html

[CrispyQ]

1. This is the second story I've read that states that most of Wall St. prefers Obama.

Holy crap, they're on our side for once!!

:wow:

[soleft]

2. I've been hearing they are quite open now to being regulated

Like a substance abuser crying out for help

[phantom power]

3. Sure they are.

I'd feel better about it, except that in 20 years they'll all be screaming about getting Big Bad Govt off their backs again. After some long and extremely painful process of digging out of their latest mess.

Assuming that we do dig out of it, of course.

[YOY]

4. Of course they are.

One thing matters to them and that is money. Money is not in their pocket for a depression.

[CrispyQ]

5. You are right that it is all about money & nothing else.

But for once, it is nice that what big money wants is also what is best for the country.