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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (461619)	3/6/2009 12:37:41 PM
From: tejek	Read Replies (1) \| Respond to of 1576336

> Cramer's first loyalty is to Wall Street.....the Dems are a distant second That certainly wasn't the takeaway from his interview yesterday. He said he was a life-long Democrat, totally supported Obama from the outset, and actually said, apparently (I didn't hear the actual quote) that he had been a socialist at times (just like Obama). I have read Cramer now for ten years. The first time he said he was a life long Dem was this past week and that was to make his point that Obama was screwing up badly. In fact, up til now, he has been pretty apolitical on his website. While Cramer acts like an idiot at times, and is not impressive in his stock-picking prowess, the man isn't stupid. And he clearly feels as though he was misled as to Obama's plans. Obama couldn't have been any clearer during his campaign what his intentions were. He is not doing anything he didn't say he would do. What's changed is that Cramer has decided Obama is anti business which, of course, he is not, and that Obama is not giving Wall Street its due. Cramer is able to ignore what his dishonest Wall Street peers have done over the past few years and make believe that Wall Street is as pure as the driven snow and more importantly is the dog that wags the tail in the US. Unfortunately for Cramer, there are many that believe Wall Street is the tail, not the dog. One other thing.......Cramer made a public plea on his website to be considered for some of the positions in Obama's cabinet. It was a very stupid thing to do. I am sure he is very disappointed that it didn't lead to a job offer. Finally, Cramer is openly feuding with other traders on his website. The man has come a little unhinged over the last year. Another trader on the site made a good point today that the market is taken its toll and has stressed out traders to the point where they are not making good observations and decisions. I think that's a good explanation for Cramer's recent behavior. He presented as absolutely forthright in everything he said. I did not hear him say, "I made a mistake" in choose Obama. But he did point out that Obama is not doing what he said he would do. Then Cramer heard what he wanted to hear. Having said that, and like I said to Phillips, all Obama has to do is throw Wall Street a couple of bones and Cramer will be as happy as a pig in a poke.