CNBC’s Jim Cramer, the latest media figure to be chastized by the Obama
Campaign Administration, has published a response to his recent brush-off by the White House. Although Cramer has been very critical of Obama during the last week or so, Cramer actually voted for Obama because he thought Obama was “a middle-of-the-road Democrat, exactly the kind I have supported all my adult life.” He supported many of Obama’s liberal agenda items like income tax increases and ‘cap and trade.’ But now, like so many who supported Obama during the campaign, Kramer is having second thoughts:
This is an agenda that must be held back for better times. It is an agenda that at this moment is radical vs. what is called for. I am proud to have voted for the Obama who I thought understood the need to get us on the right path, and create jobs and wealth before taxing it and making moves that hurt job creation — certainly ones that will outweigh the meager number of jobs he’s creating.
Most important, I believe his agenda is crushing nest eggs around the nation in loud ways, like the decline in the averages, and in soft but dangerous ways, like in the annuities that can’t be paid and the insurance benefits that will be challenging to deliver on.
So I will fight the fight against that agenda. I will stand up for what I believe and for what I have always believed: Every person has a right to be rich in this country and I want to help them get there. And when they get there, if times are good, we can have them give back or pay higher taxes. Until they get there, I don’t want them shackled or scared or paralyzed. That’s what I see now.
Cramer’s message is simple: fix the economy first, then after it has stabilized start talking about a new social agenda. Instead, President Obama and the Democrats have chosen to implement their radical new nationalized social agenda first, with little more than pie-in-the-sky “hope” that, money-wise, everything will turn out okay in the long run.
Right now a lot of people are probably wondering whether the Obama Administration is purposefully tanking the economy in order to destroy accumulated personal wealth and thus pave the way for government dependency, which will be satiated by nationalization and eventually socialism. I’ve never been much of a conspiracy theorist myself, but the nearly deliberate way in which the Obama Administration has done virtually everything that a group of people would do if they were trying to wreck the economy has certainly given me pause to consider it.