Jim Cramer, Barack Obama, and Amateur Hour

It looks like Jim Cramer is itching to become the next Rick Santelli.

As Jeff Poor, Business & Media Institute, notes, Cramer had some critical words for Barack Obama on his March 2 broadcast of Mad Money. Cramer is on the attack.

According to Cramer, Obama and his administration's "agenda is destroying the life savings of millions of Americans."

He's got that right.

Cramer says, "I just want some sign that Obama realizes the market is totally falling apart and that his agenda has a big hand in that happening."

Me, too.

Obama doesn't care. He's cool with the destruction of the life savings of millions of Americans. Obama says it's normal, just "fits and starts."

WASHINGTON (AP) -- President Barack Obama is comparing the stock market to the daily tracking polls used during campaigns, saying that paying too close attention to Wall Street's "fits and starts" could lead to bad long-term policy.

...Obama said he is not measuring policies against "the day-to-day gyrations of the stock market," but by whether lending is flowing more freely, businesses are investing and the unemployed are going back to work.

He said he is "absolutely confident" that those things will happen. But the president also said it will take time for the mistakes of the past to work their way through the system.

In fact, Obama is encouraging Americans to get into the stock market. Buy now.

"What you’re now seeing is profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal, if you’ve got a long-term perspective on it."

No. It's not a good deal if you've got a long-term perspective on it. We can see the direction that Obama is leading the country -- away from capitalism. Obama is bent on destroying the private sector. Why would anyone invest in Obama's America?

As Larry Kudlow says, Obama is waging war against investors and entrepreneurs and small businesses. He's raising taxes. Kudlow says that the stock market is an interesting place. People get to vote every day with their money.

Clearly, based on the market, Obama is losing that election in a landslide of historic proportions.

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Transcript-

JIM CRAMER: I wish I could hold your hand. But until the Obama administration starts listening, until they start paying attention to what you're watching, to the stock market, until they realize that their agenda is destroying the life savings of millions of Americans, then all I can give you is caution.

I'm not asking for the Feds to give us a plunge protection team, to stop declines, as we always thought to be the case under Greenspan. I'm not saying, 'Mr. President, go stare at the Bloomberg quote machine and come to your senses.' I just want some sign that Obama realizes the market is totally falling apart and that his agenda has a big hand in that happening.

I felt the prices, the screen, the action, the sense of a vortex down that cannot be stopped, of equities becoming worthless, of savings becoming tattered, of a stock market without bottom, but this time in slow motion. I felt the total lack of control that we all feel right now, the 'It's out of my hands,' the 'Where's the authority,' the 'Hey, it's amateur hour at our darkest moment.' It's the feeling of capitalism vanishing, businesses capsizing under their own weight, thanks to an administration that doesn't seem to know or maybe doesn't care.

Hey, look, I get it. Young president, big landslide, vigorous agenda, Congress that smells Republican blood, might find changing the world simply irresistible. We all want to change the world. I know I'd like to change the world, but when you talk about wealth destruction, don't you know that you can count me out?

Do you know what this sounds like to me?

It sounds like Cramer wants Obama to fail. Cramer doesn't want capitalism to vanish. Obama seems to be working toward that goal.

I wonder. Is there something in the water cooler at CNBC?

These guys, Cramer and Santelli, get what the NBC Obama sycophants don't.


Careful, Cramer. Are you prepared to deal with the wrath of Robert Gibbs?