Cramer on BloggingStocks: This defeat hurts us all

Did I miss the trailer that said Jim Cramer is on vacation this week and taking his place this will be Treasury Secretary Paulson? I can't believe what I read on so many levels. Now we're Communists if we don't back the Bailout (capital "B" is in order because 40 years from now that's how they will be referring to it in the history textbooks, like the New Deal, the Great Depressionand the Cold War)?

The problem here Pamela Kay and everyone else is that Mr. Cramer is not the brains behind Mad Money, his wife Karen is. He basically has said so in many interviews where he has stated that "his friend" and current wife called him on Black Monday and told him something's seriously wrong, at which time he began dumping investments (inside/priviledged information??). His funds did not take the beating that many others did on that day, and woolah, a star was born. An investment guru for the regular guy. Except that based on the insight(his wife) that Mr.Cramer had on that fateful day a hedge fund was founded that has made millions, maybe billions of dollars for Mr. Cramer and his investors. Buying stocks prior to announcing them on TV, and selling them off after the viewers all jump in and drive up the price. Congratulations Mr. Cramer. Excellent work.

I told you last week you need not worry about Citigroup. They are fine. It is even showing in the stock increase today on the market. Almost $20.00 a share. Give them 2 years & they will be rock solid again.

2.1 billion dollar purchase of Wachovia is a clear indication that they have money floating around all over the place. If they continue to put a team on board to verify their true net worth and watch their assets more closely, they will be on top.



Also to solve the Wall Street Nightmare……My recommendation is to cut the military budget for 1 year ( see below) The 2009 US Budget for that crap is 713.1 BILLION dollars. Use next years military budget to issue a line of credit to Wall Street, impose and prosecute those at fault. Shake the Bank tree & let all the crappy mismanaged banks fail & use the line of credit to make approved adjustments.

For the tax payers of the US as compensation of the wealthy bail-outs, you reduce all mortgages across the board to a 6% fixed rate 30 yr mortgage, drop credit card interest rates to 3.99% and have all the banks who use this credit line a 10% interest rate & use those profits to fund a universal health care reform. AND FOR GOD’S SAKE create jobs in this country based on Energy Efficiency. Shut the boarders down & cut 50% of our financial aide to countries who do not deserve our attention. And most important NO MORE POLICE ACTIONS or so called WARS!



It's time for our annual game: How much is really in the U.S. military budget?

As usual, it's about $200 billion more than most news stories are reporting. For the proposed fiscal year 2009 budget, which President Bush released today, the real size is not, as many news stories have reported, $515.4 billion—itself a staggering sum—but, rather, $713.1 billion.



This Country was founded on the bases of all humans with an emphasizes on basic shelter, food and health. Let’s go back to making this a Country of the people, by the people! NO MORE CORPORATE GREED!

You are wrong Kramer....This only hurts the idiots that are strung way out on the "credit line" Those of us that live within their means do'nt need nor do we support a "bail out" to shore up the credit market,You need to go back on Seinfeld........

Thank you Nancy Pelosi!!

Thanks for your opinion Jim. "You don't understand," As McCain would put it. We need to figure this thing out and understand the problem. May be, we don't need to bail these company out. If we do, we cannot leave the people on the main streets. This problem is caused by a pyramid market structure: we know this. So, we need to fix it in a pyramid way--from bottom up. Save people from the bottom first and at the same time educating them about the financial responsibilities. And tell our politicians not to send our jobs overseas--there is no benefit for the people in main streets.

We don't want capitalism to fail. We are the leader (and promoter) of capitalism in the world. And yes, I agree that we need to help these banks, but we cannot just bail these banks out, just like that, without a real solution to this problem. This is the time that our politician get together and hammer out a plan to resolve this matter and make sure that the solution will, at least, stay for awhile (we know that any solution to this matter will not have any life-long effect--human weakness) but at least help the people on the streets, the main street--where the real market is, will benefit this process. As a note: no one knows how to fix the problem unless you caused the problem. We cannot blame another for this terrible mess. We have to accept it. It is our human weakness. We made it happen. We new it would happen, but our greed (for power [money=power]) blinded us and we forget that we are network of people inter-dependent to one another to make an honest business. Capitalism is a very complex system. If Capitalism failed, it would not be the system, it is our human weaknesses to blame.

The are so many issues that we can preview and rationalize why Capitalism is about to fail. But the list is long so I will just leave some questions to begin with:

1. What is the purpose of our human existence?

2. We accepted that our species are above of those with animal species, so how do we survive to live like humans?

3. We are the government, why did we create government body?

4. Why do men are greedy for power?

5. This is a form of a joke but please take a note of it. I came up with this question after watching the play about "Men Are From Mars And Women Are From Venus." Did you ever think that may be there were life-forms, or may be human-life forms in Mars?

So Much for the big meltdown. The markets back where it was.
so I guess everyone's in the poor house or so Congress and the bailout boys want us to believe. The Fed's have already pumped in One Trillion here and overseas.
so if that isn't enough --tough luck.
No More bailouts its time for a revolutioln The people against the Aristocracy.

What does communism have to do with paying off thieves? No “fat cats” should be benifititing from this mess. You need to look up the definition of communism. Many americans have already lost their pensions long before WB collapsed. I worked at World Savings and told them when I started that their lending methods were faulty. I was told to shut up. Also where were the Feds, they were supposed to be watching, they setup a whole division because of the S &L problems back in the 80's. They could not see this coming? I am a computer geek and did not go to college for finance and I could see it plain as day. But that is what they hope for, the poor old citizens to bail them out.The ones to blame here are the companies executives and the Federal government. They should be forced to pay the money back or be put in prison. Our system is so messed up now, people going to jail for stealing breas, and these jerks not only do not go to jail, but instead make a killing and then get bailed out by us. And all because the rich pay off the government and get what ever they want. What a system, no wonder they say it is the best in the World. Yeah, if you are a crook. The problem these days is plain and simple. I bunch of greedy jerks that only look out for themselves. What ever happened to having morals? I remember a slogan used by salespeople. It is better to do and ask for forgiveness than not to at all. Looks like the financial sector goes by that motto as well. Just because someone goes to college and wears a tie, does not make them honest. People are too easy on these financial executives. Our government protects the rich and tries to make it look like they are saving the World. If they were really trying to watch out for us. This would not have happened in the first place. They just got caught will their pants down. And to top it off, the same people who either broke the system or ignored the issue now are the "experts" at fixing it? Why should we trust them now or ever? Like they just suddenly grew a heart?
If you would like to debate, respond back to this post. I am more than happy to get on your show and tell it like it is.

Benito Mussolini, the Italian dictator during WWII, was asked in the 1930s to define FASCISM, he replied, "CORPORATISM". Unless you are blind, you can surely see where our country is now. We are being herded off the edge and are about to fall into a Fascist, Nazi, Corporate, Dictatorship. I will stand with our founding Fathers, "GIVE ME LIBERTY OR GIVE ME DEATH".Prescott Bush, W's granddad, laundered Nazi war profits back into USA before, during and after WWII. His company, Union Bank, was charged with violating the trading with the enemy act. Check it out if you think it's not true. It is true.

All the so called exterts are wrong. Taking "bad" loans from the banks provides absolutely no incentive for them to work out these loans with the borrower and take the hit where it belongs, the lenders. Same with the S&L crisis. No bailout! Increase the insurance limit to $250,000 and let the banks deal with their problems as the way out is for them to make profitable loans and collect interest.

"What people needed to care about were the 90 million families who own stocks and the millions of people who are about to get kicked out of their homes who had a hope to be able to refinance with someone from the government rather than a collection agency. "

Your indignation is duly noted. Allow me to retort.

The 90 million families who own stocks don't care where the dividend comes from, and neither do you. My job for a Harley Davidson supplier is gone. We made seats and accessories, but now, they're made in Mexico. You see, sweatshops were outlawed here over a century ago, because of the hazardous, cruel work environments. But they ARE legal in Mexico. You get 2 cents dividend raise, and 200 Americans lose their jobs.

My job's gone, my 401k is gone, but you upper class snobs are so put out. Somebody should do something to protect you. The rest of us are unimportant - Why, we don't even own our own homes! We must be useless, expendable overpriced assets. We should pay for your mistakes.

Well, until people start to do something about it, they will continue to rip people off. Don't expect the government to do it, they get paid by these scumbags! If you take a look at the people who caused this mess, they all work for Obama now. Everyone is going to be in for a rude awaking if he gets elected. Also, anyone notice how they tried to attached millions of dollars in ear marks to the bill? That shows to me that they are using this as a way to get more money out of us. Giving these banks money is not going to raise stock prices. As as far as the credit crunch goes, banks will have to give credit if they want to stay in business. They just need to eat those losses like any other business does. People were losing their 401 k way before this mess came about. No one helped them.

The fundamental operation of a credit based monetary system forces boom and bust cycles to happen. Why? Because our debt system creates money by borrowing. And lenders collect interest on the money lent. But the money to pay the interest was not created, only the principal was created. So, eventually, some one has to come up short.

Dr. Ron Paul (R-Texas) has been advocating for a no debt economy and he believes that we will soon have one!

Maybe Dr. Ron Paul is correct.
http://www.campaignforliberty.com/

for his video and more... :)