Quote Originally Posted by Lyle View Post
Hey I don't think many guys are disagreeing with what Cramer is saying now...the stock market isn't reacting well to the Obama Presidency
This guy told the world bear Stearns stock was worth buying a few days before they went bust, the financial system was fine, there'd be no recession etc. etc. etc. A bigger buffoon you'd be hard-pressed to find even with the intense competition from other financial buffoons. Why does anybody listen to clowns like this?

The stock market is reacting to the ongoing meltdown of the financial system and the worldwide fall in output of up to 40%, the fact that the banking system is insolvent, huge monthly job losses, huge falls in GDP. The same things are happening in the UK where a left-leaning government has been in power the whole time and also in germany where a conservative government took over just as the whole mess started, but the effects of the financial crisis/recession are just the same in those countries as they are in America.

This is just the latest bs from the right wing idiots who control US media. They're desperate to hang the whole mess created by eight years of epic dumbness, incompetence and criminality around the neck of a guy who's been president for about seven weeks. And guess who's still believing every word these guys tell you. Things are collapsing (and will continue to collapse) because of the way the economy and the financial system have been run over the past eight years, not because of anything that's happened in the last eight weeks.