Theodore's World: White House Reacts To Citizen Jim Cramer of CNBC "Mad Money"

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March 05, 2009

White House Reacts To Citizen Jim Cramer of CNBC "Mad Money"

Jim Cramer: No Lincoln, No Kennedy. Obama Is Russia's Vladimir Lenin

White House Knocks Jim Cramer For Calling Obama Budget "Greatest Wealth Destruction By a President"


NBC's Tom Costello, on duty at the White House today, asked press secretary Robert Gibbs about some comments made by his CNBC colleague Jim Cramer.

On the Today show this morning, Cramer called Pres. Obama's budget a "radical agenda," adding, "This is the greatest wealth destruction I've seen by a President."
"I'm not entirely sure what he's pointing to to make some of the statements," said Gibbs. "And you can go back and look at any number of statements he's made in the past about the economy and wonder where some of the back-up for those are too."
When pressed further by Costello, Gibbs said, "If you turn on a certain program it's geared to a very small audience. No offense to my good friends, or friend at CNBC. But the President has to look out for the broader economy and the broader population."

Last month Gibbs had some choice words for Cramer's colleague, Rick Santelli and his criticism of the Obama mortgage plan.

Cramer on Obama's Anti-Wall Street Comments: 'We Heard Lenin'


With all the populist sentiment generated from the economic slowdown by politicians, CNBC "Mad Money" host Jim Cramer is seeing eerie similarities with the comments of President Barack Obama and the words of a communist revolutionary.

Cramer, appearing on MSNBC's Feb. 2 "Morning Joe," drew comparisons between remarks between the first head of the Soviet Union, Vladimir Lenin, and Obama. Obama criticized Wall Street's moneymaking on Jan. 30, when he said there would be a time "for them to make profits, and there will be time for them to get bonuses. Now's not that time. And that's a message that I intend to send directly to them."
Cramer said that was similar to Lenin's writings. "Let me tell you something, we heard Lenin," Cramer said. "There was a little snippet last week that was, ‘Now is not the time for profits.' Look - in Lenin's book, ‘What Is to Be Done?' is simple text of what I always though was for the communists, it was remarkable to hear very similar language from ‘What Is to Be Done?' which is we have no place for profits."

According to Cramer, China, which is the United States' largest debt holder - about $682 billion - is currently faring better with capitalism, even though that government has operated communism for the last half century.

"Thank heavens for the Chinese communists, deeply rooted in a profit government," Cramer said. "Because we have decided that profits have no place in the system."

Cramer wasn't sure what phase of the teaching of Lenin the United States was heading, but he narrowed it down to two.

"It's the time for nationalization, and I'll say this," Cramer said. "Either the new economic policy Lenin, or it's the initial storm-the-winter palace Lenin. I'm not quite sure yet. It's a mid-'20s situation. It could go either way."
"Morning Joe" host Joe Scarborough asked Cramer about the $100 billion in tax cuts given to people who don't pay taxes and how close that was to socialism. "This is as close to unprecedented of a total all-out socialist bill as I've ever seen in my life," Scarborough said.
"They pretend to work, we pretend to pay," Cramer replied. "I think that the real issue here is that socialism was always pretty good for creating jobs. I felt there were other forms of economy that actually confiscated jobs and socialism would be a real step-up from what we're at here."

Wild Thing's comment.........

This White House has no qualms about singling out citizens for criticism. Only Idi Amin, Chavez, Papa Doc Duvallier or other third-world dictators would stoop to criticize entertainers and celebrities, or just plain citizens. The President of the United States should be above all of that. Not Barack Hussein Obama. But then he did this same kind of attack on people during his campaign.

Jim Cramer is NOT a Conservative, he is a jerk actually, he is a democrat but he is not blind to what has been happening. Jim Cramer is telling the truth. Obama has used what was a mild downturn to put in place a radical socialist agenda. He talked down the economy with gloom and doom speeches in order to pass the “stimulus” that had bank and health care nationalization in it and he has the “budget” now that expands socialism, plus has enough pork to the Democrat interest groups to insure rotten elections in 2010 & 2012 to keep socialists in power.

Posted by Wild Thing at March 5, 2009 05:50 AM


" has enough pork to the Democrat interest groups to insure rotten elections in 2010 & 2012 to keep socialists in power."

Bingo! Nothing more needs to be said. You are ON TOP of IT, WT!!! You go, Girl!!!

Posted by: BT in SA at March 5, 2009 12:23 PM

WT - your comment as usual is difficult to top or match. I agree with your assessments of Cramer, but at least now he is using his platform to get the truth about about our anti capitalist commie president.

Posted by: TomR at March 5, 2009 12:50 PM

Lenin also said "things are at their best when they are at their worst" too.

Posted by: JohnE PFC U.S. Army at March 5, 2009 01:32 PM

BT in SA, giggle, thank you.

Posted by: Wild Thing at March 5, 2009 07:09 PM

Tom, thank you, I too am glad he spoke up like he did. There have been a few 'moderate' dems that have been doing this which of course the media does not like, heh heh since they are such fans of Obama.

Posted by: Wild Thing at March 5, 2009 07:13 PM

JohnE PFC U.S. Army, wow I did not know that. Thank you JohnE.

Posted by: Wild Thing at March 5, 2009 07:15 PM