My Daily Domestic Diigolet 03/06/2009

• Glenn Beck – Interviews – Glenn Beck: You can’t eat flowersEven liberals are calling this a depression. tags: finance
  • GLENN: I’m about to change that to the depression. I was at a dinner last night with leaders of two extraordinarily large corporations, gigantic corporations, and one of them said, you know, this depression — and I said, excuse me, hang on. Did you just call it a depression? Both of the CEOs both looked at me like I was nuts and said, what are you calling it? And they are both liberals. They are both liberals. Anyway, go ahead.
  • And there are actually seed companies, the world’s largest seed company right now has a money package that’s out there where they offer you $10 worth of seeds that can grow $685 worth of food for yourself.
• Cramer: My Response To The White House | News | Money/Investing | Mainstreettags: no_tag
  • 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.
  • If that makes me an enemy of the White House, then call me a general of an army that Obama may not even know exists — tens of millions of people who live in fear of having no money saved when they need it and who get poorer by the day.
• Cramer: My Response To The White House | News | Money/Investing | Mainstreettags: no_tag
  • Which leads me to the true irony of not being political: I don’t like talking politics. It is personal, but some things are a matter of public record, including my substantial six figure donations to the Democratic Party before I was no longer allowed to contribute by contractual agreement. I regard two Democratic governors as my friends, and helped back one of them in a major financial way and spoke and campaigned directly for the other.
  • I also made it clear in a New York magazine article that I favored Obama over McCain because I thought Obama to be a middle-of-the-road Democrat, exactly the kind I have supported all my adult life, although I will admit to being far more left-wing during my teenage years and early 20s.
• untitledtags: no_tag
  • But Obama has undeniably made things worse by creating an atmosphere of fear and panic rather than an atmosphere of calm and hope. He’s done it by pushing a huge amount of change at a very perilous moment, by seeking to demonize the entire banking system and by raising taxes for those making more than $250,000 at the exact time when we need them to spend and build new businesses, and by revoking deductions for funds to charity that help eliminate the excess supply of homes.
  • But Obama has undeniably made things worse by creating an atmosphere of fear and panic rather than an atmosphere of calm and hope. He’s done it by pushing a huge amount of change at a very perilous moment, by seeking to demonize the entire banking system and by raising taxes for those making more than $250,000 at the exact time when we need them to spend and build new businesses, and by revoking deductions for funds to charity that help eliminate the excess supply of homes.
• Cramer: My Response To The White House | News | Money/Investing | Mainstreettags: no_tag
  • I am a fight-not-flight guy, so I was on my hackles when I heard White House Press Secretary Robert Gibbs’ answer to a question about my pointed criticism of the president on multiple venues, including the Today Show.
    “I’m not entirely sure what he’s pointing to to make some of the statements,” Gibbs said about my point that President Obama’s budget may be one of the great wealth destroyers of all time. “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 backup for those are, too.”
  • Huh? Backup? Look at the incredible decline in the stock market, in all indices, since the inauguration of the president, with the drop accelerating when the budget plan came to light because of the massive fear and indecision the document sowed: Raising taxes on the eve of what could be a second Great Depression, destroying the profits in healthcare companies (one of the few areas still robust in the economy), tinkering with the mortgage deduction at a time when U.S. house price depreciation is behind much of the world’s morass and certainly the devastation affecting our banks, and pushing an aggressive cap and trade program that could raise the price of energy for millions of peopl
• Cramer: My Response To The White House | News | Money/Investing | MainstreetJim Cramer fights back!tags: politics, finance, obama

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