“President Obama’s team, unlike [former President George W.] Bush’s team, demonstrates a thinness of skin that shocks me,” financial adviser Jim Cramer, host of CNBC’s “Mad Money,” writes at www.mainstreet.com.
“When I somewhat obviously and empirically judged that the populist Obama administration is exacerbating the crisis with its budget and policies, as evidenced by the incredible decline in the [stock market] averages since his inauguration, I was met immedi- ately with condescension and ridicule rather than constructive debate or even just benign dismissal,” said Mr. Cramer, a liberal Democrat, Obama supporter and outspoken critic of the Bush administration.
“I said to myself, ‘What the heck? Are they really that blind to the Great Wealth Destruction they are causing with their decisions to demonize the bankers, raise taxes for the wealthy, advocate draconian cap-and-trade policies and upend the health care system? Do they really believe that only the rich own stocks? What do they think we have our retirement accounts in, CDs? Where did they think that