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Jim Cramer: One of Obama’s strongest supporters joins growing ranks of virulent opponents

Democrats seem to need some new folks to hate, post Bush/Cheney/Rove.  They have quickly focused on Rush Limbaugh as per what we now know is an alleged plan set up in October of last year, following some scurrilous research by CNN political commentators and daily confidants of President Obama’s White House Chief of Staff Rahm Emanuel, James Carville and Paul Begala.  They actually (allegedly) looked into —researched— their next targets of hate for the Dems, to see who would play best in the popular culture. 

That’s all backfiring wildly, because of course they massively miscalculated:  Rush is far too smart for them; and moreover he is of course on the side of right, and America, and those latter two things are far too despicable for liberals to grapple with without looking foolish. 

image  Here’s the latest fallout from the Obama administration’s supreme bully pulpit attacks on the private citizens it deems to be getting in their way.  These are some excerpts from the response to the Obama administration from the very loud CNBC investment guru Jim Cramer, after being bashed by the Obama goon squad for turning on them.  Note that Jim Cramer is—or was—just about the biggest supporter of Team Obama, but merely saw things the way he saw them, and said so:

Cramer: My Response To The White House

…Now some, including Rush Limbaugh, would say I am on another enemies list: that of the White House. Limbaugh says there are only a handful of us on it, and if I am on it for defending all of the shareholders out there, then I am in good company. Limbaugh—whom I do not know personally, but having been in radio myself, know professionally as a genius of the medium—says, “They’re going to shut Cramer up pretty soon, too, but he’ll go down with a fight.”

Limbaugh’s dead right. 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.

[…]

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 people.

[…]

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.

We had a banking crisis coming into this regime, but now every area is in crisis. Each day is worse than the previous one for this miserable economy and while Obama’s champions cite the stimulus plan, it’s really just a hodgepodge of old Democratic pork and will not create nearly as many manufacturing or service jobs as we hoped. China’s stimulus plan is the model; ours is the parody.

[…]

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.

[…]

This is an agenda that must be held back for better times. It is an agenda that at this moment is radical vs. what is called for. 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.

Most important, I believe his agenda is crushing nest eggs around the nation in loud ways, like the decline in the averages, and in soft but dangerous ways, like in the annuities that can’t be paid and the insurance benefits that will be challenging to deliver on.

So I will fight the fight against that agenda. I will stand up for what I believe and for what I have always believed: Every person has a right to be rich in this country and I want to help them get there. And when they get there, if times are good, we can have them give back or pay higher taxes. Until they get there, I don’t want them shackled or scared or paralyzed. That’s what I see now.

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.

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Joel Johannesen
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