Friday, September 26, 2008

Cramer on the Republicans Playing With Fire

Jim Cramer (from the Steet.com):
"Suddenly, there is a new consensus that we are not in trouble and that there are better ways to get bad loans off the books. Suddenly, we have competing plans and professors who tell us not to hurry. Suddenly, we are back on the complacency bandwagon.

Suddenly, Eric Cantor[Republican Congressman] from the great state of New Jersey [sic he is actually from VA] has a plan that's "better" than Paulson's plan.

Suddenly, we are in even more trouble than I thought.

Now it is beginning to dawn on me. When we were all growing up we learned about what caused the Great Depression and how it seemed so easy to stop, but they wouldn't do the right thing. They didn't understand the way things could go badly so quickly. They didn't understand the psychology of the moment and how it was undermining the whole nation. "

No comments: