3.05.2009

"I believe his agenda is crushing nest eggs around the nation in loud ways"

Booyah, sir, booyah.  Jim "Mad Money" Cramer unloads on the President he supported:

But these are issues that we have no time for now, on the verge of a second Great Depression. 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.

The piece is highly readable.  It's a telling critique of Barack Obama from a decidedly Democratic-leaning figure who is not overtly political.  I think it's an indicator, along with some recent poll numbers, that Obama's healthcare initiative is low on fuel and has several engines aflame at the moment.  The White House can dismiss the Cramer as unhinged, but the man has some pull.  And I think he's tapping the growing incredulity of a significant sector of Americans.

Cramer's characteristically stirring riposte to the White House is resolute in its terms, quintessentially American in its basis in a belief in "a right to be rich" - a real call to arms.  If Santelli's tea party speech was the tea party opposing the red-coated stimulus, this may be the shot heard 'round the world at some new Old North Bridge:

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.