30 January 2008

Signs of the Apocalypse: Jim Cramer Trashes "Laissez Fair"

Yes, this is the Cramer of "Mad Money", and yes, he is generally to the right of Atilla the Hun, he supported Alan Keyes in 2008, and at a speech at Bucknell University, he condemned laissez fair politics:
"Do not be fooled by the sirens of laissez faire," he told a packed audience at Bucknell University's Weis Center for the Performing Arts in the continuing national speakers series, "The Bucknell Forum: The Citizen & Politics in America."

"Ever since the (President) Reagan era, our nation has been regressing and repealing years and years worth of safety net and equal economic justice in the name of discrediting and dismantling the federal government's missions to help solve our nation's collective domestic woes," he said. "We call it deregulation … a covert attempt to eliminate the federal government's domestic responsibilities."
When Jim Cramer is forced to come to his senses, you know something is whack.

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