Jim Cramer, host of CNBC’s “Mad Money,” is a Democrat and a professed longtime personal friend of former New York Attorney General and now-Governor Eliot Spitzer.
Yesterday, Cramer went after the Empire State’s current AG:
He labeled New York Attorney General Andrew Cuomo a â€œcommunistâ€ who â€œwants to shut down the mortgage market.â€
â€œ[W]itness the fact that right now, the most important man in America for the stock market â€“ the most important man and I mean it negatively is this guy Andrew Cuomo, the New York State Attorney General,â€ Cramer said. â€œIâ€™m getting tired of the New York State Attorney General being the most important man in America.â€
Then Cramer really went on the attack, even comparing Cuomo to his politicized predecessor Eliot Spitzer. â€œCuomoâ€™s about confiscation â€“ genuine communist,â€ Cramer said. â€œThe Chinese are capitalists, we got a communist.â€
….. â€œCan I give you the real headline?â€ Cramer said. â€œCuomo says letâ€™s make it harder to get a mortgage, letâ€™s make it harder to lend. Is that really the intent of this Democrat who wants to be president of the universe?â€
No, Jim, it’s the intent of “this Democrat,” and his boss, both of whom want another Democrat to be president.
Take the blinders off, pal:
- Your buddy is Cuomo’s chief executive. The AG has his at-least tacit approval, and at most his active support.
- Eliot Spitzer’s reign as AG was all about confiscation and winning through intimidation. Cuomo is merely imitating a mentor.
- The current AG has an agenda that totally gets in the way of your attempts to help people make money in the stock market — and he could care less. You see, Cuomo’s goal is to dry up the credit markets in hopes of bringing on the recession that Democrats so desperately desire, because they believe a recession would improve their chances at winning the White House in 2008.
It might work.