Changes

On July 8, 2008 Jim brought up the possibility of bank failures. In his article, 'Look At The Facts'<ref>{{cite news |title=Look at the Facts |url=http://www.thestreet.com/p/_search/rmoney/jimcramerblog/10432518.html |publisher=TheStreet.com |author=Jim Cramer}}, July 8, 2008</ref> Cramer said, "The losses are increasing, the auction-rate preferreds are now biting, the mortgage implode-a-meter now measures how many home-builders are going under." The following day on July 9, 2008, during a segment on Mad Money Cramer again pointed out the forthcoming Financial Collapse. "Most frightening," Cramer said, "is the silence from those in the government who could take action but haven't. If silence means there is no plan, that's trouble for everyone."<ref>{{cite news |title=A Tribute to Jim Cramer's Mad Money |url=http://derekerwin.blogspot.com/2009/03/tribute-to-jim-cramers-mad-money.html |publisher=A 1-In-100 Blogger |author=Derek Erwin}}, March 17, 2009</ref> A few months later on September 15, 2008, the beginning of the market meltdown occurred.<ref>{{cite news |title=Lehman Files for Bankruptcy; Merrill Is Sold |url=http://www.nytimes.com/2008/09/15/business/15lehman.html?_r=1 |publisher=The New York Times |author=Andrew Ross Sorkin}}, September 15, 2008</ref>

On July 8, 2008 Jim brought up the possibility of bank failures. In his article, 'Look At The Facts'<ref>{{cite news |title=Look at the Facts |url=http://www.thestreet.com/p/_search/rmoney/jimcramerblog/10432518.html |publisher=TheStreet.com |author=Jim Cramer}}, July 8, 2008</ref> Cramer said, "The losses are increasing, the auction-rate preferreds are now biting, the mortgage implode-a-meter now measures how many home-builders are going under." The following day on July 9, 2008, during a segment on Mad Money Cramer again pointed out the forthcoming Financial Collapse. "Most frightening," Cramer said, "is the silence from those in the government who could take action but haven't. If silence means there is no plan, that's trouble for everyone."<ref>{{cite news |title=A Tribute to Jim Cramer's Mad Money |url=http://derekerwin.blogspot.com/2009/03/tribute-to-jim-cramers-mad-money.html |publisher=A 1-In-100 Blogger |author=Derek Erwin}}, March 17, 2009</ref> A few months later on September 15, 2008, the beginning of the market meltdown occurred.<ref>{{cite news |title=Lehman Files for Bankruptcy; Merrill Is Sold |url=http://www.nytimes.com/2008/09/15/business/15lehman.html?_r=1 |publisher=The New York Times |author=Andrew Ross Sorkin}}, September 15, 2008</ref>

On Hardball with Chris Matthews for September 19, 2008, Cramer suggested, "It's not too late to be on the sideline." On this day the Dow was resting at 11,388.<ref>{{cite news |title='Hardball with Chris Matthews' for September 19, 2008 |url=http://today.msnbc.msn.com/id/26841599/ |publisher=MSNBC TV |author=Jim Cramer}}, September 19, 2009</ref> Cramer spoke again on the Today Show on October 6, 2008, suggesting to investors, "Whatever money you need for the next five years, please take it out of the stock market."<ref>{{cite news |title=Jim Cramer: Time to get out of the stock market |url=http://www.msnbc.msn.com/id/27045699/ |publisher=Today MSNBC |author=Michael Inbar}}, October 6, 2008</ref> By February 24, 2009 the Dow was down to 7,351; since Jim Cramer's first warning to investors the DOW plunged some 3,000 points.

On Hardball with Chris Matthews for September 19, 2008, Cramer suggested, "It's not too late to be on the sideline." On this day the Dow was resting at 11,388.<ref>{{cite news |title='Hardball with Chris Matthews' for September 19, 2008 |url=http://today.msnbc.msn.com/id/26841599/ |publisher=MSNBC TV |author=Jim Cramer}}, September 19, 2009</ref> Cramer spoke again on the ''Today'' Show on October 6, 2008, suggesting to investors, "Whatever money you need for the next five years, please take it out of the stock market."<ref>{{cite news |title=Jim Cramer: Time to get out of the stock market |url=http://www.msnbc.msn.com/id/27045699/ |publisher=Today MSNBC |author=Michael Inbar}}, October 6, 2008</ref> By February 24, 2009 the Dow was down to 7,351; since Jim Cramer's first warning to investors the DOW plunged some 3,000 points, ultimately it had plummeted 36% over the next five months.<ref>[http://www.cnbc.com/id/33330840 Cramer’s ‘Get Out’ Call: One Year Later], CNBC, October 15, 2009.</ref>

=== Academic study ===

=== Academic study ===

== Dispute with the White House ==

== Dispute with the White House ==

On March 2, 2009, Jim Cramer drew the attention of some critics after his evaluation of [[Barack Obama|President Obama’s]] spending plans and the [[Obama Administration|administration’s]] handling of the banking crisis.<ref>[http://www.cnbc.com/id/28916751 Stop Trading!: Cramer Hearts Rush Limbaugh?], CNBC's ''Mad Money'', Jan. 29, 2009.</ref> Cramer’s name came up on March 3 during a [[White House]] press briefing after Cramer said that Obama was responsible for “the greatest wealth destruction I have seen by a president.”<ref>{{cite news |title=Cramer to White House: Wealth Destruction Is Real |url=http://www.cnbc.com/id/29490969/ |publisher=CNBC |date= 2009-03-03|accessdate=2009-03-03}}</ref><ref>[http://www.rushlimbaugh.com/home/daily/site_031909/content/01125116.guest.html Jim Cramer Held Hostage], rushlimbaugh.com, March 19, 2009.</ref> An offended White House shot back.<ref>{{cite news |title=White House Knocks Jim Cramer For Calling Obama Budget "Greatest Wealth Destruction By a President" |url=http://www.mediabistro.com/tvnewser/cnbc/white_house_knocks_jim_cramer_for_calling_obama_budget_greatest_wealth_destruction_by_a_president_110203.asp |publisher=CNBC |date= 2009-03-03|accessdate=2009-03-03}}</ref> Press Secretary [[Robert Gibbs]] said, "I'm not entirely sure what he's pointing to make some of the statements." When pressed further by [[NBC|NBC's]] Tom Costello, Gibbs said, "If you turn on a certain program it's geared to a very small audience [...] And you can go back and look at any number of statements he's made in the past about the economy and wonder where some of the backup for those are, too."

On March 2, 2009, Jim Cramer drew the attention of some critics after his evaluation of [[Barack Obama|President Obama’s]] spending plans and the [[Obama Administration|administration’s]] handling of the banking crisis.<ref>[http://www.cnbc.com/id/28916751 Stop Trading!: Cramer Hearts Rush Limbaugh?], CNBC's ''Mad Money'', Jan. 29, 2009.</ref> Cramer’s name came up on March 3 during a [[White House]] press briefing after Cramer said that Obama was responsible for “the greatest wealth destruction I have seen by a president.”<ref>{{cite news |title=Cramer to White House: Wealth Destruction Is Real |url=http://www.cnbc.com/id/29490969/ |publisher=CNBC}}, March 3, 2009</ref><ref>[http://www.rushlimbaugh.com/home/daily/site_031909/content/01125116.guest.html Jim Cramer Held Hostage], rushlimbaugh.com, March 19, 2009.</ref> An offended White House shot back.<ref>{{cite news |title=White House Knocks Jim Cramer For Calling Obama Budget "Greatest Wealth Destruction By a President" |url=http://www.mediabistro.com/tvnewser/cnbc/white_house_knocks_jim_cramer_for_calling_obama_budget_greatest_wealth_destruction_by_a_president_110203.asp |publisher=CNBC}}, March 3, 2009</ref> Press Secretary [[Robert Gibbs]] said, "I'm not entirely sure what he's pointing to make some of the statements." When pressed further by [[NBC|NBC's]] Tom Costello, Gibbs said, "If you turn on a certain program it's geared to a very small audience [...] And you can go back and look at any number of statements he's made in the past about the economy and wonder where some of the backup for those are, too."

On March 5, Jim Cramer responded to the White House.<ref>{{cite news |title=Cramer: My Response To The White House |url=http://www.mainstreet.com/article/moneyinvesting/news/cramer-my-response-white-house?page=2 |publisher=MainStreet |date= 2009-05-03|accessdate=2009-05-03}}</ref><ref>[http://www.rushlimbaugh.com/home/daily/site_030509/content/01125111.guest.html Liberal Jim Cramer Sees the Light], rushlimbaugh.com, March 5, 2009.</ref> He rebuked, "Huh? Backup? 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 health care companies, 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. The market's the effect; much of what the president is fighting for is the cause. The market's signal can't be ignored. It's too palpable, too predictive to be ignored, despite the prattle that the markets predicted far more recessions than we have."

On March 5, Jim Cramer responded to the White House.<ref>{{cite news |title=Cramer: My Response To The White House |url=http://www.mainstreet.com/article/moneyinvesting/news/cramer-my-response-white-house?page=2 |publisher=MainStreet.com}}, 2009-05-03</ref><ref>[http://www.rushlimbaugh.com/home/daily/site_030509/content/01125111.guest.html Liberal Jim Cramer Sees the Light], rushlimbaugh.com, March 5, 2009.</ref> Jim Cramer rebuked:

{{Cquote|"Huh? Backup? 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 health care companies, 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. The market's the effect; much of what the president is fighting for is the cause. The market's signal can't be ignored. It's too palpable, too predictive to be ignored, despite the prattle that the markets predicted far more recessions than we have."}}

Cramer questioned criticism he received which he explained makes him "uncomfortable being in the crosshairs of columnists and comedians I enjoy."<ref>{{cite news |title=Cramer Takes on the White House, Frank Rich and Jon Stewart |url=http://www.mainstreet.com/article/moneyinvesting/news/cramer-takes-white-house-frank-rich-and-jon-stewart |publisher=MainStreet |date= 2009-09-03|accessdate=2009-09-03}}</ref><ref>[http://www.rushlimbaugh.com/home/daily/site_030909/content/01125111.guest.html Welcome to the Club, Cramer], rushlimbaugh.com, March 9, 2009.</ref> Cramer asked, "So, why after toiling in the cable wilderness for four years with ''Mad Money'' am I the target of the wrath of the Obama clan, and the darling, albeit surely momentary, of the [[Tea Party Movement|Obama-critics]]? After all, my criticism of Obama's handling of the economic crisis is a lot less pointed than my withering August 2007 'They Know Nothing' meltdown<ref>{{cite news |title=Jim Cramer's famous rant about the "know nothing" Fed. |url=http://www.cnbc.com/id/15840232?video=808465173&play=1 |publisher=NBC |date= 2007-07-29|accessdate=2007-07-29}}</ref> against [[Ben Bernanke]]<ref>{{cite news |title=Cramer: Bernanke, Wake Up |url=http://www.cnbc.com/id/15840232?video=452808336 |publisher=NBC |date= 2007-03-08|accessdate=2007-03-08}}</ref> and the previous administration's handling of the economic crisis."

Cramer questioned criticism he received which he explained makes him "uncomfortable being in the crosshairs of columnists and comedians I enjoy."<ref>{{cite news |title=Cramer Takes on the White House, Frank Rich and Jon Stewart |url=http://www.mainstreet.com/article/moneyinvesting/news/cramer-takes-white-house-frank-rich-and-jon-stewart |publisher=MainStreet.com}}, 2009-09-03</ref><ref>[http://www.rushlimbaugh.com/home/daily/site_030909/content/01125111.guest.html Welcome to the Club, Cramer], rushlimbaugh.com, March 9, 2009.</ref> Cramer asked, "So, why after toiling in the cable wilderness for four years with ''Mad Money'' am I the target of the wrath of the Obama clan, and the darling, albeit surely momentary, of the [[Tea Party Movement|Obama-critics]]? After all, my criticism of Obama's handling of the economic crisis is a lot less pointed than my withering August 2007 'They Know Nothing' meltdown<ref>{{cite news |title=Jim Cramer's famous rant about the "know nothing" Fed. |url=http://www.cnbc.com/id/15840232?video=808465173&play=1 |publisher=NBC}}, July 29, 2007.</ref> against [[Ben Bernanke]]<ref>{{cite news |title=Cramer: Bernanke, Wake Up |url=http://www.cnbc.com/id/15840232?video=452808336 |publisher=NBC}}, 2007-03-08</ref> and the previous administration's handling of the economic crisis."

=== Obama Accountability Index ===

=== Obama Accountability Index ===