Changes

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 administration’s handling of the banking crisis. 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> 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 administration’s handling of the banking crisis. 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> 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 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> 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."

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> 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."

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> 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 |date= 2009-09-03|accessdate=2009-09-03}}</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."