Jim Cramer:”Capitalism Vanishing”

I detect a growing sense of  despair in many of our pundits. Jim Cramer, for one is looking increasingly stricken:

I think I can finish that last sentence for him: ….“thanks to an administration that doesn’t seem to know”…OR CARE.

Here’s what David Axelrod told the Washington Post a couple of  weeks ago:

We’re taking the long view,” Axelrod tells Romano in the interview shown here. “This problem didn’t come about in a day, it’s not going to be solved in a day.”

Yet a bad day can drive any White House’s thinking, the interviewer notes.

“It can drive a White House. It may not drive ours,” Axelrod replies. “This town can get in a frenzy very quickly about the story of the moment. But the real story is written over time. We’re going to keep our heads about us.”

Here’s Obama saying that the stock market is basically like a “tracking poll in politics”!

As for his closing remark about an administration that doesn’t seem to know,,,

That video from Naked Emperor News, surfaced last September right after the Stock Market meltdown. Wall Street, incidentally, put its money behind Obama.

One more thing – Cramer’s reference to Lenin hearkens back to a remark he made on a prior show:

“There was a little snippet last week that was, ‘Now is not the time for profits.’ Look – in Lenin’s book, “What Is to Be Done,” is simple text of what I always though was for the communists. It was remarkable to hear very similar language from ‘What Is to Be Done?’ which is we have no place for profits.”

Hat tip: Gateway Pundit

UPDATE:

Just so you know:

Jim Cramer is a lifelong Democrat. Thanks to Wintery Knight Blog for alerting me to that pertinent little fact. Wintery has little sympathy for the dupes who voted for Obama:

I hope he loses piles of money, and I hope everyone who voted for Obama loses everything. EVERYTHING.

Remember, Democrats caused this mess by forcing banks to make loans in order to achieve social justice for the benefit of other irresponsible democrats who signed contracts to purchase more house than they could afford. These banks were being run by democrats who got million-dollar bonuses while fudging the accounting and paying off Democrat lawmakers to stave-off efforts by Bush to regulate them.

And now they are voting in wasteful spending bill after wasteful spending bill, none of this spending will help the economy one iota. And it’s not just socialist tax policy, it’s protectionist trade policy, too. And no matter how much Obama raises taxes on the productive class, we cannot afford to pay for this spending.

Democrats in general seem to believe that their socialism will make the economy grow faster. The falling market market must be a real wake-up call to their ignorant faith in an ideology of feelings and intentions.