Garden Variety Depression?
It is a classic exchange cut down for your viewing pleasure. Matt Lauer on the March 3 Today Show has guests Jim Cramer and Erin Burnett on to explain the market crash. Lauer tries to put a good spin on it but Cramer places the blame on the current administration for not implementing policies that could stop the slide and delaying policies that won’t help and likely hurt the formation of capital … Make sure you stay with it to the point where Matt and Jim discuss … “Is this a depression?”
Spoken like two men who don’t seem so worried about who this Garden Variety Depression might affect.
Last night Cramer wasn’t backing off. Chris Matthews does his best to defend the President’s actions … and catalogues a laundry list of social programs inacted. Cramer nails it – “The Anvil”.
So I guess its OK to watch our savings fade along with our jobs … but we have to save irresponsible homeowners? We are doomed.