Jim Cramer is full of shit a lot of the time. I think he has a point on this one though. Watch the video.
White House Knocks Jim Cramer For Calling Obama Budget "Greatest Wealth Destruction By a President"
NBC's Tom Costello, on duty at the White House today, asked press secretary Robert Gibbs about some comments made by his CNBC colleague Jim Cramer. On the Today show this morning, Cramer called Pres. Obama's budget a "radical agenda," adding, "This is the greatest wealth destruction I've seen by a President."
"I'm not entirely sure what he's pointing to to make some of the statements," said Gibbs. "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 back-up for those are too."
When pressed further by Costello, Gibbs said, "If you turn on a certain program it's geared to a very small audience. No offense to my good friends, or friend at CNBC. But the President has to look out for the broader economy and the broader population."
Last month Gibbs had some choice words for Cramer's colleague, Rick Santelli and his criticism of the Obama mortgage plan.