Thursday, February 12, 2009

CRAMER - Obama's $800B Stimulus Is A FRAUD

Stock market commentator Jim Cramer is EXTREMELY negative ('bearish') on the final version of the $789 Billion U.S. economic stimulus package that is making its way through Washington. According to Cramer, host of CNBC's popular stock market-themed television show Mad Money, Congress and President Obama both deserve an 'F' for the passage of this 'total fraud' of a plan. Perhaps more significantly, Mr. Cramer sees NO actionable stock trades as a result of this package (as a humble fan of CATERPILLAR/CAT, I find this point particularly discouraging). Please find his sobering take below courtesy of TheStreet.com :

Data Courtesy: TheStreet.com