Has Cramer Seen The Light?

Well damn. I dunno who kidnapped the old Jim Cramer, but this new guy is actually making a modicum of sense.

Executives padded their paychecks for President George W. Bush’s entire term, Cramer said Friday, but these critics were silent the whole time. Plus, there were tax cuts for the rich, wholesale deregulation, unchecked short selling – how come there were no congressional hearings then?

Well, Congress is the epicenter of this class war now, Cramer said. Just look at that bonus-tax bill. Executives of TARP-participating companies who make more than $250,000 have to pay 90% of their bonuses to the government. Strange, though, that not a hearing took place prior to the financial crisis. There was little regulation during the run-up to the meltdown, and even less enforcement of what rules there were.

Well now. Welcome to the party, Jim. Glad you could finally join those of us who have been asking that question for a very, very long time now.

Video below: