Monday, March 22, 2010

Meeting Of The Mindless

Larry Kudlow and Jim Cramer come to bury capitalism and lay the shovel at the feet of Barack Obama and health care reform.
My old pal Jim Cramer and I reunited last night to discuss the impact Obama-Care will have on the stock market and economy if it passes. 
According to my former co-host: “First, it is the single biggest impediment to the stock market going higher. And a lot of this has to do with what's not being talked about enough with how it's going to be paid for and also about what it will do to small business formation. This bill is a disaster for both.” 
Hey kids?  If you haven't noticed, there's bigger problems out there with a much large effect on the economy, mainly the continued lack of financial reform and oh yeah, the CRE collapse.

But that's clearly the new play:  anything bad that happens now is Obamacare's fault.  All the more reason to get serious about finishing bank reform up there, Dems.  Because the "anything bad that happens now" part?  That's still coming, HCR or not.

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