Change of Heart? CNBC’s Jim Cramer Thinks Business Leaders Could Be Warming Up to Obama
- Posted on February 13, 2012 at 7:58pm by
Becket Adams
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While discussing a recent New York Times op-ed on MSNBC’s Morning Joe, “Mad Money’s” Jim Cramer had a surprising bit of analysis: he thinks business leaders are turning away from former Massachusetts governor Mitt Romney and are now giving President Obama a second look.
The conversation began by addressing claims that the Republican party is a disjointed mess.
“The Republican party has three legs,” host Joe Scarborough said, “It’s got a libertarian wing, it’s got a social conservative wing, and it’s got an economic wing. And if you have one person in the middle that can pull all that together then you got a coherent strategy, you got a strong party. The problem with this republican party is that they don’t have that.”
Scarborough went on to cite John “Jeb” Bush, saying that, unlike the current GOP presidential candidates, Bush is a well-liked libertarian-leaning, social conservative with pro-business beliefs.
All of this was to emphasize Scarborough’s point that, if the GOP is really interested in a 2012 victory, Republicans must find a candidate who can draw together all the conservative factions and appeal to their different interests and priorities.
This led Scarborough to point out that although business leaders prefer Mitt Romney and that they “get him,” it seems they are alone among Republicans.
Cramer disagreed.
“Business leaders see that he created some companies, business leaders recognize that he would encourage hiring,” Cramer said, “But I got to tell you: no one sounds as enthusiastic as I thought they would be, and people are starting to talk about Obama again.”
“You’re saying even in the business community?” Scarborough asked.
“They used to be [for Romney],” Cramer replied.
See the Morning Joe crew discuss the possibility of President Obama regaining support from the financial industry via Mediaite:
This would be an interesting development considering that it seems business leaders have all but abandoned the president’s re-election campaign.
As reported earlier on The Blaze, President Obama raised almost $16 million from employees in the securities and investment industry and their families in 2008. In 2012, JPMorgan Chase & Co., whose employees gave $23,494 to President Obama in the last three months, is the only financial institution among Obama’s top 10 list of donors for the fourth quarter.
And while some analysts believe that business leaders are disinterested in contributing to the president’s re-election campaign because he has “backed tough regulations curbing the worst abuses,” others believe it is because he has repeatedly accused his former “fat cat” donors of being solely responsible for the recession.
If Cramer’s predictions are correct, and “fat cat” business leaders are indeed interested in supporting the president’s re-election campaign, it would be an awfully unexpected — even inexplicable — about-face.
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Comments (113)
weneedrubio
Posted on February 13, 2012 at 9:02pmCramer is a corrupt leftist and should be put away with Corzine and hopfully Obama and our illustrious AG. They all lie so much they wouldn’t know a good investment if it bit them in the ass.
Report Post »Sirfoldallot
Posted on February 13, 2012 at 9:59pmBig bsiness warms up 2 any party leader if it help them , it’s called Favor, they want favor.
Report Post »its_time_to_arrest_our_government
Posted on February 13, 2012 at 9:59pmCramer is proof that we do hire the handicapped. if he can get a job so can the ows.
Report Post »Cdad
Posted on February 13, 2012 at 10:55pmWENEEDRUBIO
You obviously do not know the first thing about Cramer. He is politically agnostic, just as Wall Street is. He supports whatever will channel money through markets…regardless of politics. He is a Wall Street shill, plain and simple.
He is perpetually leading uneducated investors into sheer lunacy regarding equity valuations. He perpetually shouts “buy”…except when things are tanking…when he panics people out.
He is far worse than some pure leftist.
And on a personal level, he is weak in character, and needs perpetual attention and adoration…one of those guys that needs to be liked by everyone.
And if you check his ratings, what he is becoming…mostly…is irrelevant. The death of credibility is slow at first…and always terminal.
Cdad
Report Post »onthefrontline
Posted on February 14, 2012 at 12:33amDidn’t Obama say there would be no special interest, yet
Report Post »He can pull them all together, according to Joe…OK !!!!
sixdogman
Posted on February 14, 2012 at 4:20amyep, i used to watch and like Cramer until he sold his soul to Obama. what’s the matter ,Jimmy, are you scared of Obama and lost your cojones , you turned into another weak-knee-ed leftist that has no principles.
Report Post »Recceman90
Posted on February 14, 2012 at 6:51amHe is just trying to keep his job!
Report Post »gsp9993
Posted on February 14, 2012 at 7:09amCorrect. He, too, is part of the problem. Mass colustional at all levels to push a Socialist agenda. It all starts with Soros, the puppetmaster and is supported all along the watchtower by the lame stream media who carry the water for Barry the Marxist.
Report Post »Wilbur Longshank
Posted on February 14, 2012 at 8:14amHey jimmy, yes people are starting to talk about obama, but I don’t think its in a good way.
Report Post »not funny
Posted on February 14, 2012 at 8:34amObama will say and do anything to get reelected. Once that happens, he will have the opportunity to do whatever he wants–don’t fall into that trap again. He has broken many of his previous campaign promises, but I guess people think this time he will be different. Personal responsibility will be a thing of the past in this country. The government will take care of everyone’s lives. The dumbing down of America.
Report Post »old white guy
Posted on February 14, 2012 at 8:34amweneedrubio. i stopped watching anything this guy had to say after he backtracked on a statement that on the surface seemed very conservative. you are right he is just another believer in socialism.
Report Post »TomFerrari
Posted on February 14, 2012 at 8:39amYears ago I liked his plain-talk and “hip” format for investment advice. Then he started making political statements and infusing politics into his stock selections.
That is when I stopped watching him.
I don’t invest based on politics. I invest based on past performance, current efforts, competition, market cap to value, pe ratios, etc… FACTS, ya know ?
Just another tool of the left wing, socialist propaganda machine. Intentionally or not.
Report Post »TAXEVERYONE
Posted on February 14, 2012 at 8:41amObama Soros Ayers 2012.
Report Post »The un-holy trinity.
LouC57
Posted on February 14, 2012 at 8:53am“This” business owner hasn’t warmed to bo one bit! He’s evil incarnate.
Report Post »techengineer11
Posted on February 14, 2012 at 9:40amAnyone with a trained eye can see that the Media is in a full court press in order to get Obama reelected and especially the financial Media. If I’m not watching sports, FOX News, or a movie then I’m watching either CNBC, Bloomberg, or FOX business; however, mostly CNBC. It’s simply stunning. It’s a marvelous thing to behold and it saddens me greatly to know that our Presidential elections have devolved to the point that person which is perceived to be most amiable to the promotion of good economic times is the winner.
We all remember Bill Clinton’s line of “It’s the economy stupid.” Unfortunately that has become the bottom line and the most pernicious element of all is that the President and the Congress are not the Prime movers when it comes to economic activity. It is the Federal Reserve which has the most influence upon the economic cycles by far and even more so today than in times past.
Our Republican leaders have had the opportunity to make the case to the American people and educate us all on how it really works but they decided to play politics with the issue. They doubled down on their criticisms of Obama and the promise of less than 8 % unemployment. Well those criticisms worked for a time but now it appears that they are gaming the unemployment numbers and they most definitely goosing the stock markets.
They never mention the fact that Obama has pulled 2 Trillion forward and has been the beneficiary of 0% interest rates for going on 4
Report Post »Formula382
Posted on February 15, 2012 at 7:42pmCramer is a full on *******, this guy doesn’t understand Wall St. at all…the only one he loves more than Obummer is Buffet….or as I call him, the “Orafice of Obama”
Report Post »BOMUSTGO
Posted on February 13, 2012 at 9:02pmLet’s give socialism another chance!
Report Post »Stoic one
Posted on February 13, 2012 at 8:58pmWho is this guy??
Report Post »He is obviously full of fecal matter.
Constipation is a terrible to have.
TAXEVERYONE
Posted on February 14, 2012 at 8:43amEarth to Cramer: NOBODY is watching your show!!!
Report Post »carpee
Posted on February 13, 2012 at 8:55pmanything on any network that ends in NBC is just ‘Nder ’Bama’s Control
Report Post »onthefrontline
Posted on February 14, 2012 at 12:38amThese POS say anything they want, with NO accountability.
Report Post »and Libotards will believe this swill….
GoodStuff
Posted on February 13, 2012 at 8:53pmPeople still take Jim Cramer seriously?
Isn’t this the guy who said everything was honky-dory in 2008 right before the collapse?
Report Post »Tri-ox
Posted on February 13, 2012 at 8:49pmLOL – Anyone who watches Squawk on the Street (Cramer’s increased screen-time has destroyed this program) knows that Cramer is nothing but a mindless shill for obama, and the entire obama administration. Cramer’s amazing lack of objectivity, tenuous grasp of reality, and constant, grotesque drooling over obama is beyond belief. Cramer is a flaming obama-liberal and will do and say anything to help obama.
Report Post »disenlightened
Posted on February 13, 2012 at 8:46pmThe man is a clown.
Report Post »THETAXMAN
Posted on February 13, 2012 at 8:45pmI have been wondering about Cramer for a long, long time.
Report Post »patbarker
Posted on February 13, 2012 at 8:44pmCramer??? talented and a great showman…..and leftwing pimpin’ NBC/Obama shill. Can’t stand to watch him amymore…thought he was areal guy…turned out to be a folically challenged wolf/lib in sheep’s clothing!!!
What a joke…no ethics in libville. NONE!!!
Report Post »Crush_Liberalism
Posted on February 13, 2012 at 8:43pmWhat we are seeing here is simply another example of a brain-dead liberal who thinks he can “wish cast”. What that means is that he states something that he really, really WANTS to be truth, and POOF, it is magically “truth” in his liberal little mind. This happens often on the left, and it is an attempt to manipulate the thoughts of the MSNBC viewers….all six of them!
Report Post »mr molotov cocktail
Posted on February 13, 2012 at 9:34pmthe founders were liberals who were fleeing conservative europe~
they were socialists too boot~
get funk out of the usa you stupid dominion christian conservative
your kind for the last 30 years have screwed the world~!up get bent you reprobate ungodly capitalist idol worshipper
i can wait they are going to cut red-states first they get the most federal dollars we are going to hear you stupid cons scream loudest
Report Post »TheObamanation
Posted on February 13, 2012 at 10:03pmLol
Report Post »BOMUSTGO
Posted on February 14, 2012 at 1:42amSame tactic Hitler used.. Repeat a lie long enough and the sheeple will believe it.
Report Post »michael48
Posted on February 14, 2012 at 8:09amok tail…now get back in grannies garage, lemming patrol is in the hood…dem-wit!!!
Report Post »eyestoseeearstohear
Posted on February 13, 2012 at 8:42pmThe Debt Ceiling Explained:
U.S. Tax revenue: $2,170,000,000,000
* Fed budget: $3,820,000,000,000
* New debt: $ 1,650,000,000,000
* National debt: $14,271,000,000,000
* Recent budget cuts: $ 38,500,000,000
Let’s now remove 8 zeros and pretend it’s a household budget:
* Annual family income: $21,700
* Money the family spent: $38,200
* New debt on the credit card: $16,500
* Outstanding balance on the credit card: $142,710
* Total budget cuts: $385
Got It ?????
Report Post »copatriots
Posted on February 13, 2012 at 9:11pmExcellent!
Report Post »I.Gaspar
Posted on February 13, 2012 at 9:27pmNicely done…
Report Post »arvadadan
Posted on February 13, 2012 at 10:09pmPerfect…
Report Post »babylonvi
Posted on February 13, 2012 at 11:24pmBravo, send to whitehouse.gov and see if it helps.
Report Post »Workforit
Posted on February 14, 2012 at 12:13amBrilliant! I bow to greatness!
Report Post »Red Bubba
Posted on February 14, 2012 at 6:16amgenius
Report Post »Inlightofthings
Posted on February 14, 2012 at 8:35amThe value of simplicity?….Priceless.
Boehner, leader of the GOP should be so simple. Nicely presented.
Report Post »gpk
Posted on February 14, 2012 at 11:40amExcellent point. That sums it up. Bravo.
Report Post »I.Gaspar
Posted on February 13, 2012 at 8:35pmI flipped through the channels tonight and caught 30 seconds of Cramer in his lightning round.
Report Post »How much crack does he smoke during a taping?
Crush_Liberalism
Posted on February 13, 2012 at 8:45pmNo, liberals minds are so altered, they enjoy naturally what a crackhead has to pay good money for…dead brain cells!
Report Post »investlite
Posted on February 13, 2012 at 8:34pmLOL! As a full time trader I watch Jim creamer. He’s really good at knowing exactly what not to do and when not to do it. He‘s our ’contrarian indicator’. What Jim says, do the opposite and you’re OK. So, if jim says businesses are starting to like Obama, that means that businesses are losing all patience with Obama.
Riddle me this Jimmy: why would business men like the man who hates them vs one of their own? Answer: they don’t.
Report Post »investlite
Posted on February 13, 2012 at 8:35pmNo, creamer isn’t a typo. you’ll get creamed if you listen to him.
Report Post »RepubliCorp
Posted on February 13, 2012 at 8:25pm“people are starting to talk about Obama again.” Who in their right mind would look at Obama as a plus for business? (Other than his cronies or China) Not buying!
Report Post »vtech61
Posted on February 13, 2012 at 8:22pmNo wonder they all want and/or ‘require’ private security. :-(
Report Post »kangaroo
Posted on February 13, 2012 at 8:20pmGeeze more blood comin out the eyes. crammer couldnt bet on an odds on and win. Who the hell are paying these ashats to support the odictator
Report Post »Charles
Posted on February 13, 2012 at 8:20pmWhere do the networks find these delusional fools? Unless he’s right and capitalists are worshiping Marx the way our glorious leader does.
Report Post »ddg7
Posted on February 13, 2012 at 8:19pmJim Cramer, former Goldman Sachs employee. Nuff said!
Report Post »ddg7
Posted on February 13, 2012 at 8:17pmHow can anyone believe Cramer! The man won’t even figure out the current unemployment rate. Cramer is an Obama shill and cannot be trusted!
Report Post »Inlightofthings
Posted on February 13, 2012 at 8:17pmWhy quote that joker Scarborough….what a nimrod he turned out to be…
Report Post »eyestoseeearstohear
Posted on February 13, 2012 at 8:16pmTHIS IS “TRUTH TEAM PROPAGANDA”….
Don’t be fooled.
Report Post »KingCanon
Posted on February 13, 2012 at 8:14pmCramer just might be a hyped up idiot… liberally!
Report Post »Inlightofthings
Posted on February 13, 2012 at 8:13pmCramer – simple math lesson for you…
$5 trillion of debt / 2 million in jobs = $2,500,000 per JOB.
$5 trillion to go much higher and the 2 million jobs are suspect at best…then again, it liberal fashion it could have been $3,000,000 per job….
Report Post »Inlightofthings
Posted on February 13, 2012 at 8:10pmCramer – can you keep the math simple?
5 trillion in debt / 2 million jobs = $3,000,000 per JOB.
5 trillion to go higher and the 2 million jobs are suspect at best. Disgraceful….
Report Post »Inlightofthings
Posted on February 13, 2012 at 8:14pmoops…I fixed it…
$2,500,000 per job.
Report Post »TRONINTHEMORNING
Posted on February 13, 2012 at 8:05pmYeah, Cramer; you got your talking points, little fella. You in-the-bag wuss! You ought to be ashamed of yourself! But that doesn’t happen at NBC or MSNBC or CNBC.
Little lying creep. Who watches your pathetic show anyway? Libs with money and false ideology?
Yeeeeeeeep!!!
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