Cramer is King! He’s called the market bottom, just as he did the recession bottom, and the housing market bottom–er, not so much–but here is the “truth” ala Jim “The King” Cramer!

Jim Cramer has had it with all these people calling for DOW 4000. He’s done the math on his worst-case scenario, and the lowest number he can come up with is 5320.

That’s only another 18% down from here!

Jim’s assumptions?

GM goes to zero
Bank stocks to $1
Microsoft to $13
Merck to $15
Etc.

Only another 18%? After where we’ve come from, that’s no problem. Unless Jim’s wrong.

[which he usually is...].

http://www.businessinsider.com/henry-blodget-cramer-only-another-18-downside-on-the-dow-2009-3

http://www.youtube.com/watch?v=PdDnWQvS978&eurl=http://www.businessinsider.com/henry-blodget-cramer-only-another-18-downside-on-the-dow-2009-3

He has less than 15 cents of every dollar of his net worth in the stock market, even if you use the most generous limits on each monetary bracket:

http://www.opensecrets.org/pfds/CIDsummary.php?CID=N00009638&year=2007

It sure appears to me that the bulk of his net worth is in checking, money market, and Illinois state pension accounts. You couldn’t get much safer than this.

He’s no risk taker. But he’s also not a capitalist, either.

“stood behind Hillary even after the Democrat’s took everything away from her and I still believe we would be better off had she won but..”

Really? Who would you prefer as SoS and what would you like to see Hillary doing? As far as I can tell, Obama is completely disengaged from Foreign Policy except for an occasional remark. And in what way, specifically, has she disappointed you? I just really have trouble believing anyone who makes a comment about Hillary followed by a “but”.

The point of my post was that Barky is miscalculating. He is under the impression he can get the Catholic hospitals to roll back their right to life positions. Well, they called his bluff and raised him 600 closed hospitals…Regardless of religion, the health care crisis in this country can not withstand religious organizations getting out of the health care business.

You are spot on. Their rules are their rules. Moreover, I only go to Catholic hospitals because their care and concern is second to none. That One is certainly a neophyte in these shades-of-gray issues. It will be a long four years.

It took almost that long for Hoover to realize that the markets were not going to “fix themselves”.

It is historical record that Hoover threw government intervention into this which made a bad situation worse.

FDR took over and through even more massive and reckless government intervention – much of it based on socialist policy of Stalin’s Russia.
What FDR did that was unconstitutional was already instituted and had its ill effects.

We do know and have carefully examined what Hoover and FDR did. It has been accessed and shown to be detrimental with consequences that did not allow private enterprise to rebuild and placed all stimulus in the hands of the government. What you call “revisionism” is left wing liberals not having answers for that analysis.

As far as the current recession, the only “revisionism” is what you left wing radicals term a recession. Show me one quarter in 2007 when there was negative GDP, because its takes 2 straight quarters of negative GDP to be the definition of a recession.

I would suggest a course in Eco 101 for all you Obama kool aid drinkers, but I would suggest it most for Captain Clueless himself.

There go the andropause man and his tingle leg partner, oh, and mad cow (with due respect to cows), oh and Branicle prick…oh and pimp mouth Shuester.

Please keep technocrat Buchanan, he knows his stuff…

bear in mind that many highly-paid workers take many deductions from the amount of tax they owed (things like medical costs, housing, even job commutes) which are less readily available to lower-paid workers ********** All of the deductions are available to lower-paid workers that itemize –the medical cost is a percentage of your income. Only the people with a true medical problem that’s not covered by insurance can even come close to claiming medical expenses. Housing – you can only deduct what the finance charges are. In fact, being highly paid will probably give you a lower interest rate which in turn will make your finance charges lower and therefore have a much lower deduction than someone paying more in finance charges.

How do you deduct job commutes??
Truly rich can not take deductions for education, child care, IRA contributions, etc. They are also penalized for filing seperately if married.
So how are highly paid workers further ahead than lower paid workers that fall into all the categories that give them special deductions?

Read an article in Columbia U. mag. of a professor, can’t remember which one, who was a NY FED. member till August 2008, that was called from vacation for an “emergency” meeting in January 2008…Adm. not only realized by KNEW what the financial situation was and where it was headed. Wish I hadn’t discarded the mag.

The point of my post was that Barky is miscalculating. He is under the impression he can get the Catholic hospitals to roll back their right to life positions. Well, they called his bluff and raised him 600 closed hospitals.

Regardless of religion, the health care crisis in this country can not withstand religious organizations getting out of the health care business. Nor as a country could we afford to build the institutions to replace them.