super hanc petram -- deep background
Wednesday, March 28, 2001
 
Street Cred by James Cramer
Cramer throws a great big FUCK YOU at just about everything W and his cadre want us to think about them. For all their talk about industrial experience, the Bushies don't know squat about the economy. The thing that really resonated with me is Cramer's line about being in touch with the people in the trenches of Capitalism. The Treasury department used to be in touch with the ground-war that was waged daily on the streets of American capitalism. This group is still hemming and hawing about weather or not to hold on to $100 million in options from their various companies. Getting a whif from Cramer about what it was like under Rubin, and the contrast with O'Neill is truly depressing. There's still an opportunity for the department to bring in some Wall Streeters, but it doesn't look good. This sucks, and, as Rob said yesterday, it's only March.

Now I have to go subscribe to TheStreet.com, Cramer's website. I love reading his stuff.


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