"We need a new broom": Wall Street will embrace Obama.
by Rian Fike
Wed Jun 25, 2008 at 07:18:07 AM PDT
On The Chris Matthews Show transcript for June 22, you will find some of the most concentrated hope of the entire cycle. I was especially emboldened by the opinions on the Economy issues. Jim Cramer (yes, THAT Jim Cramer) of the "Mad Money" show said that Wall Street will embrace Barack Obama.
Jim Cramer: I think it's going to work. I think people recognize that the whole Bush plan turned out to be a facade, a charade, because most Americans don't own stock. It's not an ownership society. We don't care how our stocks do because they don't do well. So I think--I think Obama's making a lot of sense.
It's not class warfare anymore. We don't feel like that if we get rich, we're going to pay. We feel like, you know what, the rich have had such a great ride and what has it done for us. It's time for other people to do well.
That's what Wall Street thinks too. (With Bush) Everybody got screwed except for a couple people who make more than $2.8 million a year.
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