Jim Cramer Republican Or Democrat

Analysis: Democrats Compare Republicans To Confederates And Jim Crow Then Expect The Gop To Work With Them

In response to recent Republican-backed legislation in multiple states addressing election security, Democrats have insinuated that Republicans and their policies are comparable to the Confederacy and Jim Crow.

Is it any surprise that Republicans are hesitant to work with the Democrats?

As of June, there have been 28 election-related laws enacted by state governments according to a list compiled by the left-leaning Brennan Center for Justice.

Georgia enacted an election security law in March, and critics responded by alleging the law would disenfranchise minority voters and comparing it to Jim Crow, the institution in southern states during the late 19th and 20th centuries that among other things denied black people the right to vote.

A polling place worker holds an Im a Georgia Voter sticker to hand to a voter on June 9, 2020 in Atlanta

President Joe Biden released a statement on the Georgia election law in late March in which he called the measure Jim Crow in the 21st century. The president also called similar election bills being pursued by Republican state legislatures a blatant attack on the Constitution and good conscience.

Former Democratic gubernatorial candidate Stacey Abrams, who refused to concede defeat to Republican Georgia Gov. Brian Kemp in her 2018 election, said the blatantly unconstitutional election security law is nothing less than Jim Crow 2.0.

Dispute With The White House

On March 2, 2009, Jim Cramer drew the attention of some critics after his evaluation of spending plans and the handling of the banking crisis. Cramer’s name came up the following day, on March 3, during a press briefing after Cramer said that Obama was responsible for “the greatest wealth destruction I have seen by a president.” An offended White House shot back. When questioned by Tom Costello, Press Secretary said this:

On March 5, Jim Cramer responded to the White House.Jim Cramer rebuked:

Cramer questioned criticism he received which he explained makes him “uncomfortable being in the crosshairs of columnists and comedians I enjoy.” Cramer asked, “So, why after toiling in the cable wilderness for four years with Mad Money am I the target of the wrath of the Obama clan, and the darling, albeit surely momentary, of the Obama-critics? After all, my criticism of Obama’s handling of the economic crisis is a lot less pointed than my withering August 2007 ‘They Know Nothing’ meltdown against and the previous administration’s handling of the economic crisis.”

Jim Cramer Thinks Biden Brings Back Globalism For Stocks

Hi, Im Jim Cramer. And club members, welcome to our last call of the year, one where I want to set the table for 2021 using all that we have learned together in 2020 and adding in impressions of a new administration. It may not be Wall Street’s best friend but oddly will be friendlier than the current one. Why is that? Isn’t Trump a Republican and Biden a Democrat and ones good for business and the other one is good for labor? Ah, if only things were that simple.

In reality, Biden represents globalism, which is fantastic for stocks and Wall Street, especially for many of the stocks that we own. And Trump represents American exceptionalism, where our country comes first, but also second and third and fourth to any of our trading partners that we need to do business with if our company is going to make more money.

I would not be as positive about the prospects of the Biden presidency had the Senate gone Democratic. I also think that the appointment of Janet Yellen as treasury secretary chose to continue with President Obama, which is more middle-of-the-road than I had feared. Politics have hardened since Obamas presidency. So it could have gone in a much more radical fashion. But believe me, Yellen? Jared Bernstein? I thought he’s from CNBC. The rest of the economic team, well, they represent mainstream thinking. And if we’re going to make money in stocks, we need to have the mainstreamers inside, not out.

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Carrey Opened Up About Why He Chooses To Express His Political Views Through Art

While speaking with Extra TV in 2018, Carrey explained that he funnels his passionate feelings about politics through a paintbrush because he just wants to express it in a positive way. I want to turn everything painful into art.

Trumps allegiances couldnt have been any clearer in that debate if his hair were on fire and it was. #BidenHarris#TeamHuman#GoliathWillFall

Jim Carrey

As for the haters, Carrey is unbothered. Apparently, I was threatened on Twitter, but ya know you gotta speak man, the actor continued. This is not a time to clam up and get frightened. This is dire at the point.

A post shared by Jim Carrey on Aug 13, 2020 at 1:38pm PDT

Jim Cramer: A ‘hard Left’ Democratic President Would Be A ‘disaster’ For Stocks

Getty Images

That’s one of the biggest macro risks he sees for Wall Street right now.

Jim Cramer says the largest macro risk facing markets right now could be the large number of 2020 Democratic presidential candidates who are “a motley crew of hard lefters.”

“Until Joe Biden entered the race, every candidate was as far left as I have ever seen in my life,” Cramer said during an exclusive call with members of his Action Alerts PLUS club for investors. “Any one of these candidates would be, yes, disastrous for the stock market.”

Cramer said some common positions among many of the 2020 Democratic candidates — from support for “Medicare for All” to promises of cracking down on Wall Street — could spell bad news for stocks.

“Whether they are running to break up the big techs or to have single-payer medicine instead of health insurance or if they favor jailing innocent bankers, they are a motley crew of hard lefters that will be a disaster for the stock market unless they gravitate to the right,” Cramer said.

“You may like them on the personal issues, I don’t talk about personal issues — they’re no interest to me ,” he said. “What I care about preserving capital, and that group of candidates does not let you preserve capital, trust me.

In fact, Cramer said just about the only economic policy that Democrats and Republicans agree on these days is that neither side likes Big Tech — more bad news for markets.

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Transcript Of Pelosi Interview On Cnbcs Mad Money With Jim Cramer

Washington, D.C. Speaker Nancy Pelosi joined Jim Cramer on CNBCs Mad Money to discuss The Heroes Act, House Democrats urgently-needed legislation to address the COVID-19 health and economic crisis, the Congressional response to the killing of George Floyd and other news of the day. Below are the Speakers remarks:

Jim Cramer. The Democrats are making a case we need more spending, so let’s go straight to the source to Nancy Pelosi, the Speaker of the House, to get a clear picture of what we can do to bolster a sagging economy.

Speaker Pelosi, welcome back to Mad Money.

Speaker Pelosi. Wonderful to be here, Jim.

Jim Cramer. So, Madam Speaker, we’re on the cusp of seeing a number tomorrow morning at 8:30 that may be the worst we’ve seen, maybe since the Great Depression. What are the prospects for an extension of enhanced unemployment benefits, the $600 per week, that will make it so that people who are trying to find jobs can also put food on the table?

Speaker Pelosi. Well, first of all, let me say The Heroes Act is an answer, in many ways, to the challenge that our economy faces. If we want to open up the economy, and we all do, we need to defeat the virus, and that’s testing, tracing, treatment and isolation. And we don’t have a vaccine and we don’t have a cure, but we do have a method to defeat the vaccine excuse me, the virus. And we have to do that.

Jim Cramer. That would do it. That’s how you get it done.

Thank you so much for coming on Mad Money.

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Cramer Finally Reveals Whether He Is Pro

In a raging debate from his fans on Twitter, many people have asked Jim Cramer if he is for or against President Donald Trump.

The truth is that he is neither. Cramer cares about the stock market, not politics.

“My agenda? It has always been the same: higher stock prices. That is my true north because most of you home gamers own stocks and I want you to make money. It’s that simple,” the “Mad Money” host said.

That’s why when Cramer sees Trump’s agenda of deregulation, lower corporate taxes and repatriation of foreign assets, he likes it. He thinks it could lead to higher stock prices.

The recent rally in the stock market is directly related to improved fundamentals thanks to a stronger global economy and better employment. However, Cramer was willing to admit the election played a role in the run. The surprising Republican win of a pro-business president and the end of gridlock in Washington did help, Cramer said.

But the proposed U.S-Mexico border wall worries Cramer. The real issue with Mexico isn’t the wall, he said, the issue is jobs. The Mexican peso is so cheap that it is drawing in corporations that would have otherwise build factories in the U.S.

When NAFTA was passed, the exchange rate was four pesos to every dollar. Now a dollar buys 21 pesos. That gives U.S. corporations a major advantage. That is what Cramer wants addressed if Trump plans to stop companies from shipping jobs south of the border.

Questions for Cramer?

Is Jim Cramer A Democrat

Some people might say that a man of Cramers wealth would likely lean more onto the Republican side of the aisle, but that isnt always the case. In fact, if you asked him, the Mad Money host would probably consider himself more of an opportunist than anything else. His political leanings always hinge on who presents the best financial outlook for the market and the U.S.

Cramer has made it clear that he doesnt really care for politics. His interest has always been in the stock market and how that fluctuates, regardless of who sits in the Oval Office. He said that his true north has always been higher stock prices because he wants his fans and home gamers to make money off their stocks.

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Performance Of Stock Picks And History Of Market Calls

Cramer is a former hedge fund manager and founder/owner and Senior Partner of Cramer Berkowitz, where Jim reported a compounded “rate of return of 24% after all fees for 15 years” at Cramer Berkowitz. He retired from his hedge fund in 2001, where he finished with a self reported 36% return in 2001.

On August 3, 2007, in an interview with during Jim Cramer’s “Stop Trading!” segment on CNBC’s Street Signs, before the stock market fell and before the began, Cramer made a passionate plea to Chairman to consider cutting interest rates and, in turn, help the market and the people who are losing their jobs on Wall Street. The rant is now known as the infamous ‘Rant Heard Round the World.’

On July 8, 2008 Jim brought up the possibility of bank failures. In his article, ‘Look At The Facts’ Cramer said, “The losses are increasing, the auction-rate preferreds are now biting, the mortgage implode-a-meter now measures how many home-builders are going under.” The following day on July 9, 2008, during a segment on Mad Money Cramer again pointed out the forthcoming Financial Collapse. “Most frightening,” Cramer said, “is the silence from those in the government who could take action but haven’t. If silence means there is no plan, that’s trouble for everyone.” A few months later on September 15, 2008, the beginning of the market meltdown occurred.

Does Jim Cramer Support President Trump

Most of the population seems to think that Twitter is a good place for debating anything from politics to religion and financial acumen. Jim Cramer seems to think so, too. A recent debate on Cramers Twitter page made people wonder whether he supports President Trump.

As someone whose career and interests always land squarely in the realm of finance, Cramer approves of President Trump’s agenda of deregulation, lower corporate taxes, and repatriation of foreign assets. He thinks that these moves will lead to higher stock prices, which helps what is essentially his bottom line.

That said, Cramer has discussed his disappointment with how President Trump handled the U.S.-Mexico border wall. He didnt like how the issue divided the Republican and Democratic sides of Congress or how it pulled U.S. businesses away from deals with Mexican corporations. Worst of all, the border wall still has the capacity to destabilize the stock market, which is something Jim Cramer doesn’t like.

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His Agenda Higher Stock Prices

With all the tension between the political divide here in the United States, Cramer has been receiving a lot of questions regarding who and what he’s in favor of.

Back in 2019 he gave us his answer… which doesn’t say much, but says a lot at the same time.

According to a tweet by Cramer, “no one here will ever know my true politics” and that he won’t let his political views affect his ability to help others make money in the stock market…

Okay, that’s good I suppose. He’s focused on business and he’s in the business of helping people make money.

Furthermore, on an airing of his popular Mad Money TV show he told us the same thing in different words…

• “My agenda? It has always been the same: higher stock prices. That is my true north because most of you home gamers own stocks and I want you to make money. Its that simple”.

Performance Of Cramer’s Investments

As manager of his hedge fund, Cramer claimed to have realized a “rate of return of 24% after all fees for 15 years” until he retired from the hedge fund in 2001. He self-reported a 36% return in 2000, at the peak of the dot-com bubble. However, this performance has not been independently verified.

In January 2000, close to the peak of the dot-com bubble, Cramer recommended investing in technology stocks and suggested a repeat of the stock performance of 1999.

In February 2000, the year in which Cramer claimed to have produced a 36% return, Cramer claimed that there were only 10 stocks he wanted to own and he was buying them every day. These stocks were 724 Solutions, Ariba, Digital Island, Exodus Communications, InfoSpace, Inktomi, Mercury Interactive, Sonera, VeriSign, and Veritas Software. He also dismissed the investing strategy of Benjamin Graham and David Dodd and claimed that priceearnings ratios did not matter. All 10 of these stock picks fell in value significantly during 2000 as the dot-com bubble burst, making the 36% reported return during that year questionable.

On October 6, 2008, on Today, when the S& P 500 Index was valued at 1,056, Cramer suggested to investors, “Whatever money you need for the next five years, please take it out of the stock market.” Five months later, the market bottomed at 666, a 36.9% decline. Five years after Cramer’s sell advice, on October 6, 2013, the S& P 500 Index was valued at 1,678, an increase of 58.7%.

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Why The Rich Favor The Democrats

There’s little doubt that today’s Democrat Party is the party of the rich. Actually, that’s an understatement. Far more than billionaires are involved. A better expression of reality would be to say a fundamental core of Democrat coalition is the managerial class, also known as the elite. These are the people who run the media, Hollywood and the entertainment industry, the big corporations, the universities and schools, the investment banks, and Wall Street. They populate the upper levels of government bureaucracies. These are the East and West Coasters.

The alliance of the affluent with the Democrat Party can be seen in the widely disproportionate share of hefty political donations from the well-to-do going to Democrats and a bevy of left-wing causes. It’s also why forty-one out of the fifty wealthiest congressional districts are represented by Democrats. Bernie Sanders is an exception. But he’s an anomaly viewed as dangerous to the party, which is why he’s being crushed by the Democrat establishment.

Why do the wealthy align with the Democrats? The answer may seem counter-intuitive, but it is really quite simple. It’s surely not ideals or high-minded principles. Nor is it ignorance. Rather, it boils down to raw self-interest.

To quote Reno one final time:

To quote Reno one final time: