Jim Cramer - Why Obama Is Bad for Stocks [View All]

[TheWebHead]

I do not mean to be political. It's not like the Republicans are proposing breakthrough strategies to get things done and break the malaise. But I do hear it, especially from people who have come back from Asia, where the can-do attitude of the '80s and '90s or even the '40s and '50s reigns.

Malaise.

Yesterday's rank insubordination by a key general in, of all places, a Rolling Stone interview -- ???!!! -- crystallized the moment, didn't it (no pun intended). I only heard two things: one that it was right for Gen. McChrystal to be fired and two that McChrystal was right for what he said. Given that a plurality of my colleagues voted for President Obama, the conclusions were pretty grim for what one soul called a "failed presidency."

...His administration is proving to be the champion for those who don't own stocks and perhaps never will. Or, worse, he thinks that the average working person saves in CDs -- is he unaware of the 25-year campaign by all to have retirement savings and college tuitions paid for by now-tattered stock portfolios? I point all of this out because when I say this market is going nowhere, I think it is going nowhere because of Washington, not corporate America, not the public sector, not the private sector. The companies we have heard from this week are brimming with cash...

http://finance.yahoo.com/news/Cramer-Why-Obama-Is-Bad-for-tsmf-2364771359.html?x=0