Jim Cramer endorses Obama
Bob Morris @ Oct 6th 2008 19:38 - Category: Election 2008
Jim Cramer (a Republican) of TheStreet.com writing in New York magazine. Emphasis added.
What will New York look like a year from now? The answer: bad and probably worse, and perhaps downright catastrophic. Three degrees of awful. The first step was passing the bank-bailout legislation. Now that it’s done—and if it didn’t get done we would have been looking at a guaranteed economic collapse—the critical issue will be presidential leadership.
And while any president will be an improvement over the current one, there is a growing belief on Wall Street that Barack Obama has the capacity to lead us out of this wilderness while John McCain does not. I’ll go a step further: Obama is a recession. McCain is a depression.
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