Jim Cramer endorses Obama

Jim Cramer (a Republican) of 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.

  • Jason Rogers

    His recent comments notwithstanding, Cramer is a lifelong Democrat. Every dollar he has ever given to political candidates has been to Democrats.

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