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Cramer on Meet the Press ?!?

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By James Bianco - December 14th, 2009, 12:24PM

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Jim Bianco comments

Cramer was on Meet The Press yesterday with Alan Greenspan, Mitt Romney and Jennifer Granholm. About halfway into the discussion, he said:

The CEOs I talk to, they’re hiring. They’re hiring in Brazil, they’re hiring in Russia, China. Why are they hiring in those countries? Because it’s steady, we know what to get from the government. It’s a rather — it’s rather quizzical that we know what the Communists will give us but we don’t know what the capitalists will give us.

Let us get this straight, in corrupt and Communist countries companies are hiring. They have transparency … that the government can nationalize your company whenever they want and execute you if you complain. Here we are paralyzed because we don’t know whether our tax rate will be 40% or 42% next year.

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Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

8 Responses to “Cramer on Meet the Press ?!?”

  1. Barry Ritholtz Says:
    December 14th, 2009 at 12:26 pm

    Jim, that is a brutal and brilliant observation

  2. mhm Says:
    December 14th, 2009 at 1:12 pm

    JC: “They’re hiring in Brazil, they’re hiring in Russia, China.”
    BR: “corrupt and Communist countries companies are hiring.”

    Thanks for including Brazil among the communists. It’s not official yet but it’ll be announced eventually and I’m not being sarcastic.

    (haven’t posted in a while but read it via rss)

    ~~~

    BR: 1) Its Jim Bianco’s post

    2) I dont think he was referring to Brazil as a Communist nation . . .

  3. alexp Says:
    December 14th, 2009 at 3:16 pm

    Yeah, they’re hiring in countries that pay pennies-on-the-dollar for a worker compared to the US, Japan, & Western Europe… and the reason is government transparency?

    What a pussbag!

  4. CTB Says:
    December 14th, 2009 at 4:17 pm

    Meet The Press has been horrible since the passing of Tim Russert.
    David Gregory is in over his head. His lack of comprehension is palpable.

  5. larry Says:
    December 14th, 2009 at 7:10 pm

    @mhm:

    In that Lula is to the “left” of Obama and a former union president; therefore, he is a Communist.

    Anyway, the “Communists” will give you an environment where crony capitalism is even more free to flourish. At least Russia and China… Brazil, I’m not so informed on.

  6. Steve Barry Says:
    December 15th, 2009 at 12:28 am

    I’d like to see a panel discussion with Cramer, Greenspan and Lenny Dykstra.

  7. VangelV Says:
    December 15th, 2009 at 1:29 pm

    Cramer is finally right about something. Regime uncertainty in the US is killing capital formation, just as it did in the 1930s under Hoover and FDR.

  8. Jim Bianco Says:
    December 18th, 2009 at 8:49 am

    No Brazil is not communist, but they are corrupt!

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