Wednesday, November 5, 2008

Jim Cramer For The Economy!!

I think we've sufficiently covered the election excitement; Obama won, made history, everyone's dreams have come true. so on to the next exciting thing. Who's Obama going to pick for his cabinet (if he decides to have one)?
well, Jim Cramer made it perfectly clear today on his show Mad Money(excellent show, on from 6-7 on cnbc) that he would like SEC commision chairman, Federal Reserve chairman, and Treasury Secretary. not too much to ask right? i mean, he just wants to be in total command of the economy? i actually like that propisition. Jim Cramer should be in charge of all things economic. he's arguable the smartest person in the stock market, and he would easily do better than Ben Bernanke( Federal Reserve), and Chris Cox(SEC). Anyway, the thing is Jim wasn't kidding when he was saying he wanted to be in charge of everything. so therefore, he explained to the viewers how he could fix most of our issues in 4 days.

day 1) Fix the auto industry, which is going to need a bailout within the next year. he see's opportunity to help America while at the same time, making a SAFE loan, which will be better off in the long run.

day 2) He'll solve the energy crisis. BAM. that easy. the US has a surplus of Natural Gas which will last forever (long enough where its not an issue). no one talks about Natural Gas, honestly i dont know a lot about it. i believe its related to oil, but the US has even more of it than oil, and its cleaner than oil. We will be able to use natural gas and oil to create drilling jobs, and keep energy in the US and not have to use all kinds of crazy alternative energies which aren't ready to be fully implemented.

day 3) stop immigration deportation. Illegal immigrants cant buy homes right now, and if we legalized them, they would be able to buy up the overbuilt home markets. the issue is a supply and demand problem. we have more houses than people who want houses, thus prices go down. the overbuilt areas are the places immigrants tend to buy homes, and they almost never default so they're a safe loan. that would seriously help relieve the crisis.

day 4) Rest. After that hes pretty much God.

if you want to watch the video of him going more in depth you can see it here....
http://www.cnbc.com/id/27559642

Bwa

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