Jim Cramer: wrong as usual
Posted on July 15th, 2008 by Editor
Cramer (5:47): “I’ve always favored higher taxes for the rich, including myself”.
Mathews: Where will the money come from to bail out Fannie and Freddie?
Cramer (6:36) “It’s called the printing press. … We have no choice, we gotta start printing left and right.”
Mathews: “am I talking to Robert Mugave here?”
So, Jim, how will high taxes and runaway inflation “save the economy”?