Jim Cramer offering advice on "Obama-proof" stocks

The CNBC host is offering advice for investors who want to avoid getting hurt by "Bolshevik-leaning" Democrats, but are his suggestions any good?


Alex Koppelman
March 3, 2009 10:05PM (UTC)

Via the Washington Independent's David Weigel, I see that CNBC's Jim Cramer is now promoting his advice by saying that he'll tell investors how to "Obama-proof" their portfolios.

Cramer's pitch:

Government of, by, and for the corporation is perishing from the Earth ... our country is now run by a president and a Bolshevik-leaning Democratic Party that are unfavorable to stocks and the people who own them.

There are, of course, all sorts of issues with this rhetoric. First of all, Democrats are hardly Bolshevists. And while this angle might appeal to some people who are already Cramer viewers, it's unlikely to lure in new audience members. Finally, as Weigel points out, Cramer's advice is hardly perfect -- he recommended Bear Stearns just before its collapse, and one of his "Obama-proof" picks declined by 8 percent on Monday.

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Alex Koppelman

Alex Koppelman is a staff writer for Salon.

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