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Apparently, you can apply for jobs in the Obama administration online. Now, on Wednesday night's show when Jim was offering advice for Obama's first hundred days, his first and most important proposal was that he be named SEC chairman, Treasury secretary and chairman of the Federal Reserve. You might have thought he was kidding when he said this. But you know what? On a lark, we're actually going to try and apply for these gigs online.
Jim said his greatest qualification for all three jobs was his massive inferiority complex – I totally buy that. But let's not forget his less frequently mentioned superiority complex either, another undeniable qualification for all three jobs. Oh, and 29 years of trading/investing/understanding the means of production, to take a Marxist view, by understanding companies, but that takes back seat to character in my opinion.
Jim already works countless jobs, and it doesn't look like being Fed chairman is such a hard gig. Bernanke would be an easy act to follow – unlike him, Jim certainly knows something. Other than restoring the uptick rule and treating naked short-selling like it's against the law (since it is), I'm not going to say anything about what I think Jim would do as SEC chair except that a lot of people would probably go to prison. He's a law-and-order kind of guy. Actually, as he's said on the show, he's more in favor of vigilante justice, but that's hard to do when you're talking about financial malfeasance.
As for Treasury secretary, I hear they're kicking around alleged genius Tim Geithner, president of the New York Federal Reserve, another guy who was instrumental in letting Lehman fail. What would the world look like with Jim Cramer in the cabinet?
Give Cramer the Treasury department and General Motors [GM
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] and Ford [F
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] will get the bailouts they need. And while I still think he'd merge Chrysler with GM, I don't think he'd let the private equity guys at Cerberus who own Chrysler make as much money. We'd have compressed natural gas for every car, a big win for Clean Energy Fuels [CLNE
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], not to mention natural gas companies like Chesapeake [CHK
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] and tons of work for the drillers – do I hear Nabors [NBR
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] calling?
You heard Jim's housing plan Wednesday night. If he gets the Treasury job, we could return to the liberal economic policy of the Richard Nixon era, and that's just what this country needs – Nixon Democrats!
Cliff Mason is the Senior Writer of CNBC's Mad Money w/Jim Cramer, and has been that program's primary writer, in cooperation with and under the supervision of Jim Cramer, since he began at CNBC as an intern during the summer of 2005. Mason was the author of a column at TheStreet.com during 2007, which he describes as "hilarious, if short-lived." He graduated from Harvard College in 2007. It was at Harvard that Mason learned to multi-task, mastering the art of seeming to pay attention to professors while writing scripts for Mad Money. Mason has co-written two books with Jim Cramer: Jim Cramer's Mad Money: Watch TV, Get Rich and Stay Mad For Life: Get Rich, Stay Rich (Make Your Kids Even Richer). He is 100% responsible for any parts of either book that you did not like.
Mason has also had a fruitful relationship with Jim Cramer as his nephew for the last 23 years and will hopefully continue to hold that position for many more as long as he doesn't do anything to get himself kicked out of the family.
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