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Cramer: Romney-Ryan a ‘Non-Event’ for Stocks

Monday, 13 Aug 2012 | 7:09 PM ET
CNBC

Mitt Romney ’s selection of Wisconsin Congressman Paul Ryan as a running mate won’t make a lick of difference for stocks, “ Mad Money ” host Jim Cramer said Monday.

“I am always willing to find the financial angle to the political, but this choice is about the theoretical nature of our budget deficit. and, rightly or wrongly, the people do not seem to care about the skyrocketing deficit and how to rein it in,” he said. (

Cramer: Romney-Ryan a 'Non-Event' for Stocks
Mad Money host Jim Cramer weighs in on whether Romney's VP decision will affect your portfolios.

rong>Related: Pawlenty Rejects Reports of Romney-Ryan Rift

)

Cramer said he found it “disturbing” that both Romney and President Obama have demonstrated a “lack of focus on growth as a way to reduce the budget deficit.” (Related: Paul Ryan in His Own Words )

He also called out the candidates for not pushing the idea of “a massive refinancing” of U.S. debt. (Related: Romney-Ryan: No Good for Stocks )

rong>Related: Pawlenty Rejects Reports of Romney-Ryan Rift

)

Cramer said he found it “disturbing” that both Romney and President Obama have demonstrated a “lack of focus on growth as a way to reduce the budget deficit.” (Related: Paul Ryan in His Own Words )

But as far as Romney’s selection of a veep candidate goes, it’s a “non-event” for portfolios, Cramer said.

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