Cramer started Monday’s Mad Mail with an “Outrage” against Treasury Secretary Henry Paulson for having the gall to say that “the fundamentals of our economy are sound” even though today the National Bureau of Economic Research stated that we’ve been in a recession since December 2007. And Federal Reserve Chairman Ben Bernanke is just as guilty.
“I’ve only seen this brutal combination of arrogance and ignorance one other time,” Cramer said, “when President Hoover was telling us the fundamentals were sound going right into the Depression.”
Of course, we’re not headed into a Great Depression right now, but things were dire for a while there. So how is that Paulson and Uncle Ben didn’t know? Watch the video for more of Cramer’s Outrage.
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