“You can’t create jobs,” Cramer said during Thursday’s Stop Trading!, “when they’re busy tearing down business.”
The Mad Money host was referring to Washington’s priorities, or lack thereof. Cramer said the focus right now should be on job creation and not climate change, health care and corporate taxes, even though he recognized them as important issues.
For every job the White House may create, Cramer said, another would be lost to cap-and-trade legislation or health-care reform. But if jobs were the number-one priority and the other issues were put on hold, “you would net to the positive.”
Cramer went so far as to call Congress, led by Democratic Speaker Nancy Pelosi, “anti-business.”
“Their focus is so wrong,” Cramer said, and for that reason the Democrats are “going to lose in November” 2010.
Cramer also responded to news that the House extended an inheritance taxon estates bigger than $3.5 million, saying, “This is not a surprise.” But he pointed out a number of ways that people can pass on assets to their children, within the law, without suffering a huge tax burden. Watch the video for that.
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