Jim "buy! buy! buy!" Cramer just became a bear

Is there nothing ObamaCare™ can't do? If it can turn frothing at the mouth uber-bull Jim Cramer instantly into a bear ominously whispering sweet nothings of "double dip" into our ears, we have truly witnessed a miracle. Perhaps Obama really is the messiah who can work miracles?

...I think you have to put the double-dip recession back on the table...

...Those who have read me here and watch "Mad Money" know that I was out there early thinking that 2010 would not produce a double-dip, despite ample commentary that it would. But if health care reform passes, I am going to revise my thinking -- and you know I think it will -- especially because immigrant amnesty will cause the health care system to be overloaded and our taxes to soar...

...the president will get a second wind. That means the whole agenda -- cap-and-trade, Card Check for easier organizing (...) and amnesty for immigrants who are currently not citizens -- will quickly come to pass, perhaps even before the election. To pay for these items I see a dramatic increase in ordinary tax rates and perhaps capital gains and dividend tax rates in 2011 either reaching or exceeding those ordinary income rates as this current version of the Democratic Party believes that only rich people own stocks....

posted by Purp at 03:13 AM

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