ETN News & Analysis
Cramer: Washington Squabbles Hurting Growth
24 Jul 2012 EDT - CNBC.com
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Politicians are actually the ones standing in the way of real economic growth, “ Mad Money ” host Jim Cramer said Tuesday.
“It’s almost as if the whole world has turned communist and the last thing the pols want to think about is the possibility that business may be hurt by their policies,” he said. “And you know what makes this state of affairs even more ridiculous? Only the corporations can get the world’s governments out of the hole they’ve dug for themselves.”
Cramer noted that the United States has racked up debt for such things as “confused wars” to “universal healthcare,” things that he argued can’t be repaid simply by cutting spending or raising taxes.
(Read More: Cramer's 4 Earnings to Watch Wednesday)
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* DATA DELAYED AT LEAST 15 MINUTES