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Cramer: Obama tax plan won’t hurt economy

By David Edwards
Monday, October 13, 2008 7:37 EDT
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NBC’s Matt Lauer asked if Barack Obama’s tax policy would damage the economy. Cramer said, “What we need is someone with sophistication. Whoever has the best economic team will do well. I think Charlie’s wrong there. I don’t think it’s tax. I think we’re trying to keep a great depression off the table. either guy is stuck with that. I don’t think any tax program is going to change it.”

In a column in New York Magazine, Cramer has effectively endorsed Obama. Cramer wrote, “And while any president will be an improvement over the current one, there is a growing belief on Wall Street that Barack Obama has the capacity to lead us out of this wilderness while John McCain does not. I’ll go a step further: Obama is a recession. McCain is a depression.”

This video is from NBC’s Today Show, broadcast October 13, 2008.



Download video via RawReplay.com

David Edwards
David Edwards
David Edwards has served as an editor at Raw Story since 2006. His work can also be found at Crooks & Liars, and he's also been published at The BRAD BLOG. He came to Raw Story after working as a network manager for the state of North Carolina and as as engineer developing enterprise resource planning software. Follow him on Twitter at @DavidEdwards.
 
 
 
 
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