Tuesday, March 3, 2009
Democrat Harold Ford joins Jim Cramer on "Hardball" to scold Obama for failing economic policy shortcomings
dissing the stock markets and their supposed "gyrations."
Even more surprising, Harold Ford, former Democratic Congressman from Tennessee and current Chairman of the centrist Democratic Leadership Council (past chairs include Bill Clinton) gently but firmly criticized Obama's ambitious economic agenda for failing to boost the all-important confidence and "certainty" that consumers, businesses and markets. Ford pointed to a couple of smart ways that Obama's "stimulus" program or his proposed budget could provide effective incentives to bolster the crucial housing sector and get people spending again on big ticket items. He specifically endorsed substantial tax credits of up to $15,000 for new home buyers.
I always thought it was a real shame that Ford lost his Senate race in 2006, but fortunately, we still have his voice.
Watch the whole thing. Two out of three of these guys are died-in-the-wool Democrats and were enthusiastic Obama supporters in the campaign. But they know that something is going very wrong.
What are your thoughts? Post a comment.
Posted by J. E. Burke at 8:13 PM