Jim Cramer: Wall Street Wants Christie for President

Thursday, 12 Aug 2010 12:44 PM

By David A. Patten

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
CNBC "Mad Money" host Jim Cramer says Wall Street has a new dream candidate for president in 2012: New Jersey Gov. Chris Christie.

Appearing on MSNBC'S Morning Joe program on Thursday, Cramer said Wall Street executives embarrassed by the president's anti-business rhetoric aren't accustomed to facing the public spotlight.

NBC News Political Director Chuck Todd countered that Obama's reputation for interfering in free markets had been greatly exaggerated.

Cramer's response: "Image does matter. The belief that you're not doing something harmful does matter. You don't want to be named a fat cat. No one wants to be a fat cat in this country. It's still one of the most terrible … you can't be called a racist, you don't want to be a fat cat."

But while the President Obama's reputation on Wall Street is very poor, the reputation of the conservative, reform-minded New Jersey governor is soaring, Cramer says.

"I can tell you that … every single guy on Wall Street is suddenly from New Jersey," Cramer said. "Chris Christie could raise $500 million tomorrow … Yes, for president of the United States!"

Host Joe Scarborough agreed that frustration with the Obama administration is palpable on Wall Street.

"People on Wall Street have been embarrassed to be associated with the Republican Party for a long time," he said. "They think they're anti-intellectual, they think they're based in the South, they think they demagogic.

"Now, I have so many people coming up to me on Wall Street with so much money saying, 'I've never voted Democratic before, please find me a Republican I can write a huge check to."

The Wall Street Journal reported Wednesday that Wall Street's political contributions have shifted from 70 percent Democratic in March 2009 to nearly 70 percent Republican as of June 2010.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Mali's Islamists Withdraw Cease-Fire Pledge

Friday, 04 Jan 2013 13:06 PM

Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they we . . .

Fmr. CIA Director Hayden: Iran Nuclear Crisis Gets 'Scarier'

Tuesday, 17 Jul 2012 18:11 PM

 . . .

Join Fmr. CIA Director for Special Iran Briefing, Assess the Danger

Friday, 13 Jul 2012 12:27 PM

 . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved