Jim Cramer: Obama 'Standing in the Way' of Making Economy More Competitive

Image: Jim Cramer: Obama 'Standing in the Way' of Making Economy More Competitive

Sunday, 05 Jan 2014 12:07 PM

By Amy Woods

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Long-term unemployment insurance should be extended, and the minimum wage should be raised but not without measures that help place the jobless with the jobs, NBC's Jim Cramer said Sunday.

"Have to do it, not even an issue," the "Mad Money" host quipped on "Meet the Press" about the benefits. "You've got to put the Band-Aids on, but it doesn't address the…issue. These people need to be able to have food on the table, but the question is, 'How do we get these people to where the jobs are?' "

Cramer also harped on the administration for being less competitive in the global marketplace when it comes to corporate relocation.

"We have a government that stands in the way," he said.

Gene Sperling, director of the White House National Economic Council, disputed that claim, saying both A.T. Kearney and the Boston Consulting Group estimate the United States is more desirable than ever for companies doing business.

"We can increase that momentum by supporting the type of job creation the president has suggested," Sperling said. "Tell me, if we were to pass bipartisan immigration reform that would bring in more skilled workers…of course that would increase the attractiveness of job location in our country."

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