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

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
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."

© 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:
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
Top Stories
You May Also Like

Reagan Astrologer, Joan Quigley, Dies at 87

Saturday, 25 Oct 2014 00:11 AM

Joan Quigley, the astrologer who helped determine President Ronald Reagan's schedule and claimed to have convinced him t . . .

Mali's First Ebola Case, A 2-Year-Old Girl, Dies

Friday, 24 Oct 2014 23:08 PM

A two-year-old girl who was Mali's first case of Ebola died on Friday, shortly after the World Health Organization warne . . .

US General: North Korea Closer to Building Nuclear Weapon

Friday, 24 Oct 2014 22:53 PM

Gen. Curtis Scaparrotti, commander of U.S. forces on the Korean Peninsula, said Friday that North Korea is moving closer . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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