Bad Timing, Mr. President

Any news about money and finance that comes out on a Friday at 9 p.m. is bad news and you get it then because the bearer of bad news is doing his best to have you miss it. That's ingrained in anyone who has owned a stock of a company that has a sudden loss or a key resignation or an accounting problem.

No one must have told the president about the rules. Otherwise we probably wouldn't have been so shocked and disgusted with the import duties on Chinese tires. Chinese tires! Now? Now? You have to be kidding me? Cave into the unions, now? For what? To make it so we have a trade war with our chief owner, the Chinese? Oops, I meant chief bond owner.

We just saw this kind of unsophisticated, bumbling down the wrong highway driving with health care. And now, the Chinese. A trade war?

Look, everyone in government knows that the most sensitive trade relationship in the world is U.S./China. We have proven to be inept at stimulating our economy, but the Chinese so successfully stimulated so much of our industrial economy that they should send us a bill.

Instead we send them a shot across the bow. We need the Chinese market to sell goods into. It is going to be our most important market for years and years, for companies such as PepsiCo (PEP - commentary - Trade Now), Procter & Gamble (PG - commentary - Trade Now), Qualcomm (QCOM - commentary - Trade Now) and Apple (AAPL - commentary - Trade Now). It's a real simple idea and anyone who follows the stock pages could have told the president this.

But we have to sacrifice the many for the few, the vestigial industrial unions.

You know what? We should sell off. We deserve to.

And it doesn't help that the president's coming to Wall Street because we now view Obama as a meddler in places he doesn't know all that much about. Will he give us the "now is not the time for profits" speech? Will he call a recovering Wall Street an unregulated cesspool still one year after Lehman?

ALL JIM CRAMER BLOG ENTRIES | POST A COMMENT | READ COMMENTS  

---

Jim Cramer is co-founder and chairman of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. To order Cramer's newest book -- "Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)," click here. Click here to order "Mad Money: Watch TV, Get Rich," click here to order "Real Money: Sane Investing in an Insane World," click here to get "You Got Screwed!" and click here for Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he appreciates your feedback and invites you to send comments by clicking here.

TheStreet.com has a revenue-sharing relationship with Amazon.com under which it receives a portion of the revenue from Amazon.com purchases by customers directed there from TheStreet.com.