Stop Trading!
Cramer's 'Stop Trading!': Schwab's a Winner
TheStreet.com Staff
01/29/09 - 03:28 PM EST
President Obama's stimulus plan "is just the flipside of what Bush gave us--actually, not even as good," said Jim Cramer on Thursday's "Stop Trading!" segment on CNBC. "There's really nothing there. It doesn't put anyone to work, and it doesn't build any bridges, and it doesn't fix the bank situation."
Cramer said that what Obama needs to do is to take on House Speaker Nancy Pelosi and Sen. Harry Reid. "He's got to attack his own party."
Switching gears, Cramer called Charles Schwab(SCHW Quote) a "long-term winner here." "They were very downbeat," he said, "and I understand that, but this is a place that's a repository of a lot of people's savings." He said the stock is down more than it should be.