This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Jim Cramer's Best Blogs

Stocks in this article: MMMWMTMONHPQ

I understand the accusations from partisan people, those who have an agenda to boot Obama and elect Romney. They feel robbed of one of their best talking points, that the employment rate has stayed stubbornly over 8%. But to attack those who simply accept the number and don't off-handedly imply that it can't be trusted? That's wrong, it's unfair, and frankly, it's outrageous.

To be sure, I don't like how the Labor Department number is put together. I think the whole process should be given to a Paychex (PAYX)or to an Automatic Data Processing (ADP) , companies that know how to do this better than anyone, perhaps with assistance from SAP (SAP) or Tibco Software (TIBX), both of which are able to calculate data much faster and more efficiently than the Labor Department.

In fact, I look at the Labor Department the way I looked at the replacement referees in the NFL -- they were terrible, but they were non-partisan. They were equal opportunity mistake-makers.

But to lump me in as an Obama supporter because I take these numbers at face value the way I did under the Republicans for the previous eight years? How can that be?

I think the discourse and the ad hominem attacks on me have gotten out of hand, like the criticism I received for my interview of the Labor Secretary, Hilda Solis. Somehow it was considered softball of me that all I did was ask why she isn't following up on Governor Romney's idea that if we were to try to become North American energy self-sufficient, instead of being so concerned with going green, we might create 4 million more jobs.

Look, what's good is good, no matter who is in office. These numbers were good. There's not much more to it, and anyone who says I am being partisan for that judgment is just plain wrong.

What a shame that things have gone so awry in this country that the charge can even be made, let alone made by people I respect. Or perhaps I should say people I once respected.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
DOW 17,195.42 +221.11 1.30%
S&P 500 0.00 -2.75 -0.14%
NASDAQ 4,566.1380 +16.9120 0.37%

Our Tweets

Brokerage Partners

Top Rated Stocks Top Rated Funds Top Rated ETFs