"Compromise is synonymous with government," said Cote, adding now is the time to be responsible and not reckless by playing politics.
Cote said some try to confuse the issue of the budget with that of taxing the wealthy, but the issue is far, far bigger than that. He said if you wanted to fix the budget by taxing the rich alone, you would have to tax the top two tiers 108% of their income to do it. Clearly, a comprehensive solution is needed.
Cote called on the "radical middle," those 70% of Americans not tied to the fringes of our political system, to come together and get this problem solved. If we don't, he said, eventually the problem will be solved for us with a crisis far bigger than even the one we have today.
Off the ChartsIn the "Off the Charts" segment, Cramer went head to head with colleague Bob Lang over the chart of Boeing (BA - Get Report), a stock which Cramer owns for his charitable trust,
No Huddle OffenseIn his "No Huddle Offense" segment, Cramer took a moment out to praise the management at Home Depot (HD - Get Report) and Dicks Sporting Goods (DKS - Get Report) for their remarkable earnings. Cramer said that Home Depot has provided investors with both consistency and humility and is now set to ride the waves of a recovering housing market and the rebuilding effort after Hurricane Sandy. As for Dicks, there too, management delivered for shareholders at a time when rivals like Cabella's (CAB) failed miserably. Cramer said the 5% pop in same store sales was remarkable during a time when many are not necessarily in the market for expensive sneakers or outdoor sporting gear. To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC. -- Written by Scott Rutt in Washington, D.C. To email Scott about this article, click here: Scott Rutt Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts