Cramer: We May Go Over The Cliff
Debra Borchardt: So, they are worried more about reputation than good governance.
Jim Cramer: Oh yeah. For them, look, you took a pledge. I kind of really understand where they are. They took a pledge not to raise taxes. They don't regard the president's reelection as a referendum on higher taxes. They regard it as a referendum on maybe the social issues or why the republican candidate was not attractive, but they all feel like...the ones who took the Grover Norquist pledge, they feel that they ran on the prospect of no new taxes. So, it would be ...rising above for them in the way that it would be for the pin I wear, is a real betrayal to the people who elected them. I think they're more concerned about betraying their electorate than they are about some higher calling that they don't regard as being higher. That's the crux.
Debra Borchardt: All right.
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