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Politicians Are a Losing Cause; Why Isn't the Market Up More?: Jim Cramer's Best Blogs

NEW YORK ( TheStreet) -- Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:
  • the huge governmental mishap and
  • reasons why the market hasn't gone up.

Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.

Politicians Are a Losing Cause

Posted at 2:38 p.m. EDT on Thursday, Oct. 17

Terrific, we get a reprieve from the government running out of money until Jan. 15. I feel better already.

Let's face it. The deal was a total disgrace for all sides. There turned out to be no point to it whatsoever. Nothing was gained. Much was lost. We are a laughing stock globally and it takes two to create a laughing stock, or, more accurately, three: the Democrats led by our president, the old-line Republicans led by John Boehner and the Tea Party rejectionists or patriots or whatever you want to call them, nominally led by Sen. Ted Cruz, but actually led by no one.

Nobody has clean hands. The rejectionists raised the cost of borrowing money for the U.S. government, perhaps permanently, in the name of lowering borrowing. I sympathize with any desire to cut taxes and cut spending, but you don't teach people a lesson by forcing them to break their word and we gave a promise to the nation's borrowers that we would make good on those bonds even if we hate doing so.

The old-line Republicans demonstrated a shocking inability to lead their party, once again embracing stances that are both anti-large business and anti-small business. These guys talk a huge game about the job creators and they hail the small business people, but have they ever talked to any?
[Read: <a target="blank" data-add-tracking="true" href=""><em>Jim Cramer: It's a Shame About Washington</em></a>]

If they did, they'd realize that they have become the enemy of big and small business people all over the country -- except for those who are so rich that they don't even care and just want to win at all costs.

Meanwhile, the Democrats were either totally hands off, like the president, or scornful and belligerent, like Sen. Harry Reid. They, too, talk a big game about trying to get more jobs created, but the way to get more jobs created is to stop the anger and the vitriol and to start making deals.

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Chart of I:DJI
DOW 17,741.66 +80.95 0.46%
S&P 500 2,055.63 +5.00 0.24%
NASDAQ 4,726.64 +9.5460 0.20%

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