This Day On The Street
Continue to site
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

Wanting It All; Slim Chance With Obamacare: Jim Cramer's Best Blogs

Bottom line: these companies are terrific and while their stocks may be expensive, they are better than just about everyone else at what they do and to bail from best of breed this easily seems a little glib and a lot fatuous and I'm just not going there.

At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, was long FB.

A Botched Opportunity for Obamacare

Posted at 1:39 p.m. EDT on Wednesday, Oct. 30

Look, I don't know who is at fault for this disaster of a Web site that's meant to be the portal to the crowning achievement of President Obama's administration, the Affordable Care Act. I don't know if Kathleen Sebelius, the secretary of Health and Human Services, is totally at fault, even as she told Congress today, "Hold me accountable."

Nevertheless, if that's the case, than how can you not fall on your sword and quit this very red-hot minute? To hold Sibelius accountable for this travesty is to fire her immediately. Even Michael Brown knew to resign from the Federal Emergency Management Agency, or FEMA, after he botched the federal government's handling of the Hurricane Katrina tragedy. We don't know if Brownie really resigned on his own accord or if he was pushed out by President Bush, but at least he vanished, and that's not a bad idea for Sebelius to at least mull over or perhaps act on.
[Read: <a target="blank" data-add-tracking="true" href=""><em>5 Tax Impacts of Obamacare</em></a>]

I don't know if CGI Group Inc. (GIB - Get Report), the gigantic Canadian concern that powered the Web site, knew what it was doing when it set up this ridiculous excuse for an interface between the government and its people. Nor do I want to blame Verizon (VZ - Get Report) for a big portion of the failure here, as Sebelius did today, implying that Verizon's hosting abilities were less than stellar. Verizon ... thrown right under the bus. Well done.

However, I can tell you how I would have done this, and made the president proud, given that this is his signature program, instead of giving the Republicans all the ammunition they need to wipe the program out in 2014. It's ironic, isn't it? The Republicans could have just said, "Look, this whole thing is going to fall on its own darned weight -- we don't need to protest now that it's passed." Had they done that, I think they would have been heroes to the American people.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,653.49 -97.42 -0.55%
S&P 500 2,051.82 -11.55 -0.56%
NASDAQ 4,728.7270 -34.4970 -0.72%

Our Tweets

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs