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 ObamacarePosted 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. (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.