Hardball: Cramer Says The Economy Is Bad And DC Won't Admit It

By Nicole Belle — January 18, 2008

Chris Matthews brings on Mad Money's Jim Cramer to rant on about the state of the economy, the ridiculousness of Bush's proposed stimulus plan and why the politicos in DC (both in the administration and on the campaign trail) are missing the looming crisis in a big way.

MATTHEWS: Well, why do they act like…just so everyone understands, why you’re so excited and why I obviously agree with you is that they believe somehow that if everybody buys a new pair of sneakers for their kids—where the kids does need a new pair of sneakers, I’m all for that—but does anybody believe that’s going to cause an economic bonanza that’s going to reverse the business cycle?

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