Jim Cramer Responds to White House

Jim Cramer of Mad Money on CNBC and commentator for TheStreet.com has written a response to White House criticism over his recent remarks about the Obama budget.  He claimed that the budget may be one of the greatest wealth destroyers of all time.  In his article, he writes that he agrees with virtually all of Obama’s policies, but thinks that they are too extreme right now:

But Obama has undeniably made things worse by creating an atmosphere of fear and panic rather than an atmosphere of calm and hope. He’s done it by pushing a huge amount of change at a very perilous moment, by seeking to demonize the entire banking system and by raising taxes for those making more than $250,000 at the exact time when we need them to spend and build new businesses, and by revoking deductions for funds to charity that help eliminate the excess supply of homes.

The story is still unfolding and it’s likely that we will hear more from Cramer on the budget.