Cramer is mercurial, to say the least. In late 2001 or early 2002, he and Kudlow were praising Bush to high heavens when they shared the same show. Kudlow I could understand, but Cramer was just riding on his popularity coatails.
Cramer has seen the DJIA and S&P, etc., crater due to lack of confidence.
A lot of people are pulling their money out of their 401K and IRA’s and converting it to cash, savings of Money Market accounts, which may appear (by gross analysis) as “savings”, since they are out of equities (stock).
I watched O’Reilly for few minutes on the 11 oclock replay, as he was interviewing Neil Cavuto. Cavuto made the point that Obama is all over the map, instead of “focusing” on the financial crisis of the banks, etc.
Flipping the channels around, I caught Andersons Cooper (now in 360!) saying that solving the Health Care Crisis! was important in solving the larger financial crisis.

Different narratives for different folks. I guess.

Catching a few minutes of insanity on MSNBC, the attack on Bush and members of his administration continues with Rachel Madcow and O!lbermann.
Prediction: Obama and friends will not be able to resist the opportunity to create a circus this summer (maybe earlier if they get their focusing done) in going after the Bush Administration on various “crimes”, no doubt connected to the Iraq War, Black Water, Halliburton and such. Diversions everywhere, while Wall Street will continue to flounder.