I am furious about all of this, because of all the bone-headed things I have seen Congress do, the giveaways for the farmers, the foreign aid to Iraq and so many other places, the hundreds of billions spent for weapons systems that the generals and admirals don’t even want and the money spent on FNM and FRE and AIG, this was the one plan that might have been a real win for the American people.
And now it is gone.
And trillions will now be lost in the credit markets, the stock market and in housing net worth. Maybe the purists and puritans believe that this is right. But for everyone who has ever saved a dime and worked hard and invested in a home or a stock, this is a disaster of unimaginable proportions that it will take as long as the Great Depression did for us to get over.” —Jim Cramer on RealMoney.com: This Defeat Hurts Us All behind the paywall, but he’s probably saying the same thing on TV