Even Cramer is All Aboard

Jim Cramer just said it too. Obama's "leadership" regarding the "stimulus" "package" has been a "complete disappointment". He came right out and said that Pelosi and Reid have "rolled" him. He admitted that the legislation brewing in Congress is nothing but a pork-filled fiasco. Cramer's pronouncement from his 3PM (PST) perch at CNBC WHQ is significant for two reasons off the top of my head: (1) his word carries a lot of weight with not only viewers, but on the Street as well; (2) he is a self-identified Democrat (though I suspect one of your grandfather's variety) who has been trying to give President Hope-a-Dope the benefit of the doubt. It's just become too clear that he's so in love with himself he can't comprehend the idea that everyone else won't be as in love with the sound of his voice as he is. Certainly not the lot of professional gangsters running Congress.
On a related note, I am coming to the belief that this economy may be stabilizing and therefore the "stimulus", in the form in which it will likely pass, may be counter-productive. I think the biggest break President Hope-a-Dope could get would be for the thing to be junked and then pared down very substantially. I have reached this belief based on the immense growth in M2 the past few months, with resulting firming in commodity prices now taking hold, as well as some other indicators (including all credit spreads) suggesting stabilization. In short, appetite for risk is returning. Let's not squelch it with, as Hugh Hewitt calls it, a "porkapalooza" of a spending bill that mainly pays off big government interests and loyalists. Alas, I am not holding my breath.