Hypocrisy in Congress is outrageous, infuriating

Trying to get a straight answer out of Republicans and Democrats is impossible these days.

By Jim Cramer Dec 12, 2012 10:09AM

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CorbisThe lack of sincerity in Washington, D.C., was palpable Tuesday. Over and over, I could not get a single elected official I spoke with, neither Republican nor Democrat, to give me even one idea for cutting spending right now. Not one.

 

I made tons of suggestions that could be implemented Wednesday.

 

Why do we have huge military bases in Japan and Europe? These are just leftovers from another era. There are whole defense projects that not even the Defense Department wants.

 

How about farm subsidies? Ethanol subsidies? Nope.

 

How about Medicare negotiating with drug companies? Nope. I heard from one poll that the drug companies might move elsewhere. Where? We are the only country that lets them gouge us. I heard that the drug companies wouldn't feel compelled to spend money to develop new drugs. I wanted to scream: Did you ever hear about patent cliffs?

 

Outrageous.

 

The Republicans were absolutely no better than the Democrats. In fact, they were worse. When I stipulated that I am not interested in talking about raising revenues because they say over and over that the issue is spending, they still talked about raising revenues. When I insisted that they talk about what they say they insisted on talking about, they wouldn't. They simply wouldn't.

 

I could never get away with that level of hypocrisy.

 

Ever.

 

Infuriating.

I came away thinking that there is nothing the Republicans won't do to be sure that the 2% don't pay more, including throw people out of work and make everyone else pay, which is what's going to happen if they don't compromise.

 

And the president? He has no serious plan to cut spending either -- but at least he is willing to give something that helps balance the budget (read on TheStreet).

 

I am going to repeat this so it is really clear: NO Republican offered me anything to cut spending in the near-term. Not one.

 

If you are serious about spending cuts, you have to be able to offer one.

 

My conclusion: Republicans aren't any more serious than Democrats are, but at least the Democrats are asking someone to help solve the deficit, the cohort that got the big break on taxes when things weren't so hot.

 

Cramer's face

 

 

Jim Cramer is a co-founder of TheStreet and contributes daily market commentary to the financial news network's sites. Follow his trades for Action Alerts PLUS, which Cramer co-manages as a charitable trust.

 

 

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109Comments
Dec 12, 2012 11:33AM
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Americans cannot handle responsibility of freedom.

 

Eric Fromm said about Nazi Germany that Germans were tired of their freedom. They wanted someone else to take care of them. If someone can make them feel good they are happy not to think. They got the leader they wanted and world paid the price.

 

We have gutless congress who do not want to pay their bill. We have President in WH who was never taught in Law School what leadership is all about. He thinks it is getting elected. He is coward who is unwilling to get his feet wet. He is gutless leader who is afraid to tangle one on one and find the way. In the battle field President will be dangerous man for the troop. He is dangerous man for us. Our misfortune or what we got what we asked for>

Dec 12, 2012 11:27AM
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YOU MULLETTS JUST KEEP VOTING THE SAME OLE CLOWNS BACK IN, DO YOU IDIOTS KNOW THE DEFINITION OF INSANITY??????
Dec 12, 2012 11:09AM
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Then why did you tout how great the liberals were and encourage folks to vote for the same group that were already there? Is this just buyers remorse or you attempting to have a discussion?  Not to rock your boat but i think you fit in very well with the DC mentality.  Moving left and right with the wind all the time having your own personal self interest as your beacon?  Yup you give us a lot of foolish nonsense to mull over.  JMHO.
Dec 12, 2012 11:04AM
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Jim:   I am surprised that YU are surprised. This is nothing new.
Dec 12, 2012 10:44AM
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yeah......sounds like politics as usual......  full of BS, with no substance nor ideas
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