NBC News Political Director Chuck Todd countered that Obama’s reputation for interfering in free markets had been greatly exaggerated.
Cramer’s response: “Image does matter. The belief that you’re not doing something harmful does matter. You don’t want to be named a fat cat. No one wants to be a fat cat in this country. It’s still one of the most terrible … you can’t be called a racist, you don’t want to be a fat cat.”
But while the President Obama’s reputation on Wall Street is very poor, the reputation of the conservative, reform-minded New Jersey governor is soaring, Cramer says.
“I can tell you that … every single guy on Wall Street is suddenly from New Jersey,” Cramer said. “Chris Christie could raise $500 million tomorrow … Yes, for president of the United States!”