Roubini vs. Cramer: Who's Right?

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Nouriel Roubini versus Jim Cramer?
That's like asking who would win in a fight: a super-advanced extra terrestrial or a dead amoeba.

Indict Cramer of CA 7:13AM April 10, 2009

I think we have seen the bottom. I'm not saying there won't be ups and downs as we ride the waves of volatility but the ship has stopped sinking for the most part. The credit market is improving that is one of the first signs, The bad mortgage issue is slowly being shored up, and the stimulis is pumping money into projects and employing people. Unemployment is still going up but the rates have slowed. I'm going with Jim Cramer on this. With the market off it's lows last month I think things are looking a bit more positive.

Cody of ND 7:33PM April 09, 2009

you must still be mentally in Kansas.
Businesses DO NOT hire even one person more than they need just because they get a tax cut. They never have. It's the opposite.
What high end tax cuts actually do is create an incentive for more jobs to be eliminated to increase the bottom line BECAUSE THE BOTTOM LINE IS NOW TAXED LOWER.
I stopped believing the Chamber of Commerce stuff about 20 years ago (after being a corporate accountant for a couple of decades). You should give that stuff up too.

Muser of NM 4:07PM April 08, 2009

Actually, tax cuts for the people who already pay most of the taxes would have a huge stimulative result. Most small businesses that actually hire people are in that tax bracket, and tax cuts would allow them to hire more people.

Dorothy of CO 3:39PM April 08, 2009

then #2 above would come true sooner. Nothing like the urgency of a good ole recession to spur some more high end tax cuts for the rich to use to bid the values of financial assets back upward----while the low end unemployment would get worse and worse.
But we DO NOT have Republicans in charge.
So the "familiar" economic dynamic is probably off the mark this time.

Muser of NM 12:58PM April 08, 2009