CNBC’s Cramer Calls Liberal New York AG ‘Communist’

November 7th, 2007 5:47 PM

Leave it to resident CNBC loose cannon Jim Cramer to take it upon himself to call a spade a spade or a red a red.

Cramer, host of the CNBC’s “Mad Money” called liberal Democratic New York State Attorney General Andrew Cuomo as “communist” on CNBC’s November 7 “Street Signs.”

“[W]itness the fact that right now, the most important man in America for the stock market – the most important man and I mean it negatively is this guy Andrew Cuomo, the New York State Attorney General,” Cramer said. “I’m getting tired of the New York State Attorney General being the most important man in America.”

See YouTube video below.

Then Cramer went into full-scale attack mode by comparing Cuomo to his politicized predecessor Eliot Spitzer. “Cuomo’s about confiscation – genuine communist,” Cramer said. “The Chinese are capitalists, we got a communist.”

Cuomo announced November 7 he was expanding his probe into the mortgage industry by sending subpoenas to Freddie Mac (NYSE:FRE) and Fannie Mae (NYSE:FNM) and urging them to conduct a total review of all Washington Mutual Inc. (NYSE:WM) appraisals and mortgages they purchased.

“Why doesn’t he just destroy any opportunity we have to move the $1.25 trillion in houses that are just sitting on the market right now?”

Cramer intensified his critique of the Cuomo by questioning his motivations for this expanded probe.

“Can I give you the real headline?” Cramer said. “Cuomo says let’s make it harder to get a mortgage, let’s make it harder to lend. Is that really the intent of this Democrat who wants to be president of the universe?”

Cramer referred to him as “General Cuomo,” and “Street Signs” host Erin Burnett said CNBC had offered him an invitation to appear on CNBC, but he has thus far not accepted.

“Oh, he’ll come on in a second. He’s worse than [Connecticut Attorney General Richard] Blumenthal,” Cramer said. “He’d walk a mile for a camera.”