CNBC’s Cramer says the president caused the steep market downturn by frightening the American people into believing we’re in a financial ditch. Of course Cramer was telling investors to buy when the Dow-Jones was around 12,000, and fellow CNBC’er, Kudlow, said the worst might be over back in the early stages of the market’s fall from grace. People in the investment sector and many others seem to have forgotten that the stock market was originally a reflection of how well-run industries and efficient companies contributed to the nation’s financial well being.

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