Jim Cramer: "Card Check's Maybe the Most Important Issue Facing American Companies"
On this morning's "Morning Joe" on MSNBC, financial television personality and founder of TheStreet.com, Jim Cramer pronounced EFCA's "card check" provision to be "maybe the most important issue facing American companies right now." Cramer included some dire predictions for retail if EFCA becomes law:
If they get card check I gotta tell ya, I think Wal-Mart... cut in half. I think most of the department stores will suffer mightily. There’s a lot… even Costco just trying to do a middle ground card check…
Perhaps even more surprising was the extent to which the rest of the guests -- including Mike Barnicle and New York Times financial reporter Andrew Sorkin -- piled on. Here's the video:
More:
- "Jim Cramer: Mad Money and Card Check" -- TheTruthAboutEFCA.com
- "No Successful Unionized Companies?" -- Politico
- "The Sorkin List; Successful Unionized Companies" -- TPM
- Sorkin also followed up with TPM later...
