News Busters

Kamala Better for Oil, Wall Street Than Biden

CNBC host Jim Cramer lavished praise on Vice President Kamala Harris, leaving his ideas on who she could be entirely unburdened by who she has been. 

On the June 22 edition of Squawk on the Street, Cramer lauded Harris as a “globalist” and more sophisticated than President Joe Biden. When CNBC co-anchor Carl Quintanilla tried to characterize Cramer’s remarks, Cramer agreed with his characterization that Harris’ ascent was a “net positive for the markets and for American business.” During the segment, Cramer astonishingly went on to indirectly boost Harris on energy policy, arguing, “Republicans are uniquely bad for oil.”

Cramer argued that the GOP drove down the price of oil by allowing excessive drilling. However, this claim completely ignored that the Biden administration aims to eliminate American oil and gas production by pushing…

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