Jim Cramer
CNBC’s Jim Cramer, who is virtually wrong about everything, went on a tirade against President Trump on Monday night.
Cramer absurdly claimed people are worried about inflation for the first time since Jimmy Carter because of President Trump’s tariffs.
Where was Cramer the last four years? Bidenflation was (and still is) absolutely brutalizing Americans.
We have declining inflation, except the president’s putting on inflationary tariffs.
We have incredibly low unemployment, except where it’s caused by the Trump administration.
We have a market that was doing extremely well last year, until the Trump Administration sowed the level of uncertainty that I can’t recall any time since — Are you ready, Ski Daddy? — Jimmy Carter.
Which is the last time people were really worried about inflation, about stagflation, okay? Back then, stagflation was real.
Now, Jimmy Carter, curious benchmark, break out the cardigan sweater. I know it’s a brutal comparison. You think I did it idly?
I cannot think of another president in my lifetime who could knock down the stock market simply by opening his mouth than Jimmy Carter. Eureka! I have found him!
So let’s look at it this way: Everything about this economy is good. Everything, everything, except one thing. We have a president who’s very angry at everyone, except Vladimir Putin. Oh, no, maybe even Vladimir Putin.
And his wrath has made investors so downcast and so negative that people have just given up. They want nothing to do with stocks, nothing to with this world, because they’re sure the White House will keep laying on the tariffs that seem to be wiping out your wealth and my wealth.
In this environment, it’s a wonder anyone’s buying anything, unless they think that the one person who’s standing in the way of a great economy. One that could have incredible growth with lowered inflation, lower oil prices, less regulation, more confidence, will finally change the stripes.
If Trump can lose the anger, drop the scowl, stop diminishing our friends and rivals while making common cause with our enemies, and generally start acting like he did in his first term, well, that would be huge for the stock market!
As far as the stock markets are concerned, though, we need less Jimmy Carter, more Ronald Reagan. Bottom line, maybe Wednesday isn’t de-liberation day.
It’s just the day when American investors may be finally liberated from the president’s not-so-pro-business attitude, once he gets the tariffs out of the way.
Video:
CNBC’s Jim Cramer Goes Nuclear on Trump Over Stock Market — Hits Him With Worst Trump Insult Possible https://t.co/Kj8sLDkUq9 via @mediaite pic.twitter.com/yGLKW4UySF
— Tommy moderna-vaX-Topher (@tommyxtopher) April 1, 2025
Does anyone still listen to Jim Cramer?
Recall that Jim Cramer urged investors to buy Silicon Valley Bank stock $SIVB in early 2023, saying it was “cheap” and had “room to run” – a month later, SVB was shut down by regulators in the biggest bank failure since the 2008 liquidity crisis.
California regulators shut down the bank, and the FDIC took over right after Jim Cramer urged investors to purchase SVB stock.
One month ago, Jim Cramer urged investors to buy Silicon Valley Bank stock $SIVB, saying it was “still cheap” and has “room to run.”
The stock’s value has since dropped by 66% following concerns that the bank is on the brink of collapsing. pic.twitter.com/5jgjqTGxld
— Watcher.Guru (@WatcherGuru) March 10, 2023
This isn’t the first time Cramer led investors off a cliff.
Jim Cramer enthusiastically encouraged investors to keep their money in Bear Stearns shortly before two of its highly leveraged hedge funds collapsed and it needed to be bailed out during the 2008 liquidity crisis.
“Bear Stearns is fine! Do not take your money out!” Cramer shouted on his “Mad Money” show on March 11, 2008. “Bear Stearns is not in trouble!”
Less than a week later Bear was bailed out for $2 per share.
WATCH:
Video and partial transcription courtesy of Mediaite
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