CNBC’s “Mad Money” host Jim Cramer told his viewers on Monday that if they care about the money in their pockets, they should support former President Trump.
“If you’re investing in the stock market, if you care about your paycheck, you should pick Trump,” Cramer said. “You should.”
“Do you think so?” asked CNBC host David H. Faber.
“Oh, well, he wants to cut taxes,” Cramer responded, while Farber complained that Trump’s SALT tax cap was impacting Democratic-leaning states.
Cramer’s comments came as the stock market plunged on Monday and worries grew about a possible economic recession.
The Dow Jones Industrial Average fell 1,033.99 points, or 2.6%, while the Nasdaq Composite and S&P 500 fell 3.43% and 3%, respectively. Both the Dow Jones Industrial Average and the S&P 500 ended their worst days of trading since September 2022.
The CNBC host also praised Vice President Kamala Harris and her decision to bring her brother-in-law, Tony West, into her inner circle.
West is a lawyer and served as Deputy Attorney General in the Obama administration.
Cramer said West is a “businessman,” contrasting him with the few businessmen surrounding President Biden.
“With the exception of Gina Raimondo, there weren’t any business people really close to Biden, so it’s a nice change of pace to have Harris with a lot of business people around her,” he said.
Asked last week what he had done to deserve credit, President Biden claimed he had “fixed the economy.”
“Mr. President, what legacy do you want to leave for Generation Z?” a reporter asked.
“We fixed the economy. And the environment. And a few other little things,” Biden responded.
