CNBC’s “Mad Money” host Jim Cramer told viewers Monday that if they care about the money in their pocket, they should support former President Trump.
“If you’re in the stock market, if you care about your paycheck, you go with Trump,” Cramer said. “That’s what you do.”
“Really?” asked his CNBC colleague David H. Faber.
“Yeah, well, he wants to cut your taxes,” Cramer responded, as Faber complained about Trump’s SALT tax cap affecting blue states.
Cramer’s comments came as the stock market took a big plunge on Monday, raising fears of a potential 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. The Dow and S&P 500 closed for their worst day since September 2022.
The CNBC host also offered praise for Vice President Kamala Harris, applauding her for bringing on her brother-in-law, Tony West, as a close adviser.
West is an attorney and served as solicitor general in the Obama administration.
Cramer said West is a “business person” and compared him to the few business people surrounding President Biden.
“There was no business person that close to Biden other than Gina Raimondo, so this is a nice change of pace, a lot of business people surrounding Harris,” he said.
Last week, President Biden claimed to have “cured the economy” when asked what his legacy would be.
“Mr. President, what would you like your legacy to be for General Z?” asked a reporter.
“That I cured the economy. And the environment. And a few other little things,” Biden replied.
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