Open in App
  • Local
  • U.S.
  • Election
  • Politics
  • Sports
  • Lifestyle
  • Education
  • Real Estate
  • Newsletter
  • The Independent

    CNBC’s Jim Cramer faces backlash for telling viewers who care about their paycheck to ‘go with Trump’

    By Kelly Rissman,

    2024-08-06

    https://img.particlenews.com/image.php?url=279YVZ_0upVL2o100

    After news of a plummeting stock market Monday, a CNBC host encouraged Americans to vote for Donald Trump for a better financial future - a comment that drew immediate outrage online.

    With the backdrop of Monday’s losses stoking fears of a recession, “Mad Money” host Jim Cramer said on Monday’s “Squawk on the Street”: “If you care about your paycheck, you go with Trump . That’s what you do.”

    “You do?,” CNBC host David Faber replied.

    “Yeah, well, he wants to cut your taxes,” Cramer said.

    “My taxes? No, my taxes got raised enormously, as you know, under the last Trump administration,” Faber retorted, adding that he lives in a “blue state.”

    Social media users promptly took issue with Cramer’s comments — and roasted Cramer himself. Some even took his message as a call to vote for Vice President Kamala Harris in November.

    “If you know anything about Jim Cramer then you know that the best bet is to do the opposite of what he says,” one X account wrote .

    “Haven’t we learned by now to do the opposite of what Cramer tells Cramerica?” one user said .

    “Welp I’m voting Kamala now because this guy is always wrong,” yet another remarked .

    “Unfortunately, we had bad news in the Trump campaign today. Jim Cramer endorsed Donald Trump. This might have won the election for Kamala,” another account opined .

    Even one X user, who expressed support for Trump, admitted usually dismissing Cramer’s advice: “Every American should be endorsing President Trump. Jim Cramer has gotten a lot of things wrong. But he’s finally right here.”

    Another succinctly wrote : “DT is jinxed now, for sure.”

    Cramer should be no stranger to claims that he is great predictor of the inverse. New York Magazine wrote an article last year about the TV personality titled: “Jim Cramer and the Art of Being Wrong.” The common wisdom online over time has become, according to the magazine: “If Cramer loves it, run away. If he hates it, double down.”

    He even has an exchange-traded fund named after him — the Inverse Cramer ETF , which boasts the ticker symbol SJIM.

    Expand All
    Comments / 2K
    Add a Comment
    Manny Galvan
    29d ago
    Trump already proved that he knew how to have a good economy by running our government like a business! Biden-Harris destroyed our economy out of pure spite, stupidity and contempt for Trump! If she wins in November she’ll continue the same failed policies to finish the destruction of Capitalism and Democracy! Welcome to Communism that was started by the Obama Administration! 🙏🏻🇺🇸🙏🏻
    Chris Lindsley
    08-31
    he is right. Trump election = fatter wallets for middle class.
    View all comments
    YOU MAY ALSO LIKE
    Local News newsLocal News
    Robert Russell Shaneyfelt12 days ago

    Comments / 0