The “Mad Money” host explained why he believes why the two bills could hurt the U.S. economy on Wednesday’s episode of the show. Sign up and learn more about the CNBC Investing Club with Jim Cramer
» Subscribe to CNBC TV:
» Subscribe to CNBC:
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30:
Connect with CNBC News Online
Get the latest news:
Follow CNBC on LinkedIn:
Follow CNBC News on Facebook:
Follow CNBC News on Twitter:
Follow CNBC News on Instagram:
#CNBC
#CNBCTV…(read more)
LEARN ABOUT: Investing During Inflation
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
IRA will not lower inflation because real problem is supply chain from China. China export about $500 billion to the US and not all are finished products. It effects about $2 trillion to the US economy a year using Chinese supplier. Now IRA is starting trade war with S Korea. Government involvement to inefficient companies will fail like in the past with the US shipping industry in 1980s unless US tax payers are willing to pay for their loss every year. US can't be efficient producing everything and that's why global trade is very important. US haven't had high inflation since China joined WTO and exporting cheap Chinese supplies to the US even during Internet bubble and Subprime mess time with FOMC printing more money. Now China is raising price to the world with pandemic shut down and trade war with the US.
I.F.A. (Inflation 'Reduction' Act) 101: http://www.youtube.com/watch?v=8C6oh9Z_ak8&ab_channel=Don%27tWalk%2CRun%21Productions
Is this guy really simping for the Fed?
The Inflation Reduction Act Scam wont reduce inflation but it will increase inflation and create 87,000 new arm IRS thugs to rob the middle class.
He is liar he’s not making money for people he is there making for him self , very greedy man
Educated immigrants is where we get the engineers for the CHIPS act
Jim Cramer’s rant put him on the map in 2007; almost 14 years later, it would be his Middle East colleague Hadley Gamble’s turn when she asked Vladimir Putin, “Has Russia been using energy as a weapon?”
Taking financial advice from Cramer is like asking Casey Anthony for parenting tips.
You can thank the lack of qualified educated workers on your Corporatist overlords who would rather yank fundage from public education and funnel it towards Private Schools, many of those run by Tax-Free churches that indoctrinate and groom future religious zealots that deny higher education. Greed is forcing our nation towards a contastrophy of ignorant masses. :O/-
Over half of it will go to Intel in Israel. Yet again, we gift them for human rights violations. :O/-
HomeOwners Assocoations (HOAs) are criminals who embezzle people's money and enrich themselves. They need the attention of IRS Agents.
So the bills that will make America the production center for the future of high and green technology over the next decade is a waste of money? The world is going to buy their future tech from the USA, and this sets the framework and provides the incentives for that future. It also provides the American taxpayer the means to get the technology for themselves at a good price.
they RAID trump as distraction so biden's controllers can pass the "inflation reduction act" is "get trump supporters act" hire n arm IRS $80 billion/yr bribe the republicans with 21% pay increase so they can attack trump supporters with the army of weaponized IRS just pure evil, while homeless are starving to death in tents. only cost Dubai $80 billion to build we can end homeless give them jobs n homes. evil people. trump supporters they are coming for u protect yourself.
My mission is simple, to loose you money!
Jim. Another good call. Congress don't know nothing about economy. We will pay the prices inflated.
Any member of Congress, from either party, that votes in favor of the "Bidens Inflation Reduction Act" needs to be VOTED OUT OF OFFICE in November!
This act calls for the hiring of 87,000 more IRS AGENTS/AUDITORS in an already bloated Federal Government!
Rest assured that these agents will NOT BE going after the real crooks… The Joe Biden Crime Family, Hunter, or the corrupt Clinton Global initiative, Politicians, Wealthy Donors, or the Politically connected.
These Agents will be going after the hard-working taxpaying citizens, the middle class, and the poor.
America needs to start taking action against the "THUGS" doing their best to destroy our country!
Subpoenas and Arrests are warranted towards the slime in the Government representing the deep state!
Even the Prez doesn't know what is in it…This is the best bill ever! Don't you think?
https://youtu.be/KJLUtBhuOCo
A crash and bullish market provides equal high-yield potential, it's all about information and strategy application, I've seen folks make huge 7figure profit in a crashing market and pull it off much easily in a bull market , Unequivocally the crash is getting somebody somewhere rich
The higher taxes will slow down the economy, just like rate hikes do. So that part of the bill is anti-inflationary. Also employment will go up in Green industries only which is a good thing assuming we don't want to live in a red hot uninhabitable planet.
Ya HHH boynoo boo who cares
Warren Buffett John Malone jimmy junior James Cramer craigslist here $$$
Nice throwback. The Fed is data driven looking backwards. While the stock market looks 6-9 months forward. Congress looks at now, very reactionary. Good for corporations, stimulus for the already wealthy; use those funds well.
You put fires out with more fuel right?
I tuned into Cramer for a few laughs at his nonsense. Was shocked to see that he actually correctly points out that Congress is blowing money like a drunken sailor. He's often wrong about a lot of things, but this one he is right.
despacable jim cramer is certinly a mush and coch brothers favorite and a republican. he should be thrown out of cnbc but cnbc seems to be just for republicans
the 2017 Wealthy Welfare Act is $2Trillion. Are those the trillions Wizard Cramer is talking about?
Ohhh, the 2007 crash was because of the Fed… not Behr Sterns, not AIG, not sub-prime mortgage party on Wall Street. Wizard Cramer's crystal ball is a little cloudy?
What was the response of Wizard Cramer to the 2017 Wall Street Social Welfare Act? Did that have affect on inflation? Is Wizard Cramer ok with 55 major corporations paying 0 tax of wayyyy-biggg profits? And what is Wizard Cramers take on 4X profits by XOM? Was he unhappy that XOM sold oil across the pond?
When it come to "democrat on the congress "
80 billion to the irs? What could go wrong? RIP America
Cramer is always wrong.
With interest rates low and inflation high I just borrowed the amount I was going save this year at 10.8% in March and just put into my brokerage. Then I put what I was going to save and transfer monthly into my brokerage I instead turned it into monthly payments on the loan. Guess I contributed to inflation as money loaned from the fractional reserve banking system creates new money also.
https://youtu.be/NkytKDzCEeU
Creamer was literally bullish on the housing market DAYS before the housing crash blame capitalism not the government this guy is a joke
Wow, very very American. Central banks creating money via QE have anything to do with all this inflation? Fed created 4.8 Trillion USD in 2020 and 21.
Inflation Reduction Act is great but it can't match Congress' best Act, the creation of the FED to guarantee inflation.
We have the lowest job participation rate in USA in 40 years. When the government doesn't have taxpayers, they steal money from middle and low income Americans through inflation and taxation- EXACTLY what's going on now. They will hire 80,000 new IRS agents who will be weaponized against conservatives and small businesses. This is why the founders put the second amendment in the constitution. Vote conservative in November to stop this madness.
Yeah because destroying competition and taxing people more always helps the economy