On CNBC's "Cramer's First Take", financial pundit Jim Cramer was asked to explain a tweet he posted on Wednesday, March 8. His elaboration led to a hot take about what Cramer believes is a solution to inflation.
According to Cramer, the key to controlling inflation is controlling bailouts.
"I mean, Bed Bath [and Beyond] (BBBY) does a deal. WeWork does a deal, nobody goes under!" he proclaimed.
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"Senator [Elizabeth] Warren is right, we don't want to be rooting for people to lose their job[s]. But we have to get inflation under control. And it's very difficult as long as you still have all these marginal companies being bailed out endlessly," Cramer continued.
Cramer is referring to Senator Warren's appeal to Federal Reserve Chair Jerome Powell regarding the Fed's projections of a sharp rise in unemployment should interest rates continue to rise. Warren pointed to a few outside factors preventing the Fed's control of inflation, including supply chain issues and the war in Ukraine.
Cramer believes that bailouts should also be on that list of factors, and that job losses are an unfortunate inevitability of mid-level companies going under.
"Again, I don't wish anyone lose their job," he reiterated. "But they have to in order to get this thing under control.”
