{"id":1112,"date":"2026-06-05T18:08:29","date_gmt":"2026-06-05T18:08:29","guid":{"rendered":"https:\/\/nextaddressamerica.com\/?p=1112"},"modified":"2026-06-05T18:08:29","modified_gmt":"2026-06-05T18:08:29","slug":"jim-cramer-calls-trump-official-to-his-face-for-ignoring-struggling-americans","status":"publish","type":"post","link":"https:\/\/nextaddressamerica.com\/?p=1112","title":{"rendered":"Jim Cramer calls Trump official to his face for ignoring ‘struggling Americans’"},"content":{"rendered":"
\n

Longtime financial pundit Jim Cramer is worried. While President Donald Trump and his allies applaud Friday\u2019s positive jobs report<\/u>, Cramer thinks they\u2019re not paying enough attention to the economic needs of \u201cstruggling Americans.\u201d<\/p>\n

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While the news that job numbers have increased by 172,000 is theoretically good, Cramer posted that he is \u201cconcerned that the administration is not sensitive to the huge number of people who are struggling because of gasoline and higher rates.\u201d<\/p>\n

He specifically called out National Economic Council Director Kevin Hassett, who had appeared on Cramer\u2019s CNBC show Friday morning, where the official seemed to suggest that the positive jobs report means the Fed should increase interest rates. Cramer did not like what he heard.<\/p>\n

\u201cKevin, I\u2019m a little surprised at you,\u201d Cramer replied<\/u>. \u201cYou sound like you\u2019re part of that group which says we have to have rate hikes, and that\u2019s a little disappointing. And I say it\u2019s disappointing because if you\u2019re listening to the Dollar General Call [\u2026] you\u2019re going to hear things that are quite different from what you say, which is there\u2019s a group of people in this country, if you listen to the people who make homes and try to sell them, a group of people in this country that are very disenfranchised.\u201d<\/p>\n

Hassett then tried to backpedal on his rate hike suggestion, but Cramer wasn\u2019t having it, taking issue with the official\u2019s assertion that \u201ceverybody\u2019s doing well.\u201d<\/p>\n

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\u201cWhat you\u2019re saying is that everybody\u2019s doing well,\u201d argued Cramer. \u201cThere\u2019s a considerable part of the people who are not doing well in this country, and they need the help of the Fed, and I\u2019m surprised that you\u2019re not addressing those people \u2014 the people who make less than forty thousand dollars in this country who need help, have seen SNAP benefits decline, who have the higher gasoline prices because of the war with Iran. What about them?\u201d<\/p>\n

While much of their debate spotlighted interest rates, as Cramer noted, focusing on what positive economic indicators there are also ignores gas prices, which have skyrocketed due to Trump\u2019s decision to launch war with Iran. While gas prices have come down<\/u> slightly from the peak in mid-May, they\u2019re still up by over 40 percent versus February.<\/p>\n

What\u2019s more, on Thursday, oil industry leaders warned Trump that prices are likely to increase significantly<\/u> over the coming weeks. In the U.S., the worst of the oil cost climbs have been staved off by digging into reserves, but those stockpiles are \u201cat dangerously low levels already\u201d and about to run dry. Complicating matters further, even if Trump were to secure a deal to end the war and open the Hormuz Strait tomorrow, it would still take months for production to ramp back up and bring costs back down. <\/p>\n

When Cramer pressed Hassett on these everyday issues hitting American pocketbooks, the latter could do little but resort to bluster. <\/p>\n

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\u201cWell, obviously, we care about everybody,\u201d Hassett claimed. <\/p>\n

\u201cOh?\u201d Cramer replied skeptically. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Longtime financial pundit Jim Cramer is worried. 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