Cramer Quick Take: Elections Trump Fiscal Cliff

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NEW YORK (TheStreet) -- Which is more important to the markets, the November elections or the looming "fiscal cliff"? Jim Cramer told Debra Borchardt at TheStreet.com Wednesday that he's betting it's the elections.

Cramer said that every area of the world has its problems, whether its China, Japan, Brazil, India or Europe. But here in the U.S., our problems are man-made and the lesser of all evils. All it would take to fix our problems is political will, said Cramer, which is why he's not adjusting his portfolio because of it.

The elections, on the other hand, are another story, said Cramer, as the chance of a Democratic sweep is very likely. He said that in that case, dividend stocks are likely to suffer since Democrats are not in favor of low capital-gains taxes.

In the end, however, Cramer said the markets just want certainty, which is why 2013 should shape up to be a better year than 2012.

Watch the full Cramer interview here.

--Written by Scott Rutt in Washington, D.C.

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At the time of publication, Cramer's Action Alerts PLUS had no position in the stocks mentioned.

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