This post appeared earlier today on RealMoney. Click here for a free trial, and enjoy incisive commentary all day, every day.

Here's the wakeup call at last, the number that shows why oil is down so much and car and auto sales are so bad. This jobs loss is what happens when there is no credit because there are no homes sold and because there were rates too high for too long.

Image placeholder title

We are now going headlong into a recession, and this administration does not even attempt to create jobs. The stock market, because of the


-caused volatility, doesn't help. The credit markets are frozen because of the possibility of the money not being repaid.

It is all about employment.

Now, the question is whether the senator from


(TM) - Get Report



(HMC) - Get Report

-- Richard Shelby of Alabama -- will keep us from saving jobs in the auto industry. Will he shut down


(F) - Get Report



(GM) - Get Report



? And yes, he is that powerful.

We cannot afford the job loss here. Better to just make a deal with the laid-off workers to pay them a certain amount of money a month.

Yes, and we know the doom-and-gloomers are right. We know that those who talk about how once a recession is declared, we are already through a lot of the pain, are wrong. We know the stock market is broken and hazardous, even though I think

we will not eclipse the lows

from late November because of the makeup of the



But we sure are going to try. Because this number is a disaster, and even the Larry Kudlows are going to have a hard time explaining away this one.

Oh, and today, President-elect Obama should call for putting 2 million to 3 million to work. Today.

We cannot wait until he becomes president, and we know that President Bush doesn't know how and is way too uncreative to figure out how to do it.

At the time of publication, Cramer had no positions in the stocks mentioned.

Jim Cramer is co-founder and chairman of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. To order Cramer's newest book -- "Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer),"

click here. Click

here to order "Mad Money: Watch TV, Get Rich," click

here to order "Real Money: Sane Investing in an Insane World," click

here to get "You Got Screwed!" and click

here for Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he appreciates your feedback and invites you to send comments by

clicking here. has a revenue-sharing relationship with under which it receives a portion of the revenue from purchases by customers directed there from