Jim Cramer: The Government Is Coming to the Rescue - TheStreet

Jim Cramer Says the Government Is Coming to the Rescue

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There are over 18.5 million cases of the coronavirus worldwide, with over 701,000 deaths.

The U.S. has 4.7 million cases with over 156,000 deaths.

According to the COVID-19 Tracking Project, there were 51,568 new cases reported Tuesday. 695,586 new tests were reported. And 1,176 deaths were reported yesterday.

.Congress is inching close to a new wave of support for the stalled U.S. economy, with White House officials vowing to work "around the clock" with Democrats in order to bridge the gap between their $3.2 trillion proposal and the Republican's $1 trillion counter-offer.

Democratic Senate leader Chuck Schumer asked reporters yesterday, who hinted at a conclusion to the talks before the end of next week "Do we believe that we can get the kind of bold, strong bill that America needs...We do."

More From Cramer Wednesday: What Stimulus Means for Jobs Report 

San Francisco Fed President Mary Daly says the pandemic will be "longer and more vigorous" than expected, and the domestic economy will need added support until it fully recovers. 

"Sometimes I can't take how stupidly bullish the market can be. So often, when the market goes up when it shouldn't, people say that the whole darned thing is manipulated, maybe by an all-seeing president who is up for election or by a desperate Fed, who is printing money to keep the markets from going down," Jim Cramer wrote in his Real Money column this morning. 

So, what does Cramer think about the state of the economy?

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

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