Jim Cramer: The U.S. Can't Function Until We Test Everybody

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Jim Cramer has some thoughts about getting the U.S. economy back up and running. 

He explains his thoughts on TheStreet Live.

Watch the full video above for more. 

Video Transcript:

Katherine Ross:
Now we may not be able to solve it scientifically just yet, but it seems that the UK is trying to come up with the solution economically. That is that they're considering an immunity passport, which sounds to me as if they would allow key workers who have been through the virus and have the antibodies and can prove that they have the antibodies to return back to work. Should this US administration start thinking about something like that?

Jim Cramer:
That is what they want to do, but they were bad at testing. They didn't know how to do the testing and then they had Roche and Thermo do a lot of testing, but the testing results went to Quest. The Atlantic Magazine showed you what happened when they did that. They were deluged, they didn't get it. That's why you had this like, "Hey, I haven't run my test yet. I haven't run my test yet." That was very ineffective. We just got this week, Abbott Labs, some hospitals are saying the Abbott's Labs five minute test isn't perfect...

Jim Cramer:
But it's a way. We have to test everybody. The only way to be able to make it so that we can get back to work is that everybody until we get a vaccine, is that everybody has to be tested. Nationwide testing. There should be at testing clinic on every corner. That's our hope, because there's a considerable number of people whom I think are able to go and become customers again. But not yet. I think until we test everybody, we're not going to be able to function. We won't function as an economy.

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