Jim Cramer Weighs In on Trump Choosing Icahn as Financial Regulation Adviser

Jim Cramer commented on President-elect Donald Trump's selection of Carl Icahn as an adviser on financial regulations.

"Someone who is at the top who can pick up the phone and say, 'No, I don't like that regulation,'" Cramer said. "It is a good thing, because there have been too many regulations without any look at economic impact. There have been environmental impact regulations, but there's been no economic impact. I think what you see developing under the Trump administration will be a system where, before regulations are put in, they will look at how much it is going to hurt. The gross domestic product will be factored in."