Jim Cramer has some thoughts about the markets as the Dow is on pace for its worst day since 1987.
He broke down a financial plan that he's come up with for the federal government to help handle the economic ramifications of the coronavirus.
"Again, they can issue as many bonds as they want. So let's just suspend any payments to the federal government so you have that money to be able to do the things that are necessary. Now, will there be people who say, "Jim, there's a terrible moral hazard if you do that."? Well, you know what? I heard that in 2007 and told almost every bank was wiped out. That was turned out to be something that was really to the detriment of our great republic and the working people. Also already immediately heard that the Federal Reserve, and I heard this through Steve Liesman, can't do this. Well again, I used to hear that. Remember how long they said they couldn't do it, they couldn't do it, then they couldn't do it? And then they did it. All right? So what we want to do is we want short circuit that and move up," said Cramer.
Watch the full video above for more.
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