I really think no one should take Cramer for anything more than entertainment value. Occasionally he does make insightful remarks, but I'd hate to see what the ROI would be basing your investment strategies on his show... yikes! For the most part he is shill for the listed corporations and hedgies first, and a honest adviser for the retail trader second.
If the objective is supply a short term solution solution to stabalize market and bail out the financials with total disregard to the compounded future cost, then yes, he gets it. I have to disagree with that strategy though.
There is a much larger implication though, and that is continued and even steepened unstable growth and over extension. Instead of some manageable downturns in the near future we could experience a economic nightmare.
Nothing is with out cost and CPI effects all of us.
I really agree with this linked post, though I have nothing against hedgies per se.
The Fed Should Not Be The Hedge Funds’ Insurance Agency • dummyspots.com