Cramer on Jobs Report: ‘My Breath Was Taken Away ... Where Are the Jobs?’

CRAMER: “I love Fischer. I studied his work for many, many years. Again, he's kind of just one of these people that is unassumingly fantastic at what he does. He saved Southeast Asia during the '97, '98 crisis. It was really him at the IMF. I think that these guys are up to the task. I do believe that there are a lot of jobs in a lot of places and people have to get there. And I know the government doesn't want to be involved in trying to get economic mobility, let alone mobility to where the jobs are because there's such a [INDECIPHERABLE] down in Washington, but something needs to be done. They need to think bigger than what they've been thinking. Congress and the president have to come up with something beyond unemployment benefits and beyond minimum wage to create some jobs. This number was stark, and the market is changing because of it. It’s great that interest rates are going to go back I think to where they were before the big summer scare, but wow, it shouldn't be for this. It shouldn't be because we don't need to borrow as much money, and it's just the opposite. We need to create some jobs and we need to create them now."