TODAY | December 07, 2012
>> and here with more on the fiscal cliffs fight and the jobs report coming out in a moment.
>> good morning.
>> we added 171 to the u.s. economy in october, not expecting not quite as many.
>> could be as few as half of that. don't forget sandy hit hard the northeast. the rest of the country doing well. don't look for disaster. anything north of 100,000 and it's fantastic.
>> how does this storm man nest itself in the jobs market? why such a problem there?
>> a lot of jobs lost. a lot of work lost, and most importantly you just had a shutdown. when you have a shutdowns, you create a lot of jobs. don't forget people aren't hiring anyway because of this fiscal cliff.
>> and on the fiscal cliff question, you know, there's so much to say back and forth politically, but what does this tell us about not only how the markets will respond to it but about employment? if there's no deal on the fiscal cliff, do we see that in the jobs?
>> i think in the next three or four weeks, no. beginning at the end of january, if we go over the cliff, you're going to see firings, not just no hirings and i think it will be a little devastating. it will sneak up on people. not enough people are talking about job loss because that's where it's going to be most significant.
>> if you look at what's happening on capitol hill right now, not a lot of confidence to be -- to be taken away if you're signature on wall street right now. what are the markets looking for? what's an ideal scenario there?
>> at this point an ideal scenario is any deal, okay? we have no confidence, lots of ceos come on " mad money " and they say the same thing which is, look, we have no idea, even if we got a bad deal, willie, we would start hiring.
>> that's what i was going to ask you because there's talk of a half deal. maybe the republicans let the rates go up on the highest earners and wait until the debt ceiling fight to get their cuts. is that kind of a half measure, does that help?
>> if you want business to do well, washington needs to completely go away that. prolongs the agony, but if you want to see what's going to happen, the first paycheck at the end of the month in january is going to shock people in this country if we go over the cliff. your take home is going to be so much smaller than you think, everybody is going to be outrage the. got to prevent that.
>> jim cramer , thanks. see you on " mad money " 6:00 at