CNBC’s Jim Cramer Mocks ‘Massively Inflationary’ Trump Plans He Says Would Cause Economic Disaster

CNBC’s Jim Cramer and David Faber mocked former President Donald Trump’s plans for mass deportation and tariffs, which Cramer said would cause an economic disaster on par with the Great Depression.

Two of Trump’s most ostentatious signature proposals are his “Operation Wetback”-eclipsing mass deportation program and his massive tariffs on foreign products — both of which have been panned by economic experts.

On Monday morning’s edition of CNBC’s Squawk on the Street, Faber and Cramer casually torpedoed the combination as “massively inflationary” and a recipe for a 1929-style catastrophe — and Cramer offered a flip explanation for how Trump got his inspiration:

DAVID FABER: Our country benefits from immigration. Otherwise, I’m not talking about it so much.

JIM CRAMER: Good luck.

DAVID FABER: You don’t want to talk about immigration.

JIM CRAMER: Immigration. That’s the hot but– that’s the third rail for me. I’m not talking about– I once saw a mouse electrocuted by the third rail–

DAVID FABER: It’s nice that we we only talk about politics when forced to.

JIM CRAMER: Well, immigration keeps voices down, but I don’t know if you’re–

DAVID FABER: Yeah. It does. By the way.

JIM CRAMER: It’s a double-edged sword.

DAVID FABER: What does happen when you put tariffs on, on goods and you and you stop immigration and forced migrants to leave? In terms of wages.

JIM CRAMER: Well, unlesws you’re Hamilton. I’m kind of against it.

DAVID FABER: Isn’t that going to be inflationary?

JIM CRAMER: Of course! Of course!

DAVID FABER: Is it a one time though and then–.

JIM CRAMER: I don’t know. I mean when you see tariffs like that, obviously you think about 1929 to 32 and realize how wrong they are.

Or you see that I mean maybe is invoking Hamilton. Maybe Trump has saw the show. The show’s pretty good. Maybe he saw it twice. It’s very pro tariff. The show.

DAVID FABER: Our show is–.

JIM CRAMER: The show that you up the whatever it is. You know, the Hamilton. It’s a very, very pro tariff. You don’t think of that. But the show.

DAVID FABER: You mean the show?

JIM CRAMER: The the Broadway, the Broadway show. It’s very pro tariff. Hamilton was a the nationalist. So maybe, I’m saying Trump might’ve seen the show.

Watch the video above via CNBC’s Squawk on the Street.