JIM CRAMER: Smoot-Hawley 60% increase in tariffs. There isn't anyone in any history book. I know the president reads history. There's anyone in any history book that doesn't say that wasn't considered". That was a considered reason why we had the Great Depression. There isn't a soul who's ever said that. You look. Go read Galbraith's book. It's really quick. It was a direct cause of the of the depression, not the recession.

CARL QUINTANILLA: So it -. It is playing with fire. You think?

JIM CRAMER: Absolutely. But is it arson?

CARL QUINTANILLA: Meaning that you can contain the blaze, is that what you're saying"

JIM CRAMER: No, meaning that you're doing it-. Maybe it's deliberate!

CARL QUINTANILLA: Right.

JIM CRAMER: And it doesn't make any sense that you don't want people to be laid off because of what you said. People are scared, Carl. You don't scare people. You don't scare-. It's just. It's a wrong call. It's all message. People are scared!