Jim Cramer on Morning Joe: "Look for the union label and sell."

Best selling author and CNBC personality Jim Cramer appeared on MSNBC's Morning Joe today with host Joe Scarborough. He had a lot to day about unions gaining unprecedented power. Watch and read below, if you're still not convinced of his point, just click "unions" in the Marathon Pundit search box.

Andrew Ross Sorkin is a New York Times columnist, Mike Barnicle is also a newspaper columnist and a regular MSNBC contributor.



JIM CRAMER: Turn arounds are hard. how about Toyota buying up the companies they can in the world which they are a battery business. They are going to be a battery business. that's a forward way to look at things. It's going to be battery operated. every time a copper mine comes up for sale, other than the ones the Mexicans bought, the Toyota companies are buying it.

JOE SCARBOROUGH: You're saying this $50 billion bailout is nothing more than an insurance policy for politicians who don't want to have to run with 12% unemployment?

CRAMER: Why are you so uncynical? i think the whole goal is not even political. I think it is literally a terrific way to be able to give the unions charge so know, to transfer capitalism away from bond holders to unions because the unions can run a better jobs program than the bond holders.

SCARBOROUGH: I keep hearing union. you hear it, too, from business people, liberals and conservatives. looks like the unions are gaining unprecedented power. not only with this administration but -- I would -- I was told by actually a Democratic business person that when certain union members come into their offices, they scrap and bow because they understand the union representative has carte blanche with this administration.

CRAMER: If they get card check, I have to tell you, I think Wal-Mart cut in half, most of the department store will suffer mightily. There's a lot -- Costco trying to do a middle ground car check. car checks may be the most important issue facing American companies.

I'm with Jim on this.

ANDREW ROSS SORKIN: Name a successful unionized company. think. you are going to go to break before you come up with one.

CRAMER: Hold on a second. Look for the union label and sell.

SCARBOROUGH: Here's what is stunning about this. You have always been seen as, you know, a Democrat. Boston guy. A blue collar guy. a pro-union guy. yet, you are telling me

MIKE BARNICLE: They lost their way.

SCARBOROUGH: The unions have –

BARNICLE: They are in it for the dues.

CRAMER: You bet!

BARNICLE: Rather than helping union members.

CRAMER: I ran a wildcat strike once at Veterans Stadium.

SCARBOROUGH: All right. I'm impressed.

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