Jim Cramer expressed his outrage at the Fed today on his Mad Money show.  He was outraged because the coordinated rate cut was not enough, and called for “many more larger rate cuts”.

Cramer said the Fed needed to be much more aggressive. And why not? Former Fed Chairman Alan Greenspan brought rates down to 1% in 2003 when the economy and markets were in much better shape. Bernanke, despite all the hardship we’ve seen, is still holding rates at 1.5%.

As of today, the Federal funds rate stands at 1.5%, after a .5% reduction this morning.  Let’s assume for a moment that a 1% reduction would be good enough for Cramer as a single rate cut.  But Cramer also stated explicitly today that not only was the rate cut not large enough, but that we needed “many more” rate cuts to get this economy going.  If we assume that “many more” implies only 3 additional rate cuts, that would put Jim Cramer’s requested fed funds rate at a NEGATIVE 1.5%.  That’s right, Jim Cramer wants the federal government to pay us to borrow money.

Rather than pay citizens to borrow money, here is another idea.  Let’s banish Jim Cramer so we can get on with handling the financial crisis in a more responsible manner, freeing the mostly ill informed populous from his idiotic rants.