Cramer: Fed Should Cut Rates, Support Home Prices

Jim Cramer is right about one thing: the $150 billion stimulus plan is a farce that will do very little to help the economy. His suggestion is just as bad, however. Cramer suggests the Fed cut the Fed Funds rate from 3.50% to 1.75% so that everyone can refinance his adjustable rate mortgage, thus supporting the artificially high home prices that exist from the recent over speculation. That's just as bad an idea.