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On Thursday, CNBC’s Jim Cramer came out swinging, blaming international governments for the market’s decline and criticizing leaders for failing to control the spread of a Covid-19 version. The S&P 500 and Nasdaq Composite indices both fell almost 1% throughout the day, bringing the S&P 500 and Nasdaq Composite indexes down from record highs. Bond yields have also fallen to levels not seen since February due to health worries. The decreases are due to the delta strain, which is rapidly spreading over the world, according to Cramer. “I place this sell-off completely in the laps of politicians throughout the world,” the “Mad Money” host stated, “because we right now have a failure of global leadership.” “We’re doing a far better job of getting people vaccinated in America than most other nations, but we made a mistake when we made vaccination voluntary.” The US Food and Drug Administration has yet to award complete approval to coronavirus vaccines from companies like Moderna and Pfizer-BioNTech, according to Cramer. The EPA has approved three vaccines, including a one-shot treatment from Johnson & Johnson, for emergency use to tackle the health crisis, and millions of people have received them across the country. In May, Pfizer submitted an application to the FDA for approval of its vaccine, followed by a June filing by Moderna for its own product. “Maybe you think it’s a technicality,” Cramer said, “but so many Americans don’t believe vaccines, and the lack of FDA approval certainly doesn’t help.” “I implore the FDA to explain themselves and their rash actions.” The delta strain, which was first detected in India and is rapidly spreading over the world, is now the most common strain afflicting people in the United States. Despite the United States’ higher immunization rates than most other countries, the delta outbreak elsewhere in the world could signal outbreaks in areas where vaccination rates are low. Indoor mask laws and public health measures may need to be restored, according to health experts, to slow the development of the delta form in the country. “I believe bond rates and the stock market will start increasing again if we bring the COVID variations under control by compelling people to be vaccinated,” Cramer said. “I don’t think there’s much hope for speeding up immunizations without either paying people money or coercing them, neither of which will happen in this country.” Do you have any questions for Cramer? Cramer may be reached at 1-800-743-CNBC. Interested in learning more about Cramer’s world? Make contact with him! Money that’s out of control Jim Cramer on Twitter Twitter, Facebook, and Instagram are three of the most popular social media platforms. If you have any questions, comments, or recommendations for the “Mad Money” website, please send them to madcap@cnbc.com./nRead More

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