The Liverpool veteran defender has moved quickly to quell some growing unrest sweeping around Anfield following some disappointing results which has seen the Reds slip out of contention for Champions League qualification and down to eighth in the Premier League.
Merseyside rivals Everton jumped above them following Saturday's 2-0 win against West Brom, as Liverpool look to improve on a run of five defeats in six games against Newcastle at the Sports Direct Arena on Sunday afternoon.
However Carragher claims Liverpool were 'on their knees' when Dalglish took over from Roy Hodgson in January 2011 and is adamant that the veteran Scot, who guided the club to their last league title back in 1990, is the man to bring the glory days back to the club.
Indeed Dalglish has already secured the Carling Cup this season, while they face Everton in an FA Cup semi-final at Wembley in a fortnight and Carragher told the Sunday Telegraph: "Everyone knew this season was all about rebuilding the team and bringing a lot of new playing staff to make an improvement. Winning our first trophy in six years was a sign of that. It was a massive achievement for everyone at the club. We're still in the FA Cup so it could get better.
"We all recognise we've come up short in the league compared to where we'd like to be - because we wanted to be closer to the top four - but considering there's been a lot of change it was always going to be difficult given the established sides we were up against. We were just starting the process again so you can't just expect it happen immediately.
"He's the one here who knows what it means to win a league title and what we've got to do going forward.
"There isn't anyone else here with experience of winning a league title. It's ridiculous anyone would dismiss his experience and achievements in the game when he's started getting Liverpool winning trophies again already. "