Cramer's 'Mad Money' Recap: China the Safe Haven (Final)

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NEW YORK (TheStreet) -- "If we don't want more days like today, then Congress needs to take a page from the Chinese playbook and focus on jobs," Jim Cramer told the viewers of his "Mad Money" TV show Thursday. He said Congress needs to stop grilling Federal Reserve Chairman Ben Bernanke on Capitol Hill and start focusing on jobs, jobs, jobs.

Cramer said it's ironic how, on the 60th anniversary of communist China, the country has become the economic model for the world. The Chinese stimulus plan spent massive amounts of money on infrastructure, he said, and now their economy is seeing positive results and jobs are being created.

Cramer said you can't ignore the Chinese economic track record over the last 60 years, as the country has gone from obscurity to economic powerhouse. Congress must get proactive on job creation, said Cramer. Without, there will be many more selloffs like today.

According to Cramer, there are only a few safe havens from the jobless U.S. recovery, and they're all plays on China. He said stocks like Wynn Resorts (WYNN Quote), which is poised to spin off its Macau operations, is one bright spot in the markets. As is consumer companies like Procter & Gamble (PG Quote), a stock which Cramer owns for his charitable trust, Action Alerts PLUS.

Cramer said minerals are also a safe bet, with stocks like Vale (VALE Quote), another Action Alerts Plus name, along with Freeport McMoran (FCX Quote) and BHP Billiton (BHP Quote), all taken lower today despite the fact they're huge China plays.

"If you can't beat 'em, join 'em," said Cramer, at least until Congress gets on the ball.