Cramer's TheStreet.com TV Recap: Fed Up With FedEx

 

And ultimately, UnitedHealth (UNH Quote), which he owns for his charitable trust, Action Alerts PLUS, "is the "decider in this country of what drug works and which doesn't," he said.

Further, "the drug class is very powerful," Cramer said. The Indiana congressman in charge of the Medicare committee in Congress is "owned by Lilly" and he makes a special exception for Zyprexa, Cramer said.

"Unless you vote that guy out, Zyprexa is going to do well," Cramer said. "This is the way the American system works and we can change it or we can make money from it."

President Bush gave a speech about the war in Iraq and that troops are going to be there longer than expected, Task said. "Why does it seem like Wall Street doesn't care about what's going on in Iraq?"

Cramer said this is because the war doesn't affect the price-to-earnings ratio of any company other than General Dynamics (GD Quote).

"We're in a casino," he said. "And the betting line is better on the defense stocks because the president doesn't have a clue."

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At the time of publication, Cramer was long Altria, Johnson & Johnson and UnitedHealth.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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