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."- Loading Comments...
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