Cramer's 'Mad Money' Recap: Fed Stranglehold

Moreover, no matter what happens to the economic climate, Bard will not be affected, because it makes medical devices that people cannot live without, Cramer assured viewers.

Plus, Bard is sitting on half a billion dollars in cash, which it can use to increase its dividend or purchase companies of its own, he said.

Is It Safe?

The second stock Cramer suggested viewers purchase as part of his "Three B's Portfolio" was Becton Dickinson (BDX Quote).

This, he said, is a "safe" medical device and diagnostics company that makes needles "of all kinds." And with two "smart" acquisitions it recently made, Becton now has an "ultrafast" test to detect drug-resistant staph infections, Cramer said.

Although this play is up 31% since last July, when Cramer told people to think about buying it, Becton has more room to run, he said. Last week, the company reported a great quarter with raised guidance.

Plus, Cramer believes all these medical device companies are "safe from the wrath of the Democrats" and deserve buy ratings. He said he sees this stock going "much, much higher."

While the Fed continues to "strangle the economy," owning stocks such as Becton Dickinson and CR Bard is a good idea, at least until Fed Chairman Ben Bernanke "grows a heart," Cramer said.