Cramer's 'Mad Money' Recap: Stick With Skechers

Cramer asked Romney about the housing crisis, specifically whether it was right to leave homebuyers out to dry. Romney said that some of the blame lay on the federal government, whose responsibility it is to protect people from faulty products. He said it's in "no one's interest" to have loans reset. On the other hand, Romney isn't going to lose sleep over investors who knew the risks, but he will lose sleep over homeowners.

Asked about how to develop a productive trade relationship with China, Romney noted that China has unfairly priced their goods by pegging their currency to the dollar and failing to protect U.S. intellectual property rights.

Romney said, "In a negotiation you never tell the other side what you're willing to do," but he would take measures to apply standards one should expect from a trading partner. He doesn't like tariffs, but "we need to see progress or get tougher."

Cramer concluded the interview by asking about taxes. Romney was very negative on the idea of introducing new taxes, and believes that the American people and the entrepreneurial spirit will lead to growth that can increase the government's revenue.

Fed-Cut Faves

Cramer's Game Plan segment focused on the Fed meeting next Wednesday. Because the recent half-point rate cut "demonstrates a bit of thinking on their part," Cramer expects another half-point drop. He noted that the recent market has been difficult, but the rate cut will offer more buying opportunities.