"There aren't that many stocks that can deliver consistently on international growth," Cramer said, but McDonald's is one of them. Furthermore, the economy is likely to make times tougher for people. When things are bad, people start to eat at McDonald's more often.
"I would buy this on Monday," Cramer said.Dodd on U.S. Energy Policy
Cramer said that the Street can often pay too much attention to money, especially when the market is down. "You need to be paying attention to politics" and the upcoming presidential election, he told viewers. In light of this observation, Cramer welcomed Democratic presidential candidate Sen. Chris Dodd of Connecticut to the show. When Cramer asked Dodd about energy policy, Dodd replied, "We borrow a billion dollars every day to borrow foreign oil." He added that carbon is a major problem in terms of the environment and public health. Dodd also expressed concern about oil dependency's effect on American security. Cramer pressed Dodd about his stance on nuclear energy. "I mention everywhere I go you can't have an honest discussion about energy independence" without discussing nuclear power, Dodd affirmed. Dodd further asserted that nuclear power could be a solution to energy dependence for the developing world. When Cramer asked Dodd about the precarious economic situation, he stressed that "liquidity, liquidity, liquidity" is the driving problem behind the U.S.' woes. "We've got a liquidity crisis as well as a mortgage crisis." If investigators "start hammering on Fannie(FNM Quote) and Freddie(FRE Quote)," they will disrupt the vehicles that can bail the economy out.- Loading Comments...
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