Cramer's 'Mad Money' Recap: Nov. 24

Obama's Recovery Plan

Cramer once again welcomed Eric Schmidt, chairman and CEO of Google (GOOG Quote), to the show to dig even deeper into Obama's plans to turn around the U.S. economy.

Schmidt called Obama's economic team a group of really smart people working feverishly to develop a plan that can be implemented on Jan. 20. He said the Obama team is bringing fresh ideas and new energy to the problem.

Schmidt said Obama is focused on Main Street and bringing prosperity to the middle class. He said he's confident there will be a stimulus plan in January that includes a sizable amount to rebuild the country's infrastructure, including roads, bridges, schools and energy infrastructure.

Regarding the Citigroup bailout, Schmidt said it appears the government finally found the right way to structure this type of deal, and felt the model would be applied to other institutions. He said the recent hearings with the automakers also shows that the government is no longer handing out money without a solid plan for recovery.

When asked how the economy's troubles would affect the Internet and Google in particular, Schmidt said that he doesn't really know how the recession will affect his company's earnings, but he expects the Internet overall to continue to grow and continue to do "very, very well."

Some Sunshine

After two huge up days in the market, Cramer found himself in the unusual position of asking "am I too negative?" He first sounded the alarm on Sept. 19, when the Dow was at 11,300, and he advised viewers to sell 20% of their portfolios.