Cramer's 'Stop Trading!': Schwab's a Winner

Stock quotes in this article: SCHW  

President Obama's stimulus plan "is just the flipside of what Bush gave us--actually, not even as good," said Jim Cramer on Thursday's "Stop Trading!" segment on CNBC. "There's really nothing there. It doesn't put anyone to work, and it doesn't build any bridges, and it doesn't fix the bank situation."

Cramer said that what Obama needs to do is to take on House Speaker Nancy Pelosi and Sen. Harry Reid. "He's got to attack his own party."

Switching gears, Cramer called Charles Schwab(SCHW Quote) a "long-term winner here." "They were very downbeat," he said, "and I understand that, but this is a place that's a repository of a lot of people's savings." He said the stock is down more than it should be.

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At the time of publication, Cramer had no positions in stocks mentioned.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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