Cramer's 'Mad Money' Recap: March 4

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In a surprising change of heart, Cramer said President Obama, who he said is responsible for much of the market's recent declines, may have inadvertently set the market on fire Wednesday.

Cramer, a vocal critic of the Obama agenda, said on his "Mad Money" TV show that Obama's plans will crimp interest rate deductions on homes, raise taxes on investors , turns healthcare companies into non-profits, hurt the utility stocks and raise taxes on those responsible for most of the job creation in this country.

Yet despite all of Obama's ill will towards Wall Street, Cramer said the president's recent comments that stocks were attractive given their low P/E ratios has fueled the market.

"Obama's coming to Cramerica," said Cramer, who hoped that the new president is finally learning that you can't separate Main street from Wall Street any longer.

According to Cramer, this rally could last if the market momentum is met with any good corporate news in the coming days. "Obama's started the thundering herd," he said.