New Growth Areas
Cramer cleared the air on the state of the U.S. economy by talking with Peter McCausland, chairman and CEO of
(ARG - Get Report), a supplier of industrial gases to a multitude of industries throughout the economy. Since his appearance in October of 2008, the stock of Airgas has risen a solid 43%.
McCausland confirmed that the recession did put an abrupt halt to many of the infrastructure projects in this country, but noted that some of those projects are starting to come back on line. He added that investment in the country's infrastructure is "crucial" and needs to continue at a much faster pace.
When asked about his company's performance during incredibly difficult times, McCausland credited the Airgas' diverse customer base, which always allows it to "find new places to grow" its business.
Cramer continued his support for both McCausland and for Airgas, calling McCausland a "bankable CEO" and one that he has come to trust.
Outrage of the Day
Cramer recapped two of his recent outbursts, the first of which was his May 27 plea to Federal Deposit Insurance Chair Sheila Bair to close
, a bank which then was trading for pennies and was still acting recklessly, according to Cramer. On Friday, Corus was finally shut down by the FDIC.
Cramer's second outrage turned to the
U.S. Natural Gas
ETF, a fund which Cramer warned traded at an 11% premium to the price of natural gas, but could lose that premium instantly if new regulations went in affect.
Two days later, those regulations did go into effect, and on a day when natural gas was up 12%, the U.S. Natural Gas Fund was up only 2%. Cramer reiterated that even on a day-trade basis, these funds don't work and have no reason for existing.
-- Written by Scott Rutt in Washington
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