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Cramer's 'Mad Money' Recap: A Hope-Filled Rally

In the rental game, Cramer said size matters, and the combined Hertz will be able to aggressively cut costs. He noted just a 1% reduction in costs could result in upwards of 31 cents a share in earnings for the company. He was also bullish on Hertz' equipment rental business given the turn in the U.S. housing market.

Lightning Round

In the Lightning Round, Cramer was bullish on Cheniere Energy Partners (CQP), SPDR Gold Shares (GLD), Anheuser-Busch InBev (BUD), Diageo (DEO) and 3D Systems (DDD).

Cramer was bearish on OraSure Technologies (OSUR), Cheniere Energy (LNG) and Annaly Capital (NLY).

No Energy on Using Natural Gas

Why doesn't America use its abundant supply of natural gas for surface vehicles? Cramer offered viewers his latest take on the situation after talking to many in the industry.

Cramer said there's no doubt using American natural gas would make North America energy-independent almost overnight. Unfortunately, there are still several major obstacles standing in the way.

It's clear Congress has no interest in adopting T. Boone Pickens' plan, which would have subsidized adoption of natural gas engines for long-haul trucks. That leaves the industry to go it alone, Cramer said, and Westport Innovations (WPRT) has been delayed in delivering the next generation of long-haul natural gas engines.

Then there's the issue of infrastructure. Clean Energy Fuels (CLNE) now has 600 natural-gas filling stations, far less than the 120,000 regular gasoline stations in the U.S. That's why only garbage trucks and buses have made the switch so far because they can refuel nightly at their depot rather than trying to find a station on the road.

Car companies don't see any demand to make natural gas cars, said Cramer, because home fueling options are still several years off and many consumers don't want to pay more up front to reap the rewards of lower operating costs later.

Cramer said only a presidential intervention -- such as mandating the U.S. Postal Service use natural gas, for example -- would be big enough to jump-start the industry. Otherwise, companies like Exxon Mobil (XOM) will continue to stand in the way of making this clean, domestic fuel source a reality.

He's Got a Little List

In his closing comments, Cramer prepared a new "Wall of Shame: Fiscal Cliff Annex," a place to house members of Congress who are not prepared to rise above party politics and put the country's needs over their own personal political agendas.

He said some in Congress feel going over the cliff will cause the other side to fold in their negotiations, a view that Cramer called "a heartless way to prove a point."

As the crisis continues to evolve, Cramer said he's got his short list of candidates at the ready.

To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

-- Written by Scott Rutt in Washington, D.C.

To email Scott about this article, click here: Scott Rutt

Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC

At the time of publication, Cramer's Action Alerts PLUS had positions in AAPL and BA.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC Universal or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.

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