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NEW YORK ( TheStreet) -- Those who complain about the markets are wearing their political hats and not their financial ones, Jim Cramer said on "Mad Money" Thursday as he opined on the deluge of criticism towards Ben Bernanke's latest moves. Cramer said in the end, the Federal Reserve has made him feel better about the future, and that's all that matters.
With the very real possibility of a 1995-style government shutdown upon us, Cramer said it's only logical the Fed would not introduce tapering ahead of what could become a very debilitating economic event. Every past government shutdown has been met with big market declines, and there's no reason to think this time it will be any different. The economy is already slowing, as evidenced by weakened outlooks from just about every major retailer this quarter.
Cramer noted that some critics say the Fed has lost its credibility, but that's just not the case -- just a few words from Chairman Bernanke were able to shave a quarter point off of interest rates in a single afternoon.There are certainly anomalies in the market, Cramer admitted, with stocks like Tesla (TSLA) and Pandora (P) moving on little or no news. But those are rare cases, and even these high fliers will offer little protection once Washington starts its wrangling again.