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NEW YORK (

TheStreet

) -- "I've never seen leaders do so much damage in the name of doing good," Jim Cramer told his

"Mad Money"

TV show viewers on Tuesday, as he opined on the daily battle between the reckless politicians, both here and abroad, vs. the strong fundamentals of U.S. companies.

Cramer said frankly that's it painful to watch our fledgling recovery being slowly derailed by politicians who can't seem to do anything right. He said that in Europe, the Germans who once said they would play ball with debt restructuring if countries like Greece and Spain elected new governments, now seem entrenched in a "no-bailout" mode.

Meanwhile here at home, Cramer said the deficit-reduction Super Committee lost an amazing chance to do something good for our economy and instead chose to maintain the status quo of bickering and partisanship.

Yet despite all of the politics rhetoric, Cramer said that U.S. companies, at least for now, continue to improve. He said that commerce is picking up, retail sales seem strong and even hiring and non-residential construction may be on the mend.

Cramer noted that

Home Depot

(HD) - Get Report

had positive comments on its earnings call, as did

Chipotle Mexican Grill

(CMG) - Get Report

, but it simply won't matter on a day that's overshadowed by political news.

Cramer said he can only imagine how strong the U.S. economy could be with a shift in policy favoring natural gas over solar power, or with certainty on taxes or the unemployment benefits that so many have come to depend on. He said that the politicians have the opportunity to help, but have chosen otherwise. Cramer called the situation a "terrible moment" when our leaders keep betraying us.

Off the Charts

With so many tech stocks struggling with concerns over weakness in Europe and flooding in Thailand, Cramer went head to head with colleague Caroline Boroden over the chart of

Qualcomm

(QCOM) - Get Report

, a stock that's down just five points from its 52-week high.

According to Boroden, who studies Fibonacci ratios, Qualcomm has displayed a pattern of two declines each last 14 weeks in 2006 and again in 2008, and two declines lasting 25 weeks in 2010 and again this year in 2011. Using the predictive nature of Fibonacci analysis, Boroden expects shares of Qualcomm to rise 17% from current levels.

Cramer explained that the retracements that Fibonacci analysis studies helps traders determine where a floor of resistance is being built so they know when to jump in. Boroden took the analysis one step further however, and determined that watching for the 8-day moving average to cross over the 34-day moving average will provide a further trigger for when to buy the stock.

Cramer said he found Boroden's analysis intriguing, but with the markets still being controlled by Europe, he would start a small position now and buy even more on the next big down day that's caused by euro news.

Confirming Nike's Strength

Cramer said that the surprise dividend boost from

Nike

(NKE) - Get Report

last week was a strong signal to investors that the apparel and footwear maker needs to be bought, despite the ongoing basketball players strike. He explained that dividend boosts are management's way of saying that business is good, and investors need to sit up and take notice. But Cramer didn't just take Nike's word for it; he compiled evidence from other companies that also confirmed that Nike's business is on fire.

Cramer said he first looked at

VF Corp

(VFC) - Get Report

, which noted strength in its Northface and Vans active apparel brands and delivered a strong quarter on powerful momentum. He then looked at rival

Under Armour

(UA) - Get Report

, which confirmed the trend and is also growing like a weed.

For further confirmation, Cramer noted bullish comments from sports apparel retailer

Dicks Sporting Goods

(DKS) - Get Report

and

Foot Locker

(FL) - Get Report

which not only saw strength but also noted that Nike products are selling well.

Finally, for the icing on the cake, Cramer said that

Hibbett Sports

(HIBB) - Get Report

, another sports apparel retailer also delivered an eight-cent-a-share earnings beat and raised its 2012 guidance.

Cramer said with the Olympics coming around again next year in 2012, all signs point to Nike having a very happy new year, even without professional basketball.

Lucrative Breakup

"Sometimes breaking up is not only easy to do, it's also lucrative," Cramer told viewers, as he highlighted

Meadwestvaco

(MWV)

, an office supply and packaging company which is not only splitting itself up, it's also merging some divisions with

Acco Brands

(ACCO) - Get Report

.

Cramer explained that since the announcement of the deal, shares of Meadwestvaco have gone nowhere, a sign that investors don't realize that the sum of its parts are worth at least 21% more than where shares trade today and that's before the addition of Acco Brands. Under the terms of the deal, Meadwestvaco will spin off its office supply division and merge it with Acco, purveyors of the Swingline stapler and Daytimer personal organizer brands. Cramer said this move turns the new entity from a defensive player into an offensive powerhouse.

But Cramer was also bullish on the remaining Meadwestvaco packaging and specialty chemical divisions, both of which are benefitting from lower commodity costs. The company also owns 720,000 acres of prime forest land worth over $1.1 billion, he said.

Meadwestvaco also has excellent management, said Cramer, as evidenced by the company's 5-cent-a-share earnings beat on a 9% rise in revenues. Either way, Cramer said Meadwestvaco is a winner.

Lightning Round

Cramer was bullish on

Baidu.com

(BIDU) - Get Report

,

American Capital Agency

(AGNC) - Get Report

,

Annaly Capital

(NLY) - Get Report

,

Solar Capital

(SLRC) - Get Report

,

McDonald's

(MCD) - Get Report

,

Linn Energy

(LINE)

,

Procter & Gamble

(PG) - Get Report

and

ConocoPhillips

(COP) - Get Report

.

Cramer was bearish on

Sina Corp

(SINA) - Get Report

,

JetBlue Airways

(JBLU) - Get Report

,

Wendys Company

(WEN) - Get Report

,

Goldman Sachs

(GS) - Get Report

and

Green Mountain Coffee Roasters

(GMCR)

.

Concluding Remarks

In his "No Huddle Offense" segment, Cramer railed against the bank stocks, saying that they're priced exactly where they deserve to be. He once again told investors to steer clear of these stocks ahead of another round of stress tests and ahead of a pending European collapse.

Cramer said that for years these banks have been telling investors "not to worry," but we still don't have any clarity on what they own or how exposed they might be to a European collapse. He said that

JPMorgan Chase

(JPM) - Get Report

gives him the least worries of the bunch, but he'd rather stick with growing companies that have great dividends instead of stocks that have so many questions still surrounding them.

"The banks just can't be trusted," Cramer concluded

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

To contact the writer of this article, click here:

Scott Rutt

.

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