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) -- What we have here is a failure of imagination, Jim Cramer said on

"Mad Money"

Thursday, referring to all those who sent the markets lower on yesterday's

Federal Reserve


Cramer said these markets are driving him crazy, and it's time to vent and set the record straight.

The Fed has make it clear on multiple occasions that it'll be buying bonds until the unemployment rate falls below 6.5%. This is a sentiment that both Bernanke and Janet Yellen share. Can the Fed make it any clearer? Cramer asked. Yet, like clockwork, the market parses the Fed's month-old meeting minutes and finds something that it fears signals the end is near.

What the Fed seems to realize -- and that no one else does -- is the Fed can't save the economy alone. It needs Congress or the White House to intervene. What would happen, for example, if the President mandated that all federal vehicles must use natural gas? Not only would the government save big on its fuel costs and take a huge step towards energy independence but almost instantly they'd put tens of thousands of people to work building the infrastructure to make that happen.

What would happen if Congress decided to pass a big interstate highway bill to rebuild our infrastructure? Or pass a corporate tax cut that allowed companies to repatriate the trillions they have stashed overseas? All of these ideas would move the needle instantly and be great for our country, said Cramer.

In the meantime, it's clear consumers are tightening their belts, which means investors shouldn't sell everything but buy some private-label food makers such as


(PRGO) - Get Report

or stocks that flourish when customers stay home, such as


(NFLX) - Get Report


People are spending on their homes, said Cramer, so why not


(WHR) - Get Report

? There are plenty of possibilities, but investors must do their homework if they expect to make boatloads of money in these markets.

Cramer Defends Ballmer

The market has spoken, and it seems


(MSFT) - Get Report

CEO Steve Ballmer will be going down in the history books as the one who ruined the company after founder Bill Gates left the helm. But is Ballmer worthy of that blame?

Cramer said after knowing Ballmer for the past 30 years, including going to college with him, perhaps history is being too harsh. Shares of Microsoft are up 40% for the year, and since Ballmer's tenure as CEO began the company's profits have soared. In any other industry, Ballmer would be heralded as a genius, Cramer noted, but Microsoft is a tech company.

Technology is different than other industries, Cramer continued. In tech, you must always be innovating, feverishly fighting to not get left behind. In that regard, Ballmer missed the revolutions in mobile, social and the cloud, just as Gates stumbled to recognize the significance of the Internet early on.

Cramer said he doesn't think Ballmer deserves a spot on his "Wall of Shame," but certainly understands why the markets are not seeing him in an altogether positive light.

Executive Decision: Peter Gassner

In the "Executive Decision" segment, Cramer spoke with Peter Gassner, CEO of

Veeva Systems

(VEEV) - Get Report

, a stock that soared 85% on its initial public offering just five weeks ago.

Gassner explained Veeva provides cloud computing services to targeted industries, such as life sciences, that require very specialized and customize software. He said Veeva replaces very outdated technologies and helps pharmaceutical reps be a lot more efficient in their operations.

Unlike many startups, Veeva has been profitable since its third year, Gassner noted, and also offers investors high growth. The company is currently number one in the life sciences segment and could one day be nipping at the heels of the overall industry leader,


(ORCL) - Get Report


Gassner said that using Veeva's software, big pharma companies can increase their return on investment by helping reps better target the right doctors, which in turn gets the more of the right drugs in patients' hands.

Cramer said that Veeva is a real-life, profitable company, and one that investors need to look into.

Lightning Round

In the Lightning Round, Cramer was bullish on


TST Recommends

(MCK) - Get Report


Community Bank System

(CBU) - Get Report


Boardwalk Partners



Linn Energy



Noble Energy

(NBL) - Get Report


Cramer was bearish on

C&J Energy Services



Executive Decision: Steve Singh

For his second "Executive Decision" segment, Cramer sat down with Steve Singh, chairman and CEO of

Concur Technologies


, which offers an online travel and expense platform for corporations. Shares of Concur trade at 90 times earnings with a 20% growth rate, but down 19 points from their highs, so Cramer said this stock might be a steal.

Singh said Concur is all about making the business trip better but eliminating the need to fill out an expense report. Given that goal, Singh said Concur has decades of growth ahead. He noted the current system of doing these reports is very inefficient and prone to mistakes and fraud. However, the Concur system merely takes information from one platform and moves it onto its own. It can even make recommendations on hotels and travel based on corporate policies.

When asked about spending on innovation and growth, Singh said that in his mind you can never spend too much on getting ahead of the competition and growth. But even with Concur's sizable growth plans, Singh said the power of its platform lies in its open nature, which has allowed more than 200 developers to build apps that extend their functionality in ways they never imagined.

Cramer said Concur is just another example of the cloud at work, disrupting huge industries and making a profit doing it.

Off the Tape

In his "Off The Tape" segment, Cramer sat down with Neil Blumenthal, co-founder and co-CEO of the privately held eyewear maker, Warby Parker.

Blumenthal said Warby Parker is building a lifestyle brand, and is making buying eyewear both a fun experience and one that doesn't make you feel ripped off. He said that unlike the big names, which hide behind fashion brands, Warby makes has its own brand, which means it can offer glasses for less.

Warby won't ever be the cheapest glasses out there, Blumenthal noted, but it will represent the most value and style possible at their price points.

Cramer said that while Warby Parker is not publicly traded, investors are already lining up to get a piece of this truly unique new brand.

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


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

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

To email Scott about this article, click here:

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At the time of publication, Cramer's Action Alerts PLUS had a position in LINE and NBL.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of 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, 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 is related to the specific opinions expressed by him on "Mad Money."

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