NEW YORK ( TheStreet) -- "When it comes to making money in stocks, I thought last night's State Of The Union speech was pitch perfect," Jim Cramer told the viewers of his "Mad Money" TV show Wednesday, as he recapped President Obama's performance last night from a uniquely market-based perspective. Cramer said while the pundits may rant that the president's speech was "not so hot," Cramer said he thought the speech was terrific, far better than what he expected and certainly better than the speeches of the past two years. Cramer noted that in his opening remarks, Obama mentioned the stock market as a sign of rising economic health, and continued later to call for the harnessing of private business to make America more competitive on the global landscape. "What's not to like?" asked Cramer. He said it's remarkable to hear Obama's about face, from one who constantly attacked business to one who now embraces it. "Americans don't just want to get by," said Cramer, "they want to make money and do well." That's why Obama's emphasis on American companies, and by association the stock market, will be great for American 401K's and IRAs, he said. Cramer called last night's speech a "multiple expander," an event that breathes new life into the broader markets, much as former Speaker of the House Nancy Pelosi's anti-business agenda was a "multiple contractor" that tempered stock prices. Sure, there may not have been any specific stocks mentioned in last night's address, said Cramer, but looking at the broader picture, from the market's perspective, Obama should be applauded.