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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 - Get Report) 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.

Executive Decision: Alex Smith

In the "Executive Decision" segment, Cramer spoke with Alex Smith, president and CEO of Pier 1 Imports ( PIR - Get Report), the home goods retailer who disappointed Wall Street with a 4-cents-a-share earnings miss on weaker-than-expected revenue, news that sent Pier 1 shares 14% lower.

Smith said he's definitely not happy with Pier 1's performance in the quarter, but he's not blaming the macroeconomic environment for the shortcomings. Instead, Smith admitted he made some mistakes such as focusing too much on his company's online business and failing to drive enough shoppers into its 1,000 retail locations. In retrospect, Smith said the over-excitement towards online was not a smart decision.

Going forward, Smith said that the focus will return to Pier 1's retail stores, with TV ad spending picking up between now and the end of the year. With a new crop of holiday ads, Smith said the company is very optimistic about the upcoming holiday season.

Cramer remains bullish on Pier 1, saying that if anyone can buck the slowing macro picture, it should be Pier 1 with its traditionally flawless execution.

Anointed Stocks, Part 4

In the next installment of his "Anointed Stock" series of high fliers that should surge going into the end of the year, Cramer turned his sights on a mix of industrial stocks, including Delta Airlines ( DAL - Get Report), Pitney Bowes ( PBI - Get Report), Boeing ( BA - Get Report), Northrop Grumman ( NOC) and Lockheed Martin ( LMT - Get Report).

Cramer said the rally in Delta is all about consolidation in the industry. With fewer players in the market, Delta is on track to have its most profitable year ever, thanks to lower fuel costs and more fuel efficient planes. Delta trades at a scant eight times earnings.

Meanwhile, Pitney Bowes is all about pivoting from its legacy snail mail processing business into digital commerce and logistical services. The company's new management team is breathing new life into the company, said Cramer, although he would not be a buyer of the stock at these levels.

Then there's Boeing, a perennial Cramer fave. Cramer said despite woes with its new Dreamliner, Boeing remains one of the only companies that can offer a 20-year outlook on its business. As for Northrop and Lockheed, they're both laughing in the face of the sequester as they transform into lean, mean, diversified entities that can weather no matter what Washington may throw their way.

Cramer said that Delta, Boeing, Lockheed and Northrop should all be strong performers throwout the rest of the year as money managers pile in to prove they, too, own the best stocks in each sector.

Lightning Round

In the Lightning Round, Cramer was bullish on Royal Caribbean Cruises ( RCL - Get Report), Take-Two Interactive ( TTWO - Get Report), Celldex Therapeutics ( CLDX - Get Report) and ExOne ( XONE - Get Report).

Cramer was bearish on KeyCorp ( KEY - Get Report).

Executive Decision: Patti Hart

In his second "Executive Decision" segment, Cramer spoke with Patti Hart, CEO of International Game Technology ( IGT - Get Report), the casino game maker that's moving aggressively into the fledgling online gaming market here in the U.S.

Hart said IGT is very excited about New Jersey becoming the first U.S. state to allow online gaming and she's ready to bring her company's 10 years of experience outside the U.S. to the domestic market. Hart said everyone wins with online gambling as states and game providers all get a piece of the revenue pie. Online gambling will be open only to legal residents of New Jersey, but Hart said she expects Nevada and other states to follow suit.

IGT is also profiting from its acquisition of Double Down, the social casino platform that's available on Facebook ( FB - Get Report). Hart said the revenue from social gambling are growing swiftly, as users are responding to the authentic casino gaming experience that only IGT can provide.

In the brick and mortar casinos around the globe, IGT is also hitting it big, thanks to branded content that ties into hit movies and TV show, like "Wheel of Fortune," which remains IGT's hottest game, even after many many years.

Cramer told viewers to study the research on IGT, much of which views the company only as a casino tie-in and ignores the many opportunities the company has in both social and online gambling.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer said just that because the markets may be confused about what to do next doesn't mean that you have to be.

Yesterday's Fed actions have paved the way for things to get better in 2014, but the markets aren't likely to overlook a weak fourth quarter in 2013, Cramer warned. That's why stocks from ConAgra ( CAG - Get Report) to McDonald's ( MCD - Get Report) all fell on yesterdays news, along with the homebuilders, the regional banks and the insurance stocks.

In times like these, investors need to focus on the stocks that the Fed doesn't control, including United Technologies ( UTX - Get Report), which is levered to China, or Boeing, which is tied to a global uptick in aerospace.

Many investors may not have been around long enough to have experienced a situation like this before, Cramer concluded. Fortunately, he has, which is why investors need to relax, play it safe and wait for the Fed's action to make a difference in 2014.

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

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

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

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

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