Cramer's 'Mad Money' Recap: Forget About Washington
NEW YORK ( TheStreet) -- We can be angry at Washington for not giving us a budget deal, or we can be more constructive and look for opportunities to make money.
Jim Cramer told "Mad Money" viewers Thursday he's choosing the latter because the markets are giving investors a number of ways to cash in big.
Let's face it, every time a politician steps in front of a podium the markets start plummeting, said Cramer. But that doesn't mean there aren't deals to be had -- company after company is kickstarting its growth via well-timed acquisitions.
Cramer said these companies aren't waiting for Washington, they're doing what's right for shareholders. The same is true for Oracle (ORCL) , which just delivered a spectacular quarter Wednesday only to announce the acquisition of Eloqua (ELOQ) . Shares of Eloqua more than doubled in just the few months the company has been public.
Cramer said all these companies are putting money to work, growing their empires and are most certainly getting things done in a way that the politicians in Washington can only dream of.
In the "Executive Decision" segment, Cramer spoke with Marty Mucci, president and CEO of Paychex (PAYX) , the payroll processor that delivered in-line earnings Wednesday while reaffirming its 2013 guidance. Shares of Paychex fell 1.9% in Thursday's trading on the news.
Mucci said Washington certainly doesn't help Paychex' business because consumer confidence is falling and new business formation is slowing. He said the uncertainty caused by the elections and now the fiscal cliff are causing businesses to delay hiring or opening new locations, all of which are bad for the economy.
Mucci said Paychex' business was also negatively affected by Hurricane Sandy as well as banks still not lending to entrepreneurs. He noted that many entrepreneurs use home equity to get their businesses off the ground but many no longer have that equity.
Mucci was more upbeat, however, on his company's health insurance initiatives. He said that business grew by 20% last year. As health-care reforms kick in, Paychex has become the defacto expert on what businesses should do to stay compliant with the new laws.
When asked what Washington can do to help the economy, Mucci said simply, "Get it done." He said any budget deal will give businesses the certainty they need to start growing again.