By Stockpickr Staff
Posted on March 5, 2009

Jim Cramer has been a vocal critic of President Obama. He has gone as far as to say that Obama’s budget may be one of the great wealth destroyers of all time. Cramer has also made it clear that he thinks Obama isn’t listening to the stock market.

Cramer feels that until Obama starts listening and paying attention to the stock market, all he can do is caution investors. Cramer just wants to see any sign that Obama realizes that the stock market is falling apart. Cramer doesn’t want to see the Dow Jones Industrial Average fall below 6,000 or 5,000 or even 4,000, because it will affect regular people who don’t even own stocks.

The bottom line: Cramer says we can’t afford the president’s agenda and that we sure can’t afford the administration’s refusal to acknowledge that we have a broken stock market.

Recently, Cramer found opportunities in shares of discounters, oil stocks and Obama-proof stocks. Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on CNBC and his RealMoney blog posts (these blog post require a RealMoney subscription).

Cramer’s Obama-Proof Stocks: Cramer thinks investors must now “Obama-proof” their portfolios. On last Friday’s “Mad Money” episode, he told viewers that Australian mining giant BHP Billiton (BHP) fits the mold with its juicy 4.5% dividend yield. Cramer’s Obama-Proof Stocks include Dominion Resources (D) and Edison International (EIX).

Cramer’s Fallen Mighty: Cramer is shocked at how some of the biggest companies in the S&P 500 have fallen to single-digit levels. In a March 4 blog post, he wrote: “Harman (HAR)? Private equity wanted that stock in the $50s. They can now have all that they want at $9.” Cramer’s Fallen Mighty includes Apple (AAPL) and Limited (LTD).

Cramer’s Chinese Shopping List: Are the Chinese ready to start putting their money to work and buying up assets and companies around the globe? Cramer thinks so. In a March 3 blog post, he wrote: “If China starts buying now, there could at last be a bid underneath for some properties that may not have much hope right now but which could be worth something down the road.” Cramer’s Chinese Shopping List include Peabody Energy (BTU) and Motorola (MOT).

Cramer’s Oil-Stock Buys: Is it time to buy oil stocks? On Wednesday's "Stop Trading!" segment, Cramer told viewers: “The multiples are the lowest I've seen, and if oil stays in the $40s, these companies are going to make a lot of money.” Cramer’s Oil-Stock Buys include Exxon Mobil (XOM) and Occidental Petroleum (OXY).

Cramer’s Right Defensive Stocks: Cramer thinks investors have to be in the right defensive stocks to make money in this bear market. On last Friday’s “Mad Money” episode, he told viewers that not all defensive stocks are the same. Procter & Gamble (PG) might sound defensive, but with increased competition he prefers other names in the space. Cramer’s Right Defensive Stocks include McDonald’s (MCD) and Wal-Mart (WMT).

Cramer’s Thriving Discounters: Cramer sees opportunity in a number of discounters. In a March 5 blog post, he wrote: “These companies are supposed to thrive in hard times but they still represent bargains or aren't liked by analysts, particularly Family Dollar (FDO).” Cramer’s Thriving Discounters include Monro Muffler (MNRO) and AutoZone (AZO).

Who’s on Stockpickr Answers? David Peltier will be on Stockpickr Answers on March 6 to respond to investing and trading questions posed by members of the Stockpickr community. Not a member? Join the Stockpickr community today -- free.

P.S. Where is Jim Cramer putting his own money? Take a free peek at his personal portfolio to see all his buys and sells by clicking here. When you do, Jim will also send you exclusive email alerts telling you everything he’s about to add to or shed from his Action Alerts PLUS portfolio -- before he makes his trade.