The Mad Money host is convinced that there's another catalyst at play – one which he thinks trumps event the nasty turn of events in Washington.
It's the wealth effect.
That is, a combination of higher home values and higher stock prices are making people feel better - about everything.
"If you own a home, you're probably feeling pretty good because all over the country houses are going up in value. If you're one of the 90 million Americans who owns stocks in one form or another, your portfolio is likely worth a heck of a lot more than it was even six months ago," Cramer said.
--------------------------------------------------------------------------
More from Mad Money with Jim Cramer
Game Plan: What's On Cramer's Radar?
Home Depot or Lowe's - The Better Recovery Play?
5 Dow Dynamos Should Drive Dow Further
--------------------------------------------------------------------------
If Cramer is right, it would seem reasonable to conclude that as long as the wealth effect remains intact, the economy should be able to weather the storm and transcend the woes of Washington.
Of course, if lawmakers could achieve compromise – Cramer thinks the nation could embark on a new age of American greatness. "I marvel at what kind of growth we could have if Washington helped. But I am realistic: it is not going to happen."