Next, Cramer would like to see the markets cleaned up, so the retail investor can get back into the game. Naming Preet Bharara as U.S. Attorney General would be a good start, he said. After all, Bharara is currently the U.S. Attorney for the Southern District of New York, where he’s built a reputation for being tough on insider traders and what Cramer called the “crooks that populate the banks.”
“Serial offending banks should be indicted, not be made to settle,” Cramer said. “And therefore pay the government money funded by shareholders, not wrong-doers.”
Cramer would also like for Arthur Levitt to return as Chairman of the U.S. Securities and Exchange Commission. To Cramer, Levitt was the “best SEC chair we’ve ever had.” He thinks Levitt would help level the playing field for retail investors by eliminating “ridiculous” financial engineering, including high-frequency trading.
Additionally, Cramer would demand that all federal vehicles be retrofitted for natural gas-powered engines, thereby reducing the demand for foreign oil. Utilizing natural gas as a transportation fuel on a widespread basis would also create jobs, Cramer said, as workers would need to build the pipeline network, fueling stations and overall infrastructure. If more vehicles operated on natural gas, Cramer thinks the price of gas would drop, giving more money for consumers to spend and boosting the economy.
“I would have the Federal government take advantage of the low rates and issue $500 billion in 30-Year bonds to fix the nation’s infrastructure and another $500 billion to help refinance the deficit,” Cramer continued. “Believe me the market would lap up both.”
Cramer would tax goods from countries that “pollute beyond reason.”
“That will stop the endless parade of jobs from our country, which has strict pollution rules, to others that don’t and therefore have a ridiculous competitive advantage,” Cramer said.