U.S. President Barack Obama asserted that the Chinese should pull back from military activity in some of the disputed regions of the Pacific on Wednesday. But Cramer wants to know — how the heck can the president back that statement up?
Right now, it appears to Cramer that the Middle East is an all-hands-on-deck situation. Supplies may be limited, considering that the U.S. is still hanging around Afghanistan and continues to remain vigilant against Russia after its incursion into Ukraine.
"I'm not trying to be a warmonger or a fear-monger or a profiteer, but I have to wonder, do we even have enough aircraft carriers to do all of those things? Do we have enough planes? Do we have enough missiles? Do we have enough soldiers in the right places?" the "Mad Money" host asked.
Cramer believes that defense stocks like Northrop Grumman, Raytheon, General Dynamics, Harris, Lockheed Martin and Huntington Ingalls will all rally into most of the presidential debates.
Read More Cramer's message to Obama: This could be like 1980
On Tuesday, railroad company Norfolk Southern was approached by Canadian Pacific with a $95 per share takeover offer. Given that the stock was trading above $117 at one point this year, Cramer decided to research further to decide if the company should take the money and run.
"Right now, it sure sounds like Norfolk Southern wants nothing to do with this offer, or at the very least, the company wants something much higher if it is going to sell out to Canadian Pacific at all. I can't blame them," Cramer said.
Right now the railroads are caught in the grip of a massive decline in coal, a major cargo for the rail business. However, all of the utilities that can switch from one fuel to the other have mostly done so.
So, it is pretty easy for Cramer to see why Norfolk Southern is saying that coal's decline is bottoming out, which means the stock reflects too much negativity and not enough of the positives that come from its robust intermodal traffic.
In the Lightning Round, Cramer gave his take on a few caller-favorite stocks:
Semgroup: "No, I want to sell it ... I'm not going to play Semgroup because I would rather do EPD. That would be better."
Manitowoc Company Inc: "While I do believe that those two don't belong under the same roof — that's the foodservice equipment and the cranes — that crane business is in a Chinese related cyclical decline, but people don't think China is going to pull out of that tailspin."
Read MoreLightning Round: It absolutely has bottomed