Jim Cramer Trusts In Mulally (F, BA)

CNBC Mad Money's Jim Cramer praised the accomplishments of Alan Mulally on his show for managing to put two great American companies back on their feet.

Alan Mulally is Ford Motor Company's (NYSE: F) CEO, and he also served as Boeing (NYSE: BA) CEO during the time of its recovery.

Jim Cramer thinks that the auto industry and the airplane industry are able to lead the recovery of the whole country. He added that Alan Mulally is capable of leading Ford (F) to new highs. Cramer also discarded the views of analysts that speak about double dip recovery.

The Mad Money host also admitted that he made a mistake about Moog Inc. (NYSE: MOG.A), a company that makes airplane parts. He said that he should have been looking at this great American company when he analyzed Boeing (BA) suppliers, instead of some other stocks.