Jim Cramer is not happy with Barack Obama's mega-budget stimulus package!
During a video segment on Thursday, Cramer called the plan a fraud
and a disaster for America
. He said: "The only thing I wanted out of this bill was a big tax credit if you bought an existing home, and we didn't get that. There is nothing here, nothing at all."
Cramer doesn't see any new job creation coming out of the stimulus plan, or any help for the mortgage businesses of struggling banks such as
Bank of America
. Cramer believes the $500 tax credit for first-time homebuyers is a joke and that it shows that Congress has no clue about what the major problem in the U.S. economy is: the real estate market.
Cramer is defiantly not feeling bullish, and he's disappointed that Congress didn't address the real issues. However, he is also aware that he has little control over what Congress does, but he can look for pockets of strength and follow the action on the tape to find the next bull market.
Recently, Cramer found opportunities in stocks he thinks are oversold, stocks driven by China and online education stocks. Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on
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