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Jim Cramer: Money's Going to the Wrong Place in Biden's Stimulus Package

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We have a new stimulus plan.

The package was unveiled by President-elect Joe Biden late Thursday.

Biden’s "American Rescue Plan" includes $1,400 checks for individuals, on top of $600 provided in the last relief bill. Other elements of the plan include extending supplemental unemployment payments and a moratorium on evictions and foreclosures through September.

Watch: Everything Jim Cramer Is Watching in the Stock Market Friday

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

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