Posted on 07/09/2009 9:06:58 AM PDT by Boiling Pots
...
Buffett, a supporter of President Barack Obama during last year's election campaign, said a second economic stimulus package might be needed. The Obama administration says it does not see a need for a second stimulus yet.
"I think a second one may well be called for. It is not a panacea. A stimulus is the right thing. You hope it doesn't get watered down," he said.
He likened the first $787 billion stimulus package passed by Congress to "half a tablet of Viagra and then having also a bunch of candy mixed in --- it doesn't have really quite the wallop."
...
(Excerpt) Read more at finance.yahoo.com ...
i used to respect buffet.
We need a first stimulus. The “stimulus” bill passed wasn’t a stimulus, it was an economy-killer.
We need to rescind the remainder of the 1st stimulus, and apply the money to a new stimulus that puts money in the pockets of americans, who will spend it a lot better and quicker than the feds.
Spending increases will drive up sales taxes, which will then funnel money to state and local governments. Spending will drive sales which will require workers which will mean income taxes for state and local governments.
warren please SHUT UP!
Is Buffet now an elected individual? Did O not give him his share from the earlier theft?
Warren must be on the wrong side of some of his billion dollar bets on the Obama admin.
Old fool. He got played like the political suckah he is.
Warren Buffett has officially lost his mind.
Fine by me, Warren. When are you writing the check?
“We need to rescind the remainder of the 1st stimulus, and apply the money to a new stimulus that puts money in the pockets of americans, who will spend it a lot better and quicker than the feds.”
You nailed it!
So where is the money going to come from that you put in Americans pockets? From their pockets! The whole idea makes no sense.
The obnly problem with that is, the money does not really exist yet. They would have to print the money and then send it to people, what people do you think would get the money?
Warren Buffett is a dick.
So Porkulus FAILED miserably and Buffet thinks the solution is another Porkulus FAILURE. Pathetic.
Well, unless we find any conservatives for 2010, money is going to get printed no matter what. Printed or stolen, it would still do the most good in the hands of anyone except bankers and government.
I’m starting to think we’d be better off taking financial advice from Warren’s distant cousin Jimmy.
Fins to the left, fins to the right, and ladies and gentlemen, we are the only bait in town.
Porkulus failed only because the Republicans wouldn’t allow it to be the correct size.
/spin
Seal your own fates: Pass another Stimulus, please.
"Don't urinate in the same place twice."
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.