Posted on 07/09/2009 11:31:11 AM PDT by LottieDah
As debate grows about a possible second stimulus package for the flagging American economy, at least one legendary investor is giving the idea his guarded approval. The "Oracle of Omaha" believes a second stimulus may be called for.
"I think that a second one may well be called for," Warren Buffett, the CEO of Berkshire Hathaway, told "Good Morning America" today. But, he added, "you hope it doesn't get watered down in many ways."
Buffett cautioned that a second stimulus package, like the first, won't be "a panacea," because stimulus packages take time to work. He criticized lawmakers' work on the first stimulus package, which contained $787 billion in spending.
(Excerpt) Read more at abcnews.go.com ...
He stands to benefit from them I would bet
Yeah, spend, spend, spend, spend! What a freakin' idiot.
The “Oracle of Omaha” is really the “Oracle of OBAMA!”
...I put Buffet on a list of public figures who need to shut up along with Colon Powell and Alan Greenspan...Bill Clinton was on the list but lately seems to be minding his own business.
If a second stimulus is necessary the only one that should be considered is a TAX CUT.
Follow the Money!! Buffett MUST get some of this money......wonder how???
Amen! Give everyone a year off from paying any kind of federal tax! Then, you MIGHT see some economic activity!
“The tank has got a leak, so let’s pump more fuel to compensate the loss, and do nothing else!”
No, it'll be "a macaca" :-((
This just proves that everyone has a blindspot. Buffett is a moron when it comes to politics.
“He stands to benefit from them I would bet”
My first reaction as well. What’s a few measly billion, anyway? It’s not like anyone’s keeping track.
Yes, but some work more quickly than others and some are much more effective at providing stimulus than others. The one passed by the dolts in control at this point is a downer on both points, it's slow and it doesn't even begin to address the problem.
This is a great example of the liberals’ core belief that one-size-fits-all. Whether it's education or whatever they come up with a program that lets them “do something” and never check to see if the program is working, just quickly move on to the next item on the agenda.
I’m sure he’d love it if the treasury just agreed to comp him for his losses right out of the till. Pffft.
Obama is a slickster. He knows there is little support for a second stimulus so he’s going to try to use Buffet to trumpet it.
Knee Cap and Trade, Wind, Solar, ect.
“Green jobs and Green shoots” to those with their hand in the honey pot.
Sure, the first one DID SO WELL, lets have another.
This guy should go back to stock picking.
Osama got what he wanted out of Buffet, credibility and $$$. I am sure they would like him to just shut up instead of pointing out the obvious failures.
Hey Warren, how about if you kick in the first $30 billion?
Let Buffet PAY for Porkulus II !
If Buffett wants it, let him pay for it. I’m finished doling out money so politicians can use it to keep their jobs.
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