If find it amusing that Warren Buffett thinks we need another stimulus to the economy. If the first two didn't work, why would a third one? It will only add to an already monstrous deficit! And if there really are "green shoots", to use Barack Obama's term, and the economy is growing again, then why would one be needed at all? This is a tacit admission of defeat, since claiming that another one is needed is an acknowledgment that the first two didn't accomplish what they promised, and since unemployment is now substantially higher than they promised if we implemented stimulus #2!
from Bloomberg:
Billionaire investor Warren Buffett said the U.S. may need a second economic stimulus package as unemployment is poised to continue rising.
“It looks like we’re going to need more medicine, not less,” Buffett said today in a Bloomberg Television interview. “We’re going to have more unemployment. The recovery really hasn’t got going.” Buffett is chairman and chief executive officer of Omaha, Nebraska-based Berkshire Hathaway Inc.
