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| Oracle of Ohama Fighting Obama, Thinks We Need a Second Stimulus - July 10, 2009 |
Warren Buffett is calling for ... a second stimulus. Wait a second...didn't we just have a stimulus. Isn't this
current stimulus only 10% of the way into it. However, Warren Buffett is calling already for a second
stimulus already. Why?
Buffett said that the first stimulus was like "half a piece of viagra." But the real issue Buffett is having, he
says and reports agree that the stimulus package is not being paid out fairly and going to some states
that are Obama friendly, as well as, a lot of money is going into transportation.
While most analysts have noted that we should just wait to see how this stimulus goes, it appears the
point that Buffett is trying to make is that this stimulus just is not working. He also has criticized how slow
the current stimulus package has gone out.
The real key, though, is that the current stimulus is simply just not appearing to work. While it is early, if
the stimulus is not done right, Buffett thinks another will be needed.
The Oxen Group is not affiliated with Berkshire Hathaway, Warren Buffett, or any of their affiliates.
current stimulus only 10% of the way into it. However, Warren Buffett is calling already for a second
stimulus already. Why?
Buffett said that the first stimulus was like "half a piece of viagra." But the real issue Buffett is having, he
says and reports agree that the stimulus package is not being paid out fairly and going to some states
that are Obama friendly, as well as, a lot of money is going into transportation.
While most analysts have noted that we should just wait to see how this stimulus goes, it appears the
point that Buffett is trying to make is that this stimulus just is not working. He also has criticized how slow
the current stimulus package has gone out.
The real key, though, is that the current stimulus is simply just not appearing to work. While it is early, if
the stimulus is not done right, Buffett thinks another will be needed.
The Oxen Group is not affiliated with Berkshire Hathaway, Warren Buffett, or any of their affiliates.
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