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Warren Buffett: Economy Needs Another Stimulus to Get It Up

You think I’m making this up? Nope, one of the world’s richest potential Viagra users just agreed with what the country’s best Economic Doctors have been saying: We need another stimulus. Via ABC:

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."

. . .

"Our first stimulus bill … was sort of like taking half a tablet of Viagra and having also a bunch of candy mixed in … as if everybody was putting in enough for their own constituents," he said. "It doesn’t have really quite the wall that might have been anticipated there."

I’ll take his word for it, but it sounds logical. Listen to the man.

While we’re debating this . . .

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Warren Buffett: Economy Needs Another Stimulus to Get It Up

You think I’m making this up? Nope, one of the world’s richest potential Viagra users just agreed with what the country’s best Economic Doctors have been saying: We need another stimulus. Via ABC:

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."

. . .

"Our first stimulus bill … was sort of like taking half a tablet of Viagra and having also a bunch of candy mixed in … as if everybody was putting in enough for their own constituents," he said. "It doesn’t have really quite the wall that might have been anticipated there."

I’ll take his word for it, but it sounds logical. Listen to the man.

And while we’re debating this . . .

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Scarecrow

John has been writing for Firedoglake since 2006 or so, on whatever interests him. He has a law degree, worked as legal counsel and energy policy adviser for a state energy agency for 20 years and then as a consultant on electricity systems and markets. He's now retired, living in Massachusetts.

You can follow John on twitter: @JohnChandley