Thursday, July 9, 2009

Buffett likes to have Your Money For Free (again) as he complains about Your First Gift.

Thanks man, just put it over there

What a crap did you gave him the first time (US$ 787 Billion)! Just make sure it is all for him the second time and not for Wall street. He prefers cash, cannot promise anything but make it snappy. Also Krugman likes to spend for a second time; after all, who doesn't like to spend? Spending should be ingrained by now in the American DNA. And Krugman is looking for a government job, so that bloody convenient. Of course bail-outs do not work, have never worked and the government is playing for time as the day of reckoning will come soon.
Buffett Backs Second Stimulus

The Legendary Investor Is Critical of the First Stimulus Package, Comparing It to Viagra and Candy

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.

"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."


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