Friday, July 10, 2009

ECONOMY NEEDS MORE THAN A SUGAR PILL

Legendary investor Warren Buffett says the American Government should be considering a second stimulus.

He told ABC's "Good Morning America" that "We're not in a freefall, but we're not in a recovery either,"

He likened the first $787 billion stimulus package passed by Congress to "half a tablet of Viagra and then having also a bunch of candy mixed in --- it doesn't have really quite the wallop."

The Obama administration says it does not see a need for a second stimulus.......... yet.

Critics are already saying the government has done enough and that future generations will pay the price. As in Canada, the reason the first one hasn't yet fueled a recovery is that few funds from the first stimulus package have yet been released.

Is it too early to be talking about a second package?

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