Waiting for the stimulus ‘oomph’ — LA Times opinion


Should President Obama seek a “second stimulus”?

Billionaire investor Warren Buffett says yes. “It looks like we’re going to need more medicine, not less,” he said last month. “The recovery really hasn’t got going.”

Obama’s top economic advisor, Lawrence Summers, says no. “The [stimulus] policies appear to be working,” he told the Council on Foreign Relations.

The debate over whether the 5-month-old stimulus plan is working is still a little premature, but that hasn’t stopped economists and politicians from jumping into the fray. The most urgent reason for the debate: jobs.

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