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.
Related Posts:
- Geraghty asks, “If the Stimulus Can’t Stop Construction Employment From Dropping, What Can It Do?”
- Freedomworks – OBAMA CONTINUES TOUR TO SELL FLAWED “STIMULUS”
- Business Week on the Stimulus: Where’s the $787 Billion?
- Bruce Bartlett — Additional stimulus spending could do more harm than good.
- Larry Summers: Recession Is Over Because Everybody Agrees — Reason’s Tim Cavanaugh
Tags: Warren Buffett
