Buffet Says Second Stimulus May Be Needed
http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN0944100220090709
Warren Buffett, the legendry investor has said that the US government may need to bring in a second stimulus package to revive the economy and put an end to the current recessionary conditions. Speaking during an interview, Buffett who is the founder of Berkshire Hathway said, although the financial and the economic situation had improved in the sense that there was no freefall, but there was no recovery visible yet. Rising unemployment remained an area of concern and could even go up to 11% before declining to a reasonably acceptable level, Buffett said. A second stimulus package may in fact be required to boost the economy, although Obama administration has repeatedly said that there was no need for such a program.
