Galbraith and Buffett think a second stimulus is necessary
In reaction to recent comments about more stimulus by Laura Tyson, an advisor to President Obama, we have seen a host of commentators make their opinion known. Here are two more well regarded pundits: James Galbraith and Warren Buffett. They are both indicating more stimulus is necessary.
James Galbraith makes his point on Bloomberg. His recommendation is that stimulus address specific problems and be designed to add stimulus more quickly than with the first package. The video is below.
Similarly, Buffett made noises about the need for more stimulus this morning on ABC. He said the first stimulus was filled with pork and was not as effective as it could have been. His comments are available at the link at the bottom of this post via a four-minute video on ABC’s website.
Warren Buffett Backs Second Stimulus – ABC News