Buffett has been a fantastic investor & evaluator in businesses & investments so why is he so wrong in fiscal policy? He would NEVER invest in a business that takes on HUGE debt to spend on a business plan that has repeatedly failed- so again why is it a good idea for We the People to borrow & spend our way to prosperity? Simple it's not. Lower taxes a lot and spending even more and behold the power of the market. Figure it out Warren it is NOT that complicated: Govt= waste, inefficiency, fraud and abuse.

To start with, most of the "stimulus" money has yet to be spent. It takes too long to take effect, and Buffett is right; it contains too much pet pork. Wake up, I think another stimulus bill is more likely to stoke inflation than anything else. If you want to do something, stop this cap and trade bureaucratic nonsense and forget the nationalizing of healthcare. I don't care what they say about healthcare reform, the end result will be nationalized and rationed healthcare. In lieu of all of that spending, put in place some permanent tax cuts. Making the Bush tax cuts permanent would do it. After all, it is the private sector—the engine of the economy— that creates all the wealth, not the public sector. All those stimulus created jobs will go away after the stimulus money runs out, unless they end up built into the government structure and end up as another drag on the economy—permanently. At very best, stimulus bills have only temporary effects. Tax cuts let American ingenuity flourish!

So who is becoming a billionaire using this stimulus money?  Who keeps track of it?  It should be going to the tax payers as relief from Government intervention; those that delve into our pocketbooks looking to see if we have anything left.  

It is our money.  The Federal Government can't control themselves with it.  They are like the drunk Englishman that went to Spain and gave his inheiritance away.  They sent him home.  Exactly what we should be doing with our Congressional members.

Give us Tax free wages for the rest of this year and for 2010 and the economy will come back very nicely, thank you.  

I really think the money should be dispursed to the people thet make less than 100.000.00 per year. After all the are the spenders of this country. The people would FLUSH the money back into the industries that are struggling. Such as the banks and auto world and the smarter ones will invest in the market and stocks and bonds. With this in mind it would be tricky to give it to the people that are not depending on government aid already. (welfare cases) Or people that collect welfare checks.

Why is the money promised not fully into play.  I have been on sites that indicate certain funds, mainly for infrastructure,  may not start flowing until 2010 or 2011. That is quite sometime from now, when many people could use the work and trickle down effect it is supposed to trigger.  There is money allocated for construction projects, we need to get them started.

Curt- I know your plan to redistribute the wealth to those most in need sounds nice and practical but it is neither. It is immoral and completely wasteful. The 'Stimulus' is money taken from productive members of society- you say those making under $100k are the 'spenders' but that is preposterous. What do 'rich' people do with their money- hide it in the wine cellar? NO they invest it in businesses, equities, bonds, real estate, etc that multiplies and creates jobs. The way it is SUPPOSED to be. Taking from the rich and giving to the poor is STEALING, if I break into your house an take it directly or if the govt confiscates it via payroll witholding it is wrong. The govt does NOT have any money it only takes from tax-paying citizens (an increasingly shrinking pool). Let's all get our hands out of the other guys pockets and take care of ourselves.

Buffett I believe has gone off the deep end on this one. Jim Rodgers may have it right when he says,"Warren Buffett can't pick stocks any more!"

No more stimulus, we all are toughing it out. It is time the government, big business, take a pay cut too and join the fun we are having. The government continues to get their annual pay raise. What a bunch of hypocrites. I have a small business and did my best in 2006. 2007 business dropped in half, again in 2008 and this year I am just barely hanging on with again 50% loss of revenue. Maybe when government officials and big business execs. take a 50% loss in pay year after year for themselves we might care what they think. I am definately voting everyone in office out next election.  

It seems to me that the talk of a second stimulus is mostly politically motivated. Obama needs a rising stock market to make the people feel good enough to pass healthcare and environmental reforms. The solution is to talk about another stimulus while not preparing for one. This is at a time when the $787 billion stimulus has not yet been spent.

And wouldn't this be the third stimulus? Maybe we've all forgotten the $600 direct-to-consumers stimulus because it was soaked up by rising oil prices and completely ineffective.

The govt CAN"T give anything to anyone it doesn't first take from someone else. If my daughter sold $100 worth of lemonade at her stand, and i'm the only person who bought any, well how much wealth (ie jobs) did she actually create? ZERO. Thats the same thing our govt is trying to do. Take my money, use it to create some usless job for a useless person, then say they created a job and stimulated the economy. Their only criteria for job growth is it must be a job that wasn't there before. Who cares if its useless. Has Obama even considered whats going to happen to all these jobs once the money runs out?  If the govt. would just get out of the way, STOP trying to fix all of our problems, we would all be MUCH better off. Give me a tax cut. I'll go spend my money on a new TV or a second car and that will stimulate the economy.

   Buffet says there was too much pork in the first stimulus. Well whose fault is that? Its the fault of the people who created the bill. And now we're supposed to trust that they'll get it right the second time around? Get real.  If people don't wake up to this BS fast, we're all going to be in a world of hurt. Obama will run our country into the ground.