Buffett calls for second stimulus

re: Buffett calls for second stimulus

Alan - Baltimore — Thu, 17 Sep 2009 13:00:47 GMT

Andy-The rich are mostly people who are in a position to "game" the economic system that we have set up. The vast majority of the people have NO capability to advance their welfare no matter how hard they work or even if they try to start a business. We have virtually NO upward mobility--odds not much better than the lottery.

Hearing the rich complain about "unfair" taxes is like hearing a rapist complain about the quality of sex they are getting from the woman they are raping.

Even Adam Smith (author of "Wealth of Nations") wrote that those who can more easily afford taxes should pay a greater share.

re: Buffett calls for second stimulus

BETTY BARTLETT — Wed, 16 Sep 2009 22:24:03 GMT

all our people in congress should take a pay cut just like us buy your own insurance and drive smaller cars and nobody but the president should have a choufer. let them see how we live or we will vote everyone out of office. no one should be there after the age 65. the people are to old and their minds arent sharp any more. RETIRE OR GET THROWN OUT OF OFFICE. GET SOME NEW BLOOD AND SHARP MINDS AND DONT TELL ME 90 YEARS OLD IS DOING ANY GOOD FOR OUR COUNTRY. THEY HARDLY EVEN COME TO WORK

re: Buffett calls for second stimulus

jorlando — Fri, 04 Sep 2009 21:01:00 GMT

No one would complain about the stimulous money if the government had given each individual $20,000 instead of spending $37,000 on banks and bailouts. We would have gladly spent in on the economy, and would be thrilled to have it.

Instead of spending money on those that stripped our 401k's etc, and lied to us.

If they did this we would have no recession or unemployment problems

re: Buffett calls for second stimulus

Ivben Farteen — Fri, 04 Sep 2009 17:48:58 GMT

Warren is correct. We a need a stimulus that creates real jobs for real people, not a hand out. There are plenty of things that need to be fixed in this country, let the people fix them and get paid for it. Unlike a big company, the US government will never just go bankrupt and start over. Also, the US government makes plenty of money (called taxes) so they can push debt out for 20 years. You think that is a bad idea? How long is your mortgage? Just think about it and you will see that Warren is correct to ask for a stimulus that helps employment.

re: Buffett calls for second stimulus

Free Me — Fri, 04 Sep 2009 16:09:11 GMT

This article was printed on JULY 9th. In an AUGUST 18 op-ed piece Buffett wrote for the New York Times he describes what he calls the "greenback effect", the Fed printing all of the new currency. He also warns that "unchecked greenback emissions will certainly cause the purchasing power of currency to melt".

Besides stating the obvious to many, he seems to have an argument with himself as to whether he supports the Obama Administration and the economics of Keynes or is genuinely concerned about the future of the economy due to the threat of increased inflation.

Whichever it is Warren, another stimulus is not the answer. The man you supported for the White house has frittered away the first stimulus of .8 trillion dollars to pay his supporters, ie ACORN and the unions (saving? GM and Chrysler), with no beneficial affect on the economy or the rest of society. More of the same, I do not think so.

You have been a smart investor and I have owned your stock....But I am wondering if you are starting to lose it when you advocate debt for the government, but you would be horrified with an equal percentage if it were on your balance sheet

re: Buffett calls for second stimulus

sharon — Fri, 04 Sep 2009 15:49:32 GMT

I recently became a widow.I took care of my husband for 5yrs so I was unable to work.Now there is no work,and they wont give me benefits untill I turn 60.Whats wrong with this picture?Wheres the help for our people who are going down.losing everything they have?Im 4 mos behind in rent,sold my vehicle to pay my power,sold my husbands drums to pay my power,my phone cable and internet is about to be shut off.Does the government care about me??NO!!!!!!!!!!!

re: Buffett calls for second stimulus

John Elliott — Fri, 04 Sep 2009 15:06:44 GMT

The flaw in the government theory about the stimulus money flowing into business and encouraging spending to create jobs is wrong. Demand for goods and services stimulate business to spend money and create new jobs. The consumer engine that drives the economy will not run without jobs.

re: Buffett calls for second stimulus

TD — Fri, 04 Sep 2009 13:31:23 GMT

Is this the same Warren who was preaching about inflation? yea, another stimulus should really help with inflation, NOT! How much did Warren invest in GE and Goldman? And who's at the Presidents round table of give aways? Which companies stand to profit from more taxpayer money? Mr. Buffet is just protecting his investments like any good billionaire would. MO MONEY! MO MONEY! MO MONEY!

re: Buffett calls for second stimulus

Phil — Fri, 04 Sep 2009 13:08:53 GMT

The money should have been used to stop foreclosures. Simply say "No more foreclosures". The money used to stop the foreclosures would be repaid,when the house eventually sold, with interest. This would have saved the banks, the neighbors who paid cash for their home and watched investment cut in half, and the tax payer who would have recovered their investment. Giving the money to the banks, who played a large greedy part in the problem in the first place, has not helped anything. It is almost impossible to get a loan modification because of the drop in value of housing.

re: Buffett calls for second stimulus

A Working Man — Fri, 04 Sep 2009 11:45:15 GMT

Hi, if some one is really good at some thing I listen to him, in Buffetts book he says , if he had an older manager who does not want to retire he does not force him to retire, if the person is older that doesnt matter, what matters is that he is a good manager, older people have more experience, he also said it is hard to teach a young dog old tricks, I listen to him ,I save money and invest it for my families future, A Working Man !!!!!!!