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John Boehner posts

Warren Buffett calls for a second stimulus package

Posted Jul 9th 2009 12:00PM by Mark Fightmaster (RSS feed)
Filed under: Politics, Recession, Financial Crisis

There has been a lot of chatter lately about the possibility of a second stimulus package for America, and now it has received the blessing of Warren Buffett.

On this morning's Good Morning America (on ABC), Buffett said, "I think that a second one [stimulus package] may well be called for ... you hope it doesn't get watered down in many ways." Buffett leveled criticism at the first stimulus bill, calling it "sort of like taking half a tablet of Viagra and having a bunch of candy mixed in."

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U.S. House leadership's new task: Find 13 more votes ...

Posted Sep 30th 2008 8:59AM by Joseph Lazzaro (RSS feed)
Filed under: Forecasts, Politics, Financial Crisis

By almost all accounts, the defeat of the bailout / rescue bill stunned those both inside the beltway, on Wall Street, and across the nation.

Many political analysts projected that the bill would be approved by the U.S. House of Representatives by about a 80-100 vote margin. The reality: bill defeated, 228-205 and the stock market plunged a big seven zero zero and more.

Public policy analysts, professional and otherwise, will spend ample time investigating the reasons why the bill failed, but in a crisis such as this one, congressional leaders, save for reviewing their mistakes, do not have time for the stuff of graduate seminars in public policy: they need to get a rescue bill passed.

Now what?

Well first, don't panic. As George Bailey (Jimmy Stewart) said during the bank run on the the Bailey Building & Loan in the movie, It's A Wonderful Life, "Now just remember that this thing isn't as black as it appears. Now, we can get through this thing all right. But we've, we've got to stick together."

Continue reading U.S. House leadership's new task: Find 13 more votes ...