In an interview today, Warren Buffett stated that a second Federal stimulus bill might be necessary and referred to the first $787 billion bill as the economic equivalent of “taking half a tablet of Viagra and having also a bunch of candy mixed in … “.

Presumably Mr. Buffett is not happy with the amount of pork contained in the first bill.  One must wonder, however, whether it might not be better to restructure the original bill within the footprint of the original $787 billion rather than appropriating further spending at this time.

In the interview, Mr. Buffett also talks about the Federal “public-private” investment plan as well as the painful aspect of having to lay off 500 people within one of Berkshire’s subsidiaries.

It appears that ABC videos cannot be embedded.  Please click on this link for the video.

Disclosure:  The author owns shares of Berkshire Hathaway.

Buffett on Stimulus Plan: Half a Viagra with Candy Mixed In …
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