Buffett says it's necessary to launch a second stimulus package

Beijing time this morning, Warren Buffett in a television interview said that the U.S. unemployment rate is likely to rise to 11%, as the economy is still struggling to recover from the recession, it may be necessary to launch a second round of economic stimulus package. Mr Buffett points out that while the U.S. economy is not in the midst of a free fall, it is not recovering. He said the first 787 billion dollar stimulus package passed by the US Congress was not sufficiently stimulating, so it was necessary to launch a second stimulus package, although it would not solve all the problems. Mr. Buffett also predicted that the US unemployment rate could continue to rise and that the jobless rate of 11% per cent before the economic recovery would not surprise him. He concluded the interview by saying that the U.S. economy will eventually emerge from the crisis, but now it seems to take some time.