THE world's second-richest man has dismissed Barack Obama's $787billion stimulus as just 'half a tablet of Viagra and a bunch of candy'.
Warren Buffett warned the U.S. President's first rescue package - worth £484billion - 'doesn't have really quite the wallop'.
The investment guru believes a second, more potent stimulus could be needed to jumpstart the world's biggest economy. His warning will increase the pressure on Mr Obama, who is not convinced of the need for a further bail-out.
Mr Buffett, who supported Mr Obama in last year's election, said the U.S. is showing little sign of returning to growth. Americans suffered 'a shock to the system' following the financial chaos of last autumn.
Although there were signs that the economy was starting to recover, Mr Buffett predicted that U.S. unemployment, which is already at a 26-year high of 9.5 per cent, could peak at 11 per cent this year.
Known as the 'Sage of Omaha', Mr Buffett, 79, has amassed a £23billion fortune as one of the world's most successful investors. In 2002 he warned complicated investments known as derivatives, which were at the heart of last September's banking meltdown, were 'financial weapons of mass destruction'. buying sildenafil online north carolina
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