Wilbur Ross: They May Have to Put Together A Second Stimulus Package

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Oct 21, 2009
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(GuruFocus, October 21, 2009) Investment Guru Wilbur Ross commented on the state of economy and especially how to solve the economic sluggishness.


He thinks the administrator’s approach is one step at a time, it creates too much uncertainty to the private sectors.


He thinks the Federal Government may have to put together a second stimulus package next year.


According to him, government and healthcare are the only sectors where we have some growth. The manufacturing is not coming back that well.


He suggests we should expand the cash for clunker program and extend tax credit to all people not just the first time buyers.


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