Billionaire investor Warren Buffett said Wednesday he's still not sure when the economy will recover, but he expects the rebound to be slow because American consumers remain uneasy.
"We need to get money in people's pockets. The first stimulus plan did not do that very well," Buffett said.
Buffett said the slow economic recovery the nation is experiencing now is related to the financial excesses of previous years, when many people and companies spent beyond their means.
"I thought it would be slow to come back and it has," Buffett said. "The hangover is sort of proportional to the binge."
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