Rejection of stimulus a big mistake: investor
(NEWSER) - Worry no longer about an impending double-dip recession—it’s already here, says George Soros. “I think we are in it already,” the billionaire investor told CNBC , citing Republicans’ rejection of fiscal stimulus as a key problem. “We have a slowdown and basically a conflict about whether the rich ought to pay taxes to create jobs or not,” he said. A scuttled deal in Washington “would have balanced the budget over the long term, but would have allowed short-term fiscal stimulus, which would have been the right policy,” he noted. More»
