March 11, 2009

I VOTED FOR WHAT?:

Sage Advice: Barack Obama needs Warren Buffett more than Buffett needs Barack Obama. (John Dickerson, March 10, 2009, Slate)

Obama could use a little Buffett validation right now as he seeks to bolster investor and consumer confidence about the plans he has enacted and the plans he has yet to unveil. He didn't really get it Monday as Buffett gave his views on the economic crisis during a lengthy interview on CNBC. Buffett made a broad critique of the politicians in Washington. And while he called out Republicans for being obstructionist, his most specific remarks were aimed at congressional Democrats and the president. "I think that the Democrats—and I voted for Obama and I strongly support him, and I think he's the right guy—but I think they should not use this—when they're calling for unity on a question this important, they should not use it to roll the Republicans." He also said it was unproductive to blame the Bush administration and use the crisis to get funding for "pet projects."

Posted by Orrin Judd at March 11, 2009 6:25 AM
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