March 11, 2009

BUFFETT

The few people I know who voted for Obama usually specified that his having Warren Buffett backing him up was proof that he would do a great job with the economy. So I am wondering how those same people are reacting to Buffett's rejection of all this stuff Obama is proposing: card check, criticism of corportate jets, cap and trade, etc. I mean, he was so nice and gentle, but even so there are little hints throughout the three-hour interview that his man Obama is messing up:

BECKY: David Paterson, the governor of New York, wrote an opinion piece in The Wall Street Journal over the weekend, and he said, "The mortgage plan that the president has proposed is the right one." Do you agree with that?

BUFFETT: Well, I don't even know all the details, but I would say that the administration ought to be willing to listen to very prompt suggestions on ways to make it a little bit better.

Bwahaha.

BECKY: I feel like I have heard that from the president, that we will stand behind the banking system and it will be here. What can he say more specifically than that?

BUFFETT: I'm not sure he said it quite that way...

This exchange was sure interesting:

BECKY: We have people asking questions about things that the administration has already put out. In fact, Bob wrote in from Baltimore, Bob Knott, who says, "On a scale from one to 10, how would you assess the value to the US economy of President Obama's recently enacted stimulus plan?"

BUFFETT: Oh, well, the stimulus plan's going to take a long time to kick in. I mean, there'll be certain things kick in fast. But the stimulus plan is part of the recovery, but it's not the most--it's important to put it in, but there's other things that need to be done now to restore confidence. You're not going to--you're just not going to see that much happen.

Fantastic. Good thing we rammed that monstrosity through.

Slate has some more shocking quotes from Buffett.

Anyway, I'm just curious. I read the whole thing, and it seems like Buffett truly likes and supports Obama -- but if he calls him "articulate" one more time, I'm gonna lose it -- so he hesitates to flat-out call him on the carpet and tell him that he's making some bad choices. But he hints at it plenty.

Posted by: Sarah at 03:34 AM | No Comments | Add Comment
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