Warren Buffett Backs Obama
By Justin Gardner | Related entries in 2008 Election, Barack, Economy, Money
The “Oracle of Omaha” (or “Sage” as noted below) is putting his considerable economic gravitas behind the Democratic candidate.
Buffett told a press conference here Monday he had offered support to both Obama and Democratic rival Hillary Clinton but that since it appeared Obama would win the party’s nomination, “I will be very happy if he is elected president.“He is my choice,” Buffett said.
Commenting on the US economy, the 77-year-old investor who is known as the “Sage of Omaha,” stressed that fiscal, monetary and trade policies were of great importance.
“I think that the US has followed and is following policies which will cause the US dollar to weaken over a long period of time,” he said.
I guess he’s tired of the Repubilcan’s version of “fiscal responsibility.”
This entry was posted on Monday, May 19th, 2008 and is filed under 2008 Election, Barack, Economy, Money. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
May 19th, 2008 at 7:48 pm
I could be wrong, but I though Buffet was always a rather progressive guy. I doubt he was ever a Republican.
May 19th, 2008 at 10:29 pm
Buffett’s frugal with his money but he’s never been a Republican. The Right could learn a thing or two from the guy, though.
May 20th, 2008 at 11:42 am
I didn’t get the last line either, he has always been for more Democratic policies than any GOP ones. He is for the estate tax, thinks the rich don’t get taxed enough and it’s easy to get around taxes. Believes government should not be in the business of gambling. He believes it is a tax on ignorance (although many GOP don’t like gambling either).
November 28th, 2010 at 7:32 am
I think he’s not for either party knowing that each party will inevitably succumb to the lobbyists. Rather he looks at the individual and gauges leadership qualities independent of party politics.
I believe Warren Buffet sees that Obama will attempt to distance himself more and more from party politics and commercial lobbyists, but Warren Buffet also knows that at the same time the odds are stacked against Obama.
December 8th, 2010 at 7:16 am
I agree with buffet fan, I don’t think warren Buffet particularly favors any party or politician, there was no real standout at the the time, except maybe Ron Paul. To date I don’t think Obama has done that bad, but of course he could have done a lot better, even Barack Obama has succumbed to the pressure of lobbyists which is a real disappointment.
I look forward to the next US election, even though I live in Australia.