Did Buffett Turn On Obama Today?
I don't know if Warren Buffett feels he's been had by supporting Obama (like Jim Owens of Caterpillar). He certainly may, but who's to say. Even if he did though, I think he's too much of a gentleman and good citizen to say it. However, it comes damn close when, on the eve of major votes on two controversial bills that constitute the core of the Obamacrats platform, healthcare and global warming, he states in stark terms our current economic ill-health thereby discrediting this administration's and the Democrats' signature legislation to date, the porkulus bill. The inference is hard to miss - Obama said the stimulus bill was critical to economic recovery and it is a bust ("shambles", "no sign of recovery") and now he's saying that healthcare reform is needed urgently in order save money and help the economy, and cap-and-trade is needed desperately to save the planet. These are laughable assertions in and of themselves but Buffett isn't attacking them on the merits, he's obliquely attacking the credibility of you know who. He's saying 'these promises and these arguments are coming from the folks that gave us the stimulus package'. Do you not think that Republicans and Blue Dogs aren't going to run with this stark assessment emanating from perhaps the deepest well of economic credibility in America?