Buffett vs. Obama


Via Mickey Kaus, I see that yesterday Warren Buffett had some less than loving words about Obama and his budget (I've edited this slightly for readability and the rest is after the jump):

[J]ob one is to win the war, the economic war, job two is to win the economic war, and job three. And you can't expect people to unite behind you if you're trying to jam a whole bunch of things down their throat. So I would absolutely say, for the interim, till we get this one solved, I would not be pushing a lot of things that you know are contentious, and I also would do no finger-pointing whatsoever. I would not say, you know, `George'--`the previous administration got us into this.' Forget it.
[And] you've heard this comment recently from some Democrats recently that a 'crisis is a terrible thing to waste.'

[...]in my view, it's an economic war, and--I don't think anybody on December 7th [1941] would have said a 'war is a terrible thing to waste, and therefore we're going to try and ram through a whole bunch of things and--but we expect to--expect the other party to unite behind us on the--on the big problem.' It's just a mistake, I think, when you've got one overriding objective, to try and muddle it up with a bunch of other things.

The administration's claim that Warren is talking about Washington "writ large" is not convincing.

The rest of the transcript is here, here, here, here, here, here and here. I find it mildly annoying that CNBC felt the need to chop it into seven parts, and mildly strange that CNBC has an entire blog called "Warren Buffett Watch."

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Conor Clarke is the editor, with Michael Kinsley, of Creative Capitalism. He was previously a fellow at The Atlantic and an editor at The Guardian. More

Conor Clarke is the editor, with Michael Kinsley, of Creative Capitalism, an economics blog that was recently published in book form by Simon and Schuster. He was previously a fellow at The Atlantic and an editor at The Guardian. He is also on Twitter.
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