Warren Buffet Backs Obama For President

AFP:

Warren Buffett, the world's richest man, is backing Barak Obama for US president and thinks current US economic policy will push the dollar lower against other global currencies.

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.

Read the whole story: AFP

Comments

[jsarets]

Duh. Stock markets and the fortunes of capitalists like Buffet depend on societal optimism, and Obama is all about keeping the hope alive. Remember, folks, the next several years are going to suck because of the hole we've dug for ourselves. Somebody will have to be beamed into millions of households every night to tell us how we're going to lead the world to a sustainable future. Somebody has to sell the public and the private sector a vision for the future that's worth investing trillions to achieve.

That person is certainly not John McCain, and as much as I used to admire Hillary Clinton, it seems painfully obvious that Barack Obama is the right leader to motivate the unprecedented global transformation needed to save humanity and preserve. As he so often emphasizes, government can't solve all of our problems, but with a compelling vision and sound policy, government can lead us in the right direction, and we the people can come together to solve our problems.

I support Obama because he's not a big gov

[KarateKid]

It was the Republicans who dug the hole we are in, let's not forget that.

[whitey7]

No, it is the entire goverment that dug the hole.

[midwesthousewife]

Alot of our so-called Democratic representatives have played along. Let's not forget that either. There should be a thorough house-cleaning, but the American public probably couldn't distinguish between those that caved and those that didn't. Too much information required.

[Poised]

I do not support Obama because he sounds like a mindless motivational speaker or new age preacher. All style, no content. His feel-good hope/change rhetoric is old news. And not convincing at all if you see how smug he looks delivering idiocy and getting applauded for it.

[allonfla]

Envious?

[lisakaz2]

Did you ever hear him? I doubt it.

[biglover]

Your statement is ridiculous. If you heard him you could never call him mindless - motivational but not mindless.

[Poised]

I do not support Obama because he sounds like a mindless motivational speaker or new age preacher. All style, no content. His feel-good hope/change rhetoric is old news. And not convincing at all.

Just look at how smug he looks delivering idiocy and getting applauded for it. He disrespects the American people.

[djelimon]

I assume you have some example of this idiocy?

[whsmith]

i'll take the opinion of the most successful business men and one of the most most successful philanthropists in the world over yours. thanks.

[pooka]

Of course! Now I get why 75,000 of them were screaming and yelling and clapping in Portland yesterday. They were just so excited that Obama was disrespecting them.

[dora rice]

I so agree with you. Thank you for putting my thoughts into words. Like his wife said, for the first time she is proud to be an American. Ouch , that hurts. It's got to hurt. And if you don't hurt when you hear her saying that, you are no American. Very Poised. :-)

[jsarets]

Duh. Stock markets and the fortunes of capitalists like Buffet depend on societal optimism, and Obama is all about keeping the hope alive. Remember, folks, the next several years are going to suck because of the hole we've dug for ourselves. Somebody will have to be beamed into millions of households every night to tell us how we're going to lead the world to a sustainable future. Somebody has to sell the public and the private sector a vision for the future that's worth investing trillions to achieve.

That person is certainly not John McCain, and as much as I used to admire Hillary Clinton, it seems painfully obvious that Barack Obama is the right leader to motivate the unprecedented global transformation needed to save humanity and preserve. As he so often emphasizes, government can't solve all of our problems, but with a compelling vision and sound policy, government can lead us in the right direction, and we the people can come together to solve our problems.

I support Obama because he's not a big government progressive (e.g. Kucinich, Feingold, etc.). He's a bottom-up progressive. He believes in giving people the tools to help themselves. He believes that Reagan-esque personal responsibility would actually work with the right support structure in place. He believes that we can move forward together as a society without sacrificing our individuality. With supply-side policy running into a wall of demand-side recession, Obama is simply good for business.

[Lucille]

I hope to see Mr. Buffet on the campaign trail with Obama.

[JBCinSD]

On Wall Street, where they know and respect him. Omaha would be nice, too.

[dora rice]

lol

[init]

Yeah! IT is time to wonder if the Clintons are coupled with the Bushes. Has been the case. Who benefits from Hillary hanging around? The Kennedys are the only modern day dynasty in my lifetime. Get that through your stubborn heads. Criminals should go for the movies; Colione, drug smuggling, not real life.

[Relax08]

Dear RNC;
Please explain why this is not an incredibly important endorsement. If someone as American and as capitalistic as Warren Buffet is for Obama and against McCain what does that say for the Republican party and it's candidate?

The attack on Obama is going to be that he's a "radical". But since when does an individual like Warren Buffet support a radical commie? Do they think he's just dumb or what?

McCain is a sacrificial lamb for the RNC which appreciates that it can't win and might as well throw someone into the fire in the hopes of retooling for 2012. Obama's going to have a rough 4 years. Maybe too tough for any person and the RNC is just waiting it out. Having created the mess they intend to suck the Democratic party in the black hole that is their current legacy.

[frappe]

There's a reason why Warren Buffet is the world's richest man. He is a good judge of character and knows a winner when he sees one.

Thank you, Mr. Buffet!

[Mr. Cobb]

Reports that now Al Gore has also announced his endorsement of Obama.

[sanywhere]

where is that reported? that would be all over the msm news.

[rmetz74]

BS. Gore has repeatedly said that he would remain neutral through the primary process in order to be able to have some credibility in bringing the party back together - as he is demonstrating by holding a DNC fundraiser that unites Obama and Clinton donors.

[Mr. Cobb]

I was just keeding.

I realized his intention earlier this morning reading the headline..­.but you know he would prefer Obama...

[sanywhere]

i guess that is why he would not cite his source when prompted. i hate when people get on here and try to promote lies.

[joebaggadonuts]

This is as close as America has to royalty. Back in mother England, they have Prince Charles, also pointing the way...

http://www.telegraph.co.uk/news/newstopics/theroyalfamily/1961719/Prince-Charles-Eighteen-months-to-stop-climate-change-disaster.html

[jamo02110]

What do you have to say now Mitt Romney???

[deweshk]

Oh please . . Mitt Romney is an a**hole. Period.

[jamo02110]

More like a douche Bag..

[belief08]

If McCain, does choose Romney, I would hope they go after his polygomist religion. He really need to keep a low profile with all that going on.

[SonnyBono]

Not that I want to nit-pick but I thought that Bill Gates was the world's richest guy?

[sanywhere]

nope. that went away a couple years ago. microsoft is not as profitable as it used to be.

[whsmith]

Buffet slightly overtook him recently. I have to hand it to both of them though - they both have a huge social conscience to go with their business genius.

[nodonjuan]

Although, Warren Buffet has more conscience and class in his big toe than Gates could ever think of having.

[ProgressiveThought]

Smart money is on Obama.

[eveready]

That's not what Vegas is saying.

[Knowbetter]

Is THAT supposed to be a contradiction?

Vegas = Excrement

[Syco]

well considering vegas wants to take your money why would you trust them?

[whitey7]

There is no Vegas line on the election - I'm here in Vegas and just asked at the sports book - it's illegal - so stop lying and tell the Clintons to stop too.

[noam4prez]

Just what we need: "billionaires for Obama". Thanks, but no thanks, Warren. Too bad you didn't use your genius for something constructive in life.

[PrdAmerican]

Sorry but, Buffett is a rarity among the wealthy... a man who still lives in the same house, who will donate the vast majority of his fortune to charity, and who could have spoiled his kids and grand kids rotten but instead gave them the tools (education) to achieve their own success. When you compare the likes of Buffett to the the ilk of Kenneth Lay, etc. I will gladly take buffettt any day of the week.

[midwesthousewife]

And interestingly alot of those Omahans who invested early with Buffett have similar values. They live in their same houses for decades, they drive older cars, they donate generously to local causes. All round good midwestern values. Can't vouch for the newer investors.

[luvthelaw]

Beuffett isn't a bad guy. He's used his money for many good causes and doesn't believe that wealth should be amassed to just pass on to kids. I'm very happy he supports Obama.

[dora rice]

What are kids for? right.

[sanywhere]

really, do you homework dude.

[whsmith]

Well, most of Buffets money will go to charitable causes rather than his kids - that's got to count for something. He is entrusting the Bill and Melinda Gates foundation to help change the world with his fortune.

[Calinative]

Read up a little more. He donated a huge portion of his wealth to charity.

This is a great endorsement.

[dora rice]

He gave it to the Bill Gates Foundation , a far cry from charity. Read up foundation, until then don't talk.

[Moose49]

Buffett is a very sensible and decent guy from everything I can tell. He came out strongly against the estate tax repeal and has noted the absurdity that he pays taxes at a lower rate than his secretary. His generosity in giving to the Gates Foundation is further evidence of this. I think this is a terrific endorsement and one Obama should put to good use.

[rbdc]

The only thing not sensible about him is his eating habits: Cherry Cokes, See's chocolates, and a little hamburger with his salt. He's more sensible about politics.

[nibblybits]

Thank you for one of the few accurate posts on Warren Buffett. It's shocking how dumb and misinformed a lot of these comments are.

[NightRider]

Nice.

So much for not having experience. A tired argument that is so fatally flawed.

Look at our choices. McCain does nothing for me economically.

McCain is a 1-issue candidate. War. War. War.

Thanks Mr. Buffet. America trust your judgment.

Note, i did not say experience. JUDGMENT!

[jhink465]

When the Sage of Omaha speaks, people should listen.