Buffett Says He’s Pleased With President Obama [View All]

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Source: Wall Street Journal

Billionaire investor Warren Buffett, who is hosting a fund-raiser for President Barack Obama in New York Friday night, said he is pleased with Mr. Obama’s stewardship of the economy but understands why some on Wall Street have deserted him.

Mr. Buffett attributed the fallout to populist rhetoric from the president, some early in his term. As a result, Wall Street donors felt demonized, he said.

“I think some — there was some rhetoric that contributed to that,” he said in an interview Friday with the “Charlie Rose” show on PBS. “I think the president felt, ‘My God, look at all the things we did for business, and they’re unappreciative, and you know, I’m all that stands between them and pitchforks,’ and all that kind of stuff.”

“So, Wall Street doesn’t — certainly doesn’t feel loved. And they might like to feel loved,” he added.



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