When asked why things seem to be getting worse, Buffet pointedly noted that there were 535* cooks in the kitchen and the rest needed to get behind the president as the leader because an economic emergency such as we are experiencing is like a war, and it's imperative to support the president (he repeatedly mentioned that it's like "Pearl Harbor").
*There are 534 members of Congress 99 senators and 435 Representatives
He also did some second guessing over mortgage help himself, saying every mortgage holder should get money. Of course, Buffet and the holding company he runs have a lot of property and therefore a lot of mortgages. Still he understands how badly we must work behind one leader at a time when so many livelihoods are in peril.
Democrats have been mostly supportive of Obama's economic actions and most of the new budget so what Mr. Buffet was politely saying IMHO, was that GOP Congressionals were endangering the nation and need to get in line.
You have to remember that GOP Congressionals are being supported by the govt. They're on the dole!
If this economy gets worse the government will still most likely be paying those government salaries out.
It's the rest of us who don't have important federal government jobs that will be hurting.
Most of the right leaning media, and even out of office leaders will be wall cared for no matter what happens.
Fat cats take care of important and powerful people who help them grab your money.
If you're not one of those considered important or powerful enough to them you may be worth $.25 a tweet or comment post, but nothing like what your leaders get.
You'll be the one out of work and out of money. GOP leaders that are ranting about the best methods like giving tax cuts to the wealthy (Hey dude, the last 8 years of that method set us up for this economic emergency!) or doing nothing (Just like Herbert Hoover! That worked out well).
See video at CNBC video: Buffett Talks Politics
tags: warren buffet economic emergency congress war
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