Warren Buffett: Don’t expect miracles from Obama

You may have already seen the Warren Buffett interview on Dateline from last Sunday. In it, he gives a sober analysis of what to expect from the new Obama Administration in terms of economic policy. The long and short of it is that we shouldn’t expect a miracle turnaround. The recession will be deep and protracted regardless of how well Barack Obama’s team deals with economic issues.

Below is the video of Buffett. The transcript is linked as a source.

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You may have already seen the Warren Buffett interview on Dateline from last Sunday. In it, he gives a sober analysis of what to expect from the new Obama Administration in terms of economic policy. The long and short of it is that we shouldn’t expect a miracle turnaround. The recession will be deep and protracted regardless of how well Barack Obama’s team deals with economic issues.  Their policy response will make the difference between a long and protracted recession and a downward spiral to depression.

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Below is the video of Buffett. The transcript is linked as a source.

Source
Warren Buffett: Barack Obama Will Help the Economy, But Don’t Expect Short-Term Miracles – CNBC

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