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Buffett spoke briefly before the opening of the annual meeting for his Berkshire Hathaway Inc., expected to draw an audience of roughly 35,000 people.
"The government is doing the right things," Buffett said. "They're acting in a countercyclical manner."
But Buffett said he can't predict how quickly the economy and the markets will improve. He said last fall that the U.S. faced an "economic Pearl Harbor."
I don't think anybody runs the economy. There are numerous groups who flex their influence, and take advantage whenever they can.
They are primarily called the Fed and the IMF along with a plethora of other agencies and people.
A highly complex system which was created,who better to run and know how it works than the creators?
"Wall Street doesn't do what is good for the country, Wall Street does what is good for Wall Street."
Originally posted by poet1b
Buffett says government is doing the right things
news.yahoo.com
(visit the link for the full news article)
Buffett spoke briefly before the opening of the annual meeting for his Berkshire Hathaway Inc., expected to draw an audience of roughly 35,000 people.
"The government is doing the right things," Buffett said. "They're acting in a countercyclical manner."
But Buffett said he can't predict how quickly the economy and the markets will improve. He said last fall that the U.S. faced an "economic Pearl Harbor."
Originally posted by poet1b
Buffett, the financial wizard approves of the Obama admins actions, you would think all these people who claim they believe in the market system would start showing some faith. Maybe some of these people will start to wake up the idea that those who promote these free market ideals are nothing but a bunch of con artists.
news.yahoo.com
(visit the link for the full news article)