Videos: Buffett blasts Obama’s handling of economy, crisis mentality
posted at 8:24 am on March 10, 2009 by Ed Morrissey
It turns out that Warren Buffett had a lot more to say on Deadbeatonomics and how Barack Obama runs the White House yesterday than just criticizing Card Check. The notable Obama supporter also attacked the President’s overall handling of the economic crisis and the rhetoric about not “wasting a good crisis”. Mickey Kaus notes that Buffett apparently intended to deliver the message, coming back to it twice (via Instapundit):
BUFFETT: …And, Joe, it–if you’re in a war, and we really are on an economic war, there’s a obligation to the majority to behave in ways that don’t go around inflaming the minority. If on December 8th when–maybe it’s December 7th, when Roosevelt convened Congress to have a vote on the war, he didn’t say, `I’m throwing in about 10 of my pet projects … [snip] …
JOE: Yeah, but you might–might not have fixed…
BUFFETT: But I say…
JOE: You might not–you might not have fixed global warming the day after–the day after D-Day, Warren.
BUFFETT: Absolutely. And I think that the–I think that the Republicans have an obligation to regard this as an economic war and to realize you need one leader and, in general, support of that. But I think that the–I think that the Democrats–and I voted for Obama and I strongly support him, and I think he’s the right guy–but I think they should not use this–when they’re calling for unity on a question this important, they should not use it to roll the Republicans all.
BUFFETT: I think–I think a lot of things should be–job one is to win the war, job–the economic war, job two is to win the economic war, and job three. And you can’t expect people to unite behind you if you’re trying to jam a whole bunch of things down their throat. So I would–I would absolutely say for the–for the interim, till we get this one solved, I would not be pushing a lot of things that are–you know are contentious, and I also–I also would do no finger-pointing whatsoever. I would–you know, I would not say, you know, `George’–`the previous administration got us into this.’ Forget it. I mean, you know, the Navy made a mistake at Pearl Harbor and had too many ships there. But the idea that we’d spend our time after that, you know, pointing fingers at the Navy, we needed the Navy. So I would–I would–I would–no finger-pointing, no vengeance, none of that stuff. Just look forward. ..[snip] …
BUFFETT: Well, I was going to mention to Joe that you’ve heard this comment recently from some Democrats recently that a `crisis is a terrible thing to waste.’
BUFFETT: Now, just rephrase that and since it’s, in my view, it’s an economic war, and–I don’t think anybody on December 7th would have said a `war is a terrible thing to waste, and therefore we’re going to try and ram through a whole bunch of things and–but we expect to–expect the other party to unite behind us on the–on the big problem.’ It’s just a mistake, I think, when you’ve got one overriding objective, to try and muddle it up with a bunch of other things.
Buffett, who has seen a lot of his wealth disappear in the flames of Wall Street, has suddenly discovered he backed Nero, and he doesn’t appear terribly happy about it, either. Mickey also notes that the media has paid almost no attention to the fact that one of Barack Obama’s most visible capitalist supporters has begun attacking him publicly. Why might that be? You suppose they’re afraid to point out that the man who gave Obama most of his credibility on economics during the campaign has now discovered that Obama is in over his head?
Breaking on Hot Air