Warren Buffet Backs Obama

[Puppycow]

Currently the world's richest man, investor Warren Buffet says he likes the junior senator from Illinois.

US billionaire Buffett backs Obama for president

Mon May 19, 12:37 PM ET

Warren Buffett, the world's richest man, is backing Barak Obama for US president and thinks current US economic policy will push the dollar lower against other global currencies

Buffett told a press conference here Monday he had offered support to both Obama and Democratic rival Hillary Clinton but that since it appeared Obama would win the party's nomination, "I will be very happy if he is elected president.

"He is my choice," Buffett said.

Commenting on the US economy, the 77-year-old investor who is known as the "Sage of Omaha," stressed that fiscal, monetary and trade policies were of great importance.

"I think that the US has followed and is following policies which will cause the US dollar to weaken over a long period of time," he said.

 

[Texas]

Currently the world's richest man, investor Warren Buffet says he likes the junior senator from Illinois.

Are you sure about the worlds richest? Anyway, I think Buffet has a strong protectionist outlook and that probably is why he supports the Dem. Soros supports Obama as well and I am sure Bill Gates is there too. It's just another example of Obama's appeal to the green collar Joe.

 

[Puppycow]

Are you sure about the worlds richest?

Not 100%, but counting on AFP to get their facts right. Microsoft stock is off about 30% since 6 months ago, knocking Gates down a bit.

This list of billionaires says that Buffet was the richest on Feb. 11 of this year.