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Warren Buffett Talks About the Economy on Nightly Business Report’s 30th Anniversary Show

Warren Buffett, the chairman of Berkshire Hathaway says that President Obama’s #1 job is to fix is the economy but even though we have “got the right person in the operating room, but it doesn’t mean the patient is going to leave the hospital tomorrow.”

In an exclusive interview with PBS’s Nightly Business Report, Warren Buffett tells anchor Susie Gharib, that America was in an “economic Pearl harbor” last September, that went for a nosedive after October 1st  2008.

According to Buffett, America’s credit system must be partially fixed in order for the economy to have a chance of starting to turn around. But whether a fiscal stimulus is going to do this, or whether tax cuts will provide the answer, nobody seems to really know.  Certainly not the economists! Buffett believes that when it comes to economics you can’t just do one thing and where the balance is struck on that will be a political question.

PBS airs a fascinating interview with America’s economic guru, Warren Buffett tonight to commemorate the 30th anniversary of Nightly Business Report.  Buffett shares his views on the newly inaugurated President Obama, the recession, his company Berkshire Hathaway, the Madoff scandal and his investing principles vis-a-vis a gloomy and uncertain economic outlook.

Make sure you tune into Nightly Business Report tonight – January 22nd 2008 at your local PBS station. Check here for local listings.

If you miss the interview for some reason, then check back here tomorrow for a link to the interview online.

Image credit: Fickr (Peter Duhon)

Written by Reenita Malhotra

Reenita Malhotra Hora is an Ayurveda clinician, entrepreneur, writer and mom. Her experience has ranged from running Ayoma, an Ayurveda business to running a natural health practice at San Francisco's California Pacific Medical Center.

Reenita is a published author of two books books about health and wellness: ‘Ayurveda - the Natural Medicine of India’ and
‘Inner Beauty’. She is also the Editor for Green Options Media's business blogs and a freelance writer for a variety of print and web publications.

In quieter moments, she likes to spend her time hiking, swimming the warm seas, cooking with the family or writing fantasy fiction adventure stories for kids from from 2 to 92.

Check out her wisdom at www.reenita.com

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