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.