Buffett warns Obama U.S. economy only halfway back
Recent surveys suggest that U.S. citizens are increasingly dissatisfied with President Obama's leadership, primarily because unemployment remains high. What people fail to realize, however, is that economic recovery frequently takes time, regardless of the actions taken by political leaders. Billionaire Warren Buffett understands this and conveyed his feelings to the President. Political leaders frequently receive too much blame for poor economic performance and too much credit for prosperity. A better understanding of the sources of economic growth might make public perceptions more accurate. In the July 16 Reuters article " Buffett warns Obama U.S. economy only halfway back ," Alister Bull summarizes Buffett's claim that the economic recovery will take time, regardless of the country's leadership. WASHINGTON (Reuters) – President Barack Obama heard a sobering message from Warren Buffett when he asked for the investment guru's views about the economic reco...
