Warren Buffett Is A One Man Party Of NO

by Pejman Yousefzadeh on March 2, 2010


I guess that is the only conclusion to reach after reading this:

A healthcare revamp received some support on Monday from investor Warren Buffett, the world’s second richest man, who said the country badly needed a change. But he said he would prefer a program focused on out-of-control costs.

“It’s like a tapeworm eating at our economic body,” Buffett said on CNBC television.

“If it was a choice today between Plan A, which is what we’ve got, or Plan B, which is the Senate bill, I would vote for the Senate bill,” he said. “But I would much rather see a Plan C that really attacks costs, and I think that’s what the American public wants to see.”

Rising costs, Buffett said, are holding back an economy that faced an “economic Pearl Harbor” in late 2008 when capital markets seized up.

Republicans insist that Obama should scrap the existing healthcare plans and start over. They condemn any talk of reconciliation, which would allow the Democrats to pass a healthcare plan in the Senate — where they control 59 seats — with a simple majority of 51 votes.

Buffett, of course, endorsed Obama and supported his election. He gets favorably referenced by the White House anytime he indicates agreement with their policies. I don’t anticipate that he will find much favor with the Obama Administration now that he has joined Republican calls to revamp the health care bill entirely, but his endorsement of the Republican approach deserves at least as much attention as do the times when he endorses the White House’s policies on the issues of the day.

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