Credit: AP
With an estimated net worth of $44 billion dollars, Warren Buffett probably doesn’t have to worry about surviving if the American economy falls of the fiscal cliff and the country is hit with a double-dip recession, but the president’s wealthy supporter thinks the country could survive as well.
In an interview with CNN’s Poppy Harlow, Buffett explained why he believes American would be able to handle the looming financial crisis.
 ”We have a very resilient economy, the fact that [lawmakers] can’t get along for the month of January is not going to torpedo the economy.”
Buffett also identified what he considers to be the biggest problem in moving our economy forward: Healthcare costs, calling them the “tapeworm of our economy.”
In the full version of the interview, Buffett also gave his very early endorsement for the 2016 presidential election — he’s a Hillary Clinton supporter.
“I don’t see how you could have anybody better qualified,” he said, adding, ”I like what she believes in, I think she’s extraordinarily able and energetic for that matter in pushing those beliefs.”
Here is the portion of the Buffett interview that deals with the Fiscal Cliff.
(H/T: CNN)
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Comments (89)
Case_Logic
Nov. 15, 2012 at 10:25amSomething NOT SO funny happened on the way to Benghazi…
Barry, HILLARY, Susan and Jay in Sept/ Oct/ Nov 2012.
Four Americans dead, Ambassador Christopher Stevens, Sean Smith, Glen Doherty and Tyrone Woods, and they want us to move along, to forget.
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turkey13
Nov. 15, 2012 at 11:14amPeople like buffet get rich when the economy goes into the outhouse. The main reason Buffet wants Hillery in the White House in 4 years is he won’t have to pay the $$$1.2 billion he owes in taxes and Obama has is still ordereing the IRS to turn their heads.
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doomytram
Nov. 15, 2012 at 11:34am“A Crude and Disgusting Video” Barrack Hussein Obozo The film maker has been tried and convicted by Obozo and his minions already. The first Terrorist to shout Alla Hakbar in American soil and kill and destroy hundreds of lives because of Islam on Obozo’s watch. Obozo and Ronald McDonald Clown holder said the terrorist went Postal. Not Terrorist. He still hasn’t faced any justice. Obozo is tight lipped about this terrorist why? It’s been 3 years and fort hood is getting taken care of by the PC OBOZO / HOLDER police? 3 years! The crude video maker that Obozo blamed for the terrorism was held behind bars till after the election was stolen and the next day they convicted the film maker with no trial and he will die behind bars thanks to Obozo’s chicago thugs………The film maker will die because of how disgusted Obozo was by the film. And OBOZO is offended by US? What a disgusting muslim terrorist Obozo is…. after 4 more years of decimation I think Obozo is going to talk to non functioning brain drones into a third term….. just re-write a little more history. Obamunist’s
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JRook
Nov. 15, 2012 at 11:53amYea why would we listen to by far the savviest investor since the 1960′s. I guy who makes more money in interest per year than romney is worth. A simple guy who speaks based on facts, scientific findings and rational thought.
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doomytram
Nov. 15, 2012 at 12:14pmBuffet loathes Obozo more than any functioning brained person, but he would deny it if confronted, because Obozo would get him. Obozo would stick him in the back with his pack of Obamunist bureaurat drones.
In the less than 7 business day’s since Obozo stole the election.. Buffett has lost a cool billion on paper. Out goes Obozo’s tax money……. Obozo’s and Biden’s recovery summer 2013 is turning into Obozo’s recession 2 the Obozo policies…..
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sillyfreshness
Nov. 15, 2012 at 12:16pmI suggest Obama’s first targets for his tax increases be Buffet, Oprah, and Hollywood. Let them bail us out.
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joey g
Nov. 15, 2012 at 12:19pmwho cares what thos old fart thinks
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Rothbardian_in_the_Cleve
Nov. 15, 2012 at 12:43pm@Jrook,
You mean the guy who gives new definition to cronyism? Yeah, Haliburton bad, but Buffett carting off billions of taxpayer money through mob like tactics good. I get it.
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oneshiner
Nov. 15, 2012 at 4:18pmHELL NO to Hillary. She’s the true wicked witch, very liberal, a truly hateful woman. Just look how she emasculated her husband with her manipulations. NO to Hillary for anything. Time for new people who have America’s interest at heart, not their own political passions for their own glory. Sorry Buffett, you’re not always right about most things.
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Hickory
Nov. 15, 2012 at 10:23amIt’s interesting how these mega rich people become so liberal once they are in a protected status. They are protected from high taxes and govenment heavy handedness. Warren should be in an old folks’ home playing in his oatmeal.
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doomytram
Nov. 15, 2012 at 11:22amLook !! Let me be clear!! It’s been less than 7 business days since Obozo and his bank of Clown minions stole this country, and in that time he has already destroyed the miniscule recovery that his media clowns have been harping about.. Obamunist’s! Obozo supporters it’s not going to get any better, only worse, 2013 is going to be much, much,. worse next year. Half of Obozo supporters are holding their breath and releasing it every 60 seconds waiting for Obozo to do something. NOT GOING TO HAPPEN!
Obozo hadn’t had held a press conference in almost a year. One where he answers questions. The sheltered sheep clown Obozo had a burst of confidence yesterday, but back to his hiding quilt Obozo will go… He want hear hide nor hair nor peep from Obozo for another year. This Chef Chili dog eater in Chef should be having a press conference without Prompter once a week. He should be required to answer a minimum of 20 questions per. NOT going to happen with the Clown. He should be locked up hiding, because he is a ridiculous louse. The fool must be impeached, but he and his destroyers have about 30% more decimation to go. 70 down 30 to go. GO! Bozo!
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Rothbardian_in_the_Cleve
Nov. 15, 2012 at 12:01pmPlease…that old crook has still got it. He carries water for Obama as a result of what happened in 2008/2009 transition (TARP I and II). Paulson et all let Lehman tank and basically threatened BoA to eat Merrill Lynch because Berkshire had a boatload of CDS exposure to both countrywide as well as Merrill. So Buffet plays ball politically, BofA swallows two poison pills and the taxpayer foots the bill and the old crook walks away unharmed.
He should be in jail.
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kickagrandma
Nov. 15, 2012 at 10:22amIs this endorsement good for AFTER WE THE PEOPLE IMPEACH the current dictator in chief run by vakleries jetson?
I wish warren buffet would give the USA all his billions to help pay off our debt. Same with the trumpetmister and all other rich folks including current non-leadership in congress, dos hls, etc. And the obamamites could all give us their phones…
RE DISTRIBUTION OF WEALTH, at your service!
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AllLost
Nov. 15, 2012 at 10:22amHe got his and does not want you to get yours.
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Oneirishman
Nov. 15, 2012 at 10:20amI want to know if Buffet can survive literally going of a cliff.
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oicu814me2
Nov. 15, 2012 at 10:26amLOL. You made me spill my coffee.
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BetterInformed
Nov. 15, 2012 at 10:16amRoses are Red. Violates are Blue.
I’m Schizophrenic and so am I.
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evolutionISareligion
Nov. 15, 2012 at 10:15amSurprise, surprise, that buffet supports democrats!? This is a man who is married and lives with another woman, and has for years, who is a big supporter of planned parenthood, who has a “i have mine, and will do what ever to prevent you from getting yours, because i dont want competition” mentality, insider dealing with the current administration, he just upped his holding in AIG, the same AIG that received billions in bailout, hmm wonder what sweetheart insider deal he is playing off? when they bought into coke, profits when up because they cut cost (think quality) and market share went down. He bought into fruit-of-the-loom, profits when up, quality dropped and so did market share. He bought into Dairy queen, profits went up, the size and quality went down and cost went up, and they almost went under, this is his pattern of success. He is the real Gordon Gekko, only much older, not as sophisticated, but just as slick and slimey
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Debra1776
Nov. 15, 2012 at 10:14amAdd your comments
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Stelex
Nov. 15, 2012 at 10:12amDear Warren,
Sir, you’re a fool and a blowhard. Many Americans are barely scraping by as it is. Personally, I live paycheck to paycheck. I can’t afford running off the cliff, there is no multi billion dollar cushion at the bottom for me and for millions of others you so easily would throw off the cliff. People like you have ruined this country with you’re arrogant detachment. Living far above the real struggle on Mt. Olympus you and yours wish to make decisions for the true people of America. I just hope that if we do crash its big enough to take you and all you’re power hungry dirtbag ilk with us.
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txannie
Nov. 15, 2012 at 10:28amI believe that he has endorsed Hillary for president now because the next 4 years will prove what kind of a nightmare obama and his ultra extreme racist liberals are. Hillary is not going to continue in this admin so as to distance herself from obama without looking like she doesn’t like him but to offer a more “moderate” version of the democratic party that will encompass all races and religions after obama and his ilk do irrrepairable damage to the fabric of this country. She hopes to look like a life preserver on a sinking ship. She and Bill will do anything to put her in the White House. The next four years is going to be a precursor to what we can expect from now on. I grieve for the honesty, morality and integrity that has just been voted OUT of our constitution.
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IMCHRISTIAN
Nov. 15, 2012 at 10:07amWarren Buffet has lost all respect and honor that he used to have as far as I am concerned.
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Dan_o
Nov. 15, 2012 at 10:13amWhy does anyone care what he says? I could survive being hit by a train, but I’m do my best to get out of the way!
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Jenny Lind
Nov. 15, 2012 at 10:50amDan O, I am with yu, I can’t think of anyone I know who cares what he thinks.
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gb123
Nov. 15, 2012 at 10:06amGive him another 2 years of senility and he will be endorsing Big Bird and Kermit the Frog.
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quackertwo
Nov. 15, 2012 at 10:00amBuffet is another communist just like BHO BIRDS OF A FEATHER FLOCK TOGETHER! This ***** Buffet is so filthy RICH he DOESN’T have to WORRY ABOUT IT he can live forever on his FILTHY MONEY. HOW DID HE GET ALL THIS MONEY? BHO AND ALL HIS THUGS WILL LIVE GREAT! We that don’t have jobs health insurance will NOT BE ALRIGHT. AND WE ARE NOT GOING TO SURVIVE. HOW ABOUT BHO U GIVE US AMERICANS YOUR MONEY U MADE CORRUPTLY & GAVE TO YOUR UNION THUGS (OUR TAXPAYERS MONEY) YOU LOST SO WE CAN LIVE?
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Dushman Kush
Nov. 15, 2012 at 3:24pmComrade Warren made his billions off the “system” set up by “Republicans” and their “legislators”. He may support Hillary Clinton, but he is alone among the Comrades. We want an honorable Comrade to succeed our Leader. We’ll see Valerie Jarrett elected to the Presidency in 2016. That’s all for now.
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Chromo200
Nov. 15, 2012 at 10:00amBuffet is hypocrite He lives off his capital gains and pays 15% tax, while the rest of us including his secretary pay at a higher tax rate, and if you have no deductions, your scrwed. The IRS will not be able to touch his wealth no matter who is president.
Start looking at small changes in the Hillary’s looks. Small nip and tuck surgeries over the next 3 years. She has to be made stately and younger looking.
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cathouseumbrella
Nov. 15, 2012 at 5:08pmEr… Buffett has very publicly stated his opposition to the low capital gains tax. That’s what the “Buffett Rule” attempts to redress. So that would make him pretty much the opposite of a hypocrite.
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Marine25
Nov. 15, 2012 at 6:47pmRomney lives off his capital gains and pays less than 15%. You didn’t seem to have a problem with that.
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dadadadio
Nov. 15, 2012 at 9:55amWarren Buffett is a businessman first, a democrat second, an American third. I think he’s looked at the tea leaves and figured Bershire Hathaway better be properly aligned with the likely new president in 2016, since Republicans are a joke at this time. Trouble is, he is assuming America will exist in 2016. It may not.
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Cavallo
Nov. 15, 2012 at 10:10amOf course the economy will survive, but it won’t be the same as it is today. Cave men trading pelts with each other is an economy, but not one you would desire. Buffett has made quite a bit of money with the aid of the federal government. He still uses legislation and political favors to advance his personal wealth. In fact Buffett is the exact type of wealthy individual that the leftists assume all businessmen to be. It is highly amusing that most of those wealthy individuals who gained their wealth through inheritance, graff, nepotism, or political favors are leftists. Buffett is likely to harmed very little by the fiscal cliff, having the options to move his wealth around so as to be insulated from the worst effects. Joe the Roofer does not have that option, and is likely to see his livelihood destroyed by the fascist centrally controlled system that leftists have put in place. There is no way to avoid the consequences of decades of idiotic fiscal policy. The choice is to suffer the pain quickly, or slowly draw it out and make it worse.
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thekuligs
Nov. 15, 2012 at 9:52amI think Warren Buffets mind has run off a cliff. We’re not even going to get there at the rate we’re going.
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RightUnite
Nov. 15, 2012 at 9:51amOh, would you shut the h*ll up??? No one cares what the h*ll you think you old demented fool!
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Proverbs17-12NLT
Nov. 15, 2012 at 9:46amA billionaire will survive, but broke, low income democrat voters won’t. Reap what you’ve sown democrats 4 more long years of Misery!
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Twisted Mind
Nov. 15, 2012 at 10:25amThe problem is, the lower income or the no income people will continue to recieve their benefits untill the end. We, the working ,will have to keep giving untill the end. No good way out of this mess. their lives will be the same. Ours will just go down.
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65Mustang
Nov. 15, 2012 at 9:43amNot really impressed with anything this man has to say, Hillary’s hands are as dirty as Obama’s and I will never vote for the ugly, lying lesbian.
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jackact
Nov. 15, 2012 at 9:42amBuffet ~ fu** you!…and your secretary.
Sincerely,
The federal income taxpaying middle class.
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whatthecrazy
Nov. 15, 2012 at 9:56amIll drink to that………later, it a bit early.
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Government_Goodies
Nov. 15, 2012 at 10:09amThis was my reaction.
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thibx
Nov. 15, 2012 at 9:37ami don’t know how he got so rich sure is not that smart.
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UNALIEN
Nov. 15, 2012 at 10:03amThe uber wealthy elites get rich through capitalism, nepotism or cronyism but promote socialism for everyone else so that they can keep their wealth by holding others down through the coercive power of Statism.
This is the reality of Socialism aka Progressivism, the masses are held down by egalitarianism while the political, economic and academic elites extort the productivity of others.
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huey6367
Nov. 15, 2012 at 9:37amThe man has lost his mind and should be taken out in a field and shot. The country will not survive a fall off the fiscal cliff.
He endorses Hillary for president? Um, I got nothing on this.
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lynnissmart
Nov. 15, 2012 at 9:35amWho cares what this jerk says…..!
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Popp40
Nov. 15, 2012 at 9:35amHere is the true translation to Buffets statement: “I will be fine, I will keep my money, however, the rest of you won’t be so lucky.”
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Fla.Patriot
Nov. 15, 2012 at 9:52amExactly. If the liberals can vilify Romney for being worth $250 mill., then nobody needs to be listening to this arrogant A-hole. 44 billion dollars huh? bet he pays next to nothing in taxes
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Steve28
Nov. 15, 2012 at 9:34amWarren you are brain dead.
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Pork_Anvil
Nov. 15, 2012 at 9:37amRight. Because you predicted the 2012 election results so well!
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GhostOfJefferson
Nov. 15, 2012 at 9:49amSteve predicted the election?
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Rothbardian_in_the_Cleve
Nov. 15, 2012 at 11:53amShouldn’t he be on the care pathway?
http://www.endoflifecareforadults.nhs.uk/care-pathway
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truthsurfer
Nov. 15, 2012 at 9:33amThis POS shows the dumb can get rich. No doubt he robed old women to get his money. Tax cheat POS
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Popp40
Nov. 15, 2012 at 9:39amDon’t you love how he was supporting for higher taxes on the rich, yet he is fighting paying his taxes from 2001 to 2007. Yet he says he will pay more going forward!
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2MINUTESTOMIDNIGHT
Nov. 15, 2012 at 10:14amWelcome to the liberal philosophy of “Do As I Say Not As I Do”
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