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.