Yahoo News: "Buffet says government is doing the right things."
Well, Paco Enterprises says Buffett is talking out of the back of his neck.
Buffett is a kind of idiot savant, not an uncommon type among the super-rich. He has a genius for making money, but is the merest clod when it comes to politics. He is a long-time supporter of the Democratic Party, and (not surprisingly) he backed Obama in the election. For as long as I can remember, he has been an advocate of higher taxes; after all, when you're squatting, like Scrooge McDuck, on a pile of gold ringed by multiple layers of tax shelters, it's pretty easy to indulge your liberal sentiments for big government - to be financed by someone else, of course. Buffett has also been a booster of population control and unilateral nuclear disarmament (Bad enough that the unwashed multiply like rabbits; Gad! Can't run the risk that they might get their hands on an atomic bomb, what?)
As Dirty Harry said, "a man's got to know his limitations."