Tuesday, March 10, 2009

Et tu, Warren Buffett?

Reuters: "Vaunted Obama message machine is off-key" (HT: Wizbang)

When billionaire investor Warren Buffett says President Barack Obama's economic message is muddled and undermining public confidence, it's worth listening.

Buffett, an informal Obama adviser considered a financial seer on Wall Street, told CNBC on Monday the message has to be "very, very clear as to what government will be doing."

"And I think we've had, and it's the nature of the political process somewhat, but we've had muddled messages and the American public does not know. They feel they don't know what's going on, and their reaction then is to absolutely pull back," he said.
The markets rebounded today on news that Citigroup isn't broke yet.

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