Thursday, February 18, 2010

uffett: Bush Did Good Job During Financial Crisis

Investment legend Warren Buffett says he has come to respect President Bush’s handling of the financial crisis. The Oracle of Omaha notes that he has read great economists from Adam Smith to John Keynes.

“But I’ve never heard a more eloquent statement that succinctly summed up the economic world than George Bush made in September 2008, when he said in a memorable 10 words, ‘If money doesn’t loosen up, this sucker can go down.’”

The remark resembled Abraham Lincoln’s Gettysburg Address: “short, but to the point,” Buffett said.

“He (Bush) went to (Harvard) business school. He had a good fundamental understanding of markets and economic issues. I really did gain an appreciation for the fact that he understood what was going on and understood what needed to be done. He cared about them.”

[Again, I think history will consistently improve its opinion of our sometimes-ineloquent 43rd President.]


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