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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (40588)	1/22/2010 8:55:12 AM
From: Peter Dierks	Respond to of 71588

Notable & Quotable Warren Buffett on how the ineffective stimulus has fueled Americans' frustration. JANUARY 22, 2010. Warren Buffett in an interview this week with CNBC's Becky Quick: QUICK: You mentioned Americans' frustration with Congress. Do you read this vote in Massachusetts last night as some sort of a referendum on the job Congress is doing right now? The job the White House is doing right now? On the health care reform bill? Or something else? BUFFETT: No, it's those three things plus the economy. I mean, it's some mix. Who knows what goes on in someone's mind when they enter a ballot box. Somebody said the word 'motivation' should never be used in the singular, because you get these things all mixed up in your mind. But certainly, people generally in the country do not like the health bill. Whether it's a good thing or not. But they don't like it, and they don't feel good about Congress and they feel less good about the Administration than they did a year ago, clearly. And they feel like the economy is dragging on for a long time. So all of those factors converged, and probably to some extent the particular candidates, you know. If Vicki Kennedy had been the Democratic candidate I don't think there's any question she would have won, probably three-to-two or something. But it was a referendum of sorts, sure. It was a big one. . . . QUICK: You talk a little bit about what has happened with the economy. Is there anything different the Administration could of, or should have, done? BUFFETT: It's, you know, probably if you're going to spend close to 800 billion on a stimulus bill, I think it could have been done in a way that had more immediate impact. But, you know, what we saw with the stimulus bill, was it 8,000 earmarks or something? I mean, that is the sort of thing that is depressing to the American public. It's depressing to me. That is old-style Washington squared. online.wsj.com