Warren Buffett: US Economy In Shambles– No Signs of Recovery
Warren Buffett admitted today that the economy is in shambles and that no recovery is in sight.
And, yet Democrats are dead set on passing their latest multi billion dollar cap and tax bill this week?
What kind of sense does that make?
In a live interview on CNBC underway now, Warren Buffett says there has been little progress over the past few months in the “economic war” being fought by the country. “We haven’t got the economy moving yet.”
While the economy is a “shambles” and likely to stay that way for some time, he remains optimistic there will eventually be a recovery over a period of years.
Buffett says the nation should concentrate on creating jobs.
Meanwhile… After Barack Obama signed into law new regulations on tobacco 500 Americans lost their jobs this week.