Warren Buffett joins Obama to solve economic crisis

The richest man in the world has got to know something about economics. I'm open to anything.

Buffet is a heavy hitter. I hopwe he can shed some light on this SNAFU.

Buffet said people like him don't pay enough taxes. I trust his judgement more than Bush or McCain's judgement. Glad to see him as an advisor to Obama.

Warren Buffet is the second most powerful man in this country, next to the president. When this man speaks the whole world stops and listens. This is a HUGE endorsement in it self, much less the fact that he will advise Obama. I would love to see McCain's face when he gets this bomb dropped on him!

the richest man may not have the best economic policy for America. i thought this was going to be an article on what Obama ideas on how to fix the economy are. I'm interested in if he thinks inflation is still going to be the answer.

rockstarmillionaire, What do you mean, inflation is still going to be the answer?

Marilynn Murray, I mean the Feds and congress think they're fixing the economy by inflation; lowering the rates, therefore debasing the currency and creating inflation. Or bailing out everyone by creating money out of thin air therefore also debasing the currency and creating inflation.

Warren Buffet is my hero. All individuals like him that are wealthy should be doing the same. I hope there is more like him. It'll be a shame if this isn't the case when he passes away. =(

I'm waiting to see how McCain's camp downplays this.

That's what I like to see.

A think tank of very smart, capable men discussing the biggest problems facing the country face to face.

Good job Obama.

yeah I know they meet up every year at bohemian grove along with the rest of the worlds elites

Tie the minimum wage to inflation,,,Obama plan. It destroyed Argentina.

Raise taxes during a recession,,Obamas plan,, Hoover did it and we got a depression.

Obama is pushing The Global Poverty Act of 2007 (S.2433) at a cost to taxpayers of 1 trillion dollars and tripling the debt.

By God I think he need all the help he can get, because as of now his plan is a disaster for America.

uh... whats with the view image? (confused)

Obama another corporate puppet

I think if we borrow some more money and give everyone another $300 the economy will be just fine.

It would be really cool to he MR. Buffet In Obama’s Cabinet for economic advisor, he obviously knows how to get $money$ and multiply it, our current president only seems to know how to spend it and give it out.

I think more likely the corruption in argentina's goverment was closer to destrying argentina['s economy]

You should study history instead of speculating. Economists support my statement.

"Hoover didnt have the SEC and the FDIC and other angecies in place to aviod such economic collapses."

Nice try, no cigar said monica, just your opinion.

"Obama is only planning to raise the taxes on the higher income bracket and cancel the tax breaks that the bush administration put into place."

And that is a huge tax increase on everyone during these hard times.

McCain must be at least a little hurt that all the movers and shakers are in conference with Obama.

"Hey!" McCain can be heard to whine. "I'm still here too, ya know!"

Yes John, we see you. Now be a good boy and go play outside. The grown-ups are working.

you hve to surround yourself with ppl of wealth to help the unwealthy....

I like how this article becomes biased at the end....

Anyways, Warren Buffet knows a bit about economy, theres a reason hes one of the richest. He even said people like him dont pay enough taxes, hmm, Bush you hear that? Obviously not.

Umm he is not the The richest man in the world

I see some right-wing replies that need rebuttal.
Inflation & dollar devaluation:
The Bush Admin (And the old Reagan Admin) lowered taxes and borrowed to pay bills (borrow & spend) which eventually causes lowering of currency, inflation, and recession which happened at the end of Reagan/Bush and now at the end of GW Bush. The GOP is a TOTAL borrow and spend advocate. However, higher taxes does directly pay down debt, but the elite don't want to share money, period! Especially via taxes. However, when Clinton raised taxes especially on the wealthier, it brought down debt and brought prosperity. 2nd: borrowing does cause more inflation due to devaluing the dollar. In addition, the loss of manufacturing plants, the loss of better paying jobs, and the lack of infrastructure up-keep also devalues the whole country and then the dollar. 3rd: NAFTA and trade agreements with China have cut tariff revenue, which further hurts our situation. Thus, please vote for people who will pay the government bills and not continue to borrow and spend causing the bottom 90% to become multi-generational debt payers while the elite gut out the country..

Use up the leases Obama... no new drilling for deadman's gold..