Why Buffett Loves Obama

Here's why the super investor might like Obama's policies.
Author:
Publish date:

Updated from 6:59 a.m. EDT

To be fair, I'm being a bit cynical in this article. Warren Buffett, despite his father having once been a Republican congressman from Nebraska, has been a lifelong Democrat. So it's natural he'd support Obama. However, I think Buffett gets particularly enthusiastic when he has an opportunity to make money.

Mega-profitable opportunities are hard to come by for Buffett, particularly with a $50 billion cash hoard and a lumbering giant such as

Berkshire Hathaway

(BRK.A) - Get Report

under his able command. And Barack Obama presents just such an opportunity for Buffett.

Buffett is not alone in advising Obama on the economy. Eric Schmidt, CEO of

Google

(GOOG) - Get Report

, has also been advising Obama, as has

Citigroup

(C) Chair Bob Rubin and Jon Corzine, former

Goldman Sachs

(GS) - Get Report

co-chairman and now-governor of New Jersey. With investments ranging from

Johnson & Johnson

(JNJ) - Get Report

to

Wells Fargo

(WFC) - Get Report

to

U.S. Bancorp

(USB) - Get Report

, it's worth looking at the wider reasons why Buffett might be supporting Obama's stances on various issues.

To read the rest of the story, and to find out why Buffett might like Obama's policies, please click here.

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