So, I don't prescribe to the theory that Warren Buffett is the ultimate expert but apparently some do so the news that he believes the economic crisis is easing might make some of you breathe easier. Considering that he also defends the Obama administration plans thus far and then turns around and warms that inflation is coming...
While many ooohed and ahh'd that Buffett took responsibility as well as blamed others for his own company experiencing a 62 percent drop in net income for 2008, let's face reality. If he was really the huge guru that some make him out to be, wouldn't he have had the skill and the knowledge to have avoided his company experiencing that level of problem?
It should also be pointed out that Buffett doesn't support the Obama administration cap and trade plan that some in the Democratic Party feel is a necessary thing and others feel it's not. So, who's right then? Buffett on this or Buffett on that? Or how about....neither?
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