Word came out that Warren Buffett a long time Democrat is favoring Obama. Buffet is a opportunist in the stock market and it’s no surprise that he would look for Obama to take the election. I guess that Warren is banking on that the economy will fall further if he’s President, which in turn will give him some more great buying opportunity. I’ve been a long time follower of Mr. Buffett and when you look at what he has done in the past, You can’t go wrong having your money follow him.
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This is not a political blog, but I need to say that I believe that Warren is correct with his assumptions. Obama doesn’t come across as man who knows how to help the economy. It seems that Buffet is not the only one advising Obama. Bob Rubin from Citicorp, Eric Schmidt the CEO of Google as well as John Corzine former co-chairman of Goldman Sachs now governor of New Jersey are on that list.

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