The Oracle Of Omaha Speaks

But will President Obama listen? He did refer to Mr. Buffett as one of the wise men whose counsel he would seek on important matters of state. Considering how many campaign promises have been cast aside, one shouldn't be surprised when this one is ignored as well. After all, the president has a country to remake in the image of Greece.

Billionaire investor Warren Buffett advised President Barack Obama on Monday to scrap the health care bill and start over.

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In an interview with CNBC, Buffett said the current bill does not focus on controlling costs, which he sees as the central problem that must be addressed to reform the system.

finally

"If it was a choice today between plan A, which is what we've got, or plan B, what is in front of - the Senate bill, I would vote for the Senate bill," Buffett said. "But I would much rather see a plan C that really attacks costs. And I think that's what the American public wants to see. I mean, the American public is not behind this bill. And we need the American public behind the bill, because it's going to have to do some tough things."

Of course the White House will probably trumpet this as "Buffett endorses Senate Bill". It sounds like the exact message Republicans were trying to get across to the president at last Thursday's health care summit. Which party is supposed to represent the "reality based community" again?