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Re: coydog post# 40030

Thursday, 09/03/2009 5:57:16 PM

Thursday, September 03, 2009 5:57:16 PM

Post# of 46420
Did Warren Buffet step in it by supporting Obama? I think this is big. BUFFETT: And I've never seen the consumer or the Americans just generally more fearful than this. And they're also confused. And you can get fearful very quickly, but you don't get confident, you know, in five minutes. You can get fearful in five minutes, but you won't get confident for some time. And government is going to play an enormous factor in how fast it comes back. And if you're confused and fearful, you don't get over being fearful till you aren't confused. I mean, the message has to be very, very clear as to what government will be doing. And I think we've had--and it's the nature of the political process, somewhat, but we've had muddled messages, and the American public does not know what--they feel that they don't know what's going on and their reaction, then, is to absolutely pull back.

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