Buffett Endorses Hillary for President in 2016

Thursday, 15 Nov 2012 10:34 AM

By Newsmax Wires

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Legendary investor Warren Buffett would like to see Secretary of State Hillary Clinton elected president in 2016.

"I don't see how you could have anybody better qualified," he told CNN Wednesday. "I like what she believes in. I think she's extraordinarily able and energetic for that matter in pushing those beliefs."

Clinton has said she will step down from the State Department early next year and has no interest in re-entering politics. But speculation is strong that she may run for the White House four years from now. Clinton did enter the race in 2008, losing to President Barack Obama.

Meanwhile, the billionaire Buffett also said Obama should insist on a tax increase for the wealthy, even if that triggers a leap off the fiscal cliff. The economy can survive a two-month period to reach an agreement over the $607 billion in tax increases and spending cuts now set for Jan. 1, he said.

"We're not going to permanently cripple ourselves," said the Berkshire Hathaway CEO. "We have a very resilient economy. The fact that [lawmakers] can't get along for the month of January is not going to torpedo the economy."

Buffett scoffs at the notion that capital gains, dividend, and corporate taxes can’t be increased without doing major damage. "I lived through the 1950s and 60s with rates far higher for capital gains taxes and corporate taxes, and our economy boomed.”




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