Tags: Trump Administration | warren buffett | donald trump | hillary clinton | economy

Hillary-Backer Buffett: US Will Do Fine Under Trump Because We've Got the 'Secret Sauce'

(Getty/Mario Tama)

Friday, 20 Jan 2017 08:39 AM

Hillary Clinton supporter Warren Buffett reassures nervous investors that the U.S. economy will be just fine under President Donald Trump.

"America works," the chairman and CEO of Berkshire Hathaway said. "I've said this before. It'll work wonderfully under Hillary Clinton, and I think it'll work fine under Donald Trump."

Buffett told CNBC the United States has the "secret sauce."

"It doesn't work all the time perfectly," the billionaire investor and philanthropist said, "but you just look at where we go, milestone after milestone. Never bet against America," the Berkshire Hathaway chief said.

To be sure, he expects stocks will continue to rise, although not in a straight line.

"It's going to be higher 10 years, 20 years from now," the Oracle of Omaha predicted.

"There will be hiccups from time to time in the economy," he cautioned. "[But] we'll do well over time."

Other respected economic icons agree that America will be fine under Trump.

President-elect Donald Trump would be wise to appoint a supporting cast of free-market conservatives to his administration, Forbes Media CEO Steve Forbes tells Newsmax TV.

"They've got to get some of these people in because the president can do so much but you got to have a supporting cast or at least some players in there who can push this agenda," Forbes told "Newsmax Prime" host J.D. Hayworth on Wednesday.

Among his picks, Forbes touted Newsmax Finance Insiders Larry Kudlow and Stephen Moore for possible positions in Trump's administration.

"I hope Larry Kudlow gets in perhaps as the head of the Council of Economic Advisers. Perfect post for him," said Forbes, author of "Reviving America."

"Stephen Moore, whether it's in the White House or with Vice President-elect Pence. Very critical to have his voice in there," said Forbes.

To be sure, Trump will be a demanding leader who applies the best of his negotiating skills to push for U.S. growth, bestselling author David Horowitz told TheStreet.com.

Trump won’t be an ideological purist like Republicans who support free trade but don't fight for fair trade, Horowitz said.

“If you just say, ‘well we're for free trade and we're not going to look at the deals that we make’ -- that's not a good idea,” he said. “We've had an anti-business president now for eight years who doesn't take a hard-nosed attitude towards these deals. Trump is going to get better deals for us, which is still free trade.”

Horowitz's new book "The Big Agenda: President Trump's Plan to Save America," released just this week, reveals Trump's "first 100 days strategy" to roll back Obama's legislative and executive record.

Horowitz's new book is the first book about the Trump presidency and has soared to the top of the Amazon bestseller charts, becoming the No.1-selling book on the web.
Trump will also lead the way in making infrastructure spending to boost the U.S. economy, Horowitz said.

“If the economy grows as it will under Trump, there's going to be a lot more money to spend,” he said.

"Big Agenda: President Trump's Plan to Save America" is available at bookstores everywhere – or get your copy on Amazon – Click Here Now

(Newsmax wire services contributed to this report).

© 2018 Newsmax Finance. All rights reserved.

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Hillary Clinton backer Warren Buffett reassures nervous investors that the U.S. economy will be just fine under President Donald Trump.
warren buffett, donald trump, hillary clinton, economy
Friday, 20 Jan 2017 08:39 AM
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