I’ve always wondered about Warren Buffett’s political affiliation. He’s a generous, hard-working man who, even at 81, sees a world of fine distinctions, requiring finesse and nuanced analysis. He cares about ordinary folks, favoring the Estate Tax, for example. He lives modestly. He appreciates that the burden of defending the U.S. overseas has fallen almost exclusively on those who have no economic clout. And he understands that he owes a great debt to this great country, as all of us do, rich and poor alike. Sounds like a Democrat to me.
This, from Bloomberg, would appear to settle the matter:
Warren Buffett, the billionaire investor, said Wall Street bankers don’t believe they’ve been embraced by President Barack Obama and are consequently withholding their support.
“Wall Street certainly doesn’t feel loved,” Buffett told Charlie Rose in an interview broadcast on PBS. “I think there was some rhetoric that contributed to that.”
Buffett, 81, is seeking to draw backers for Obama’s re- election and planned to attend a fundraiser for the president in New York. The chairman of Berkshire Hathaway Inc. did at least five television interviews yesterday on topics ranging from politics to the economy to the European debt crisis. On PBS, Buffett said that Obama’s policies helped banks recover from the recession.
“You take the number of people making a million dollars or over on Wall Street and you can fill a very large auditorium,” Buffett said. “I think the president felt, ‘My God, look at all the things we did for business, and they’re unappreciative, and I’m all that stands between them and the pitchforks.’”
Say what you will about the lack of focus and the vague goals of the Wall Street protesters, the demonstrations make the claim about “pitchforks” far more vivid to investment bankers who may be strolling to Buffett’s event at that “very large auditorium.” (One hopes that it’s Madison Square Gardens.)
UPDATE: 116 of the 130 available seats were filled at the $10,000 per plate fundraiser. Although not a sell-out, it raised $1.5 million.