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article imageWarren Buffett wants U.S. taxpayers to get over their anger

By Andrew Moran     Sep 24, 2010 in Business
New York - Billionaire investment guru, Warren Buffett, sent out a message to United States taxpayers: Get over your anger. Buffett says the anger towards the Obama administration and Congress is counterproductive.
In an interview with CNBC on Thursday, the billionaire CEO and Chairman of Berkshire Hathaway Inc., Warren Buffett, urged U.S. taxpayers to get over their anger towards the Obama administration and Congress because it is counterproductive, according to Bloomberg News.
Buffett further noted that despite the negative numbers continuing to be released every month, the U.S. will get over its financial hump. However, he added but being unhappy with what’s going on in Washington will not solve the problem.
“The truth is we’re running a federal deficit that’s 9 percent of gross domestic product,” said Buffett. “That’s stimulative as all get out. It’s more stimulative than any policy we’ve followed since World War II.”
Nevertheless, despite Buffett’s plea with the American people, the investment guru did say the U.S. is still in a recession because businesses and taxpayers aren’t doing as well as prior to the financial collapse. Buffett even contradicted the new report that came out this week which stated that the recession ended in June 2009.
“I think we're in a recession until real per capita GDP gets back to where it was before."
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