Buffett's Wager on Economy May Give Boost for Obama Policies

Nov 3rd, 2009 - Bloomberg

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Buffett's Wager on Economy May Give Boost for Obama Policies

Nov. 3 (Bloomberg) -- Warren Buffett’s takeover ofBurlington Northern Santa Fe Corp. today is a $26 billion bet onPresident Barack Obama’s economic policies at a time when theadministration may need the help.

Buffett called the purchase of the railroad by hisBerkshire Hathaway Inc. “an all-in wager on the economic futureof the United States.” He’s making it at a time when discontenthas grown in the U.S. about jobs and growth.

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