ECONOMIC THOUGHTS BY WARREN BUFFET

I was recently watching a news program where Warren Buffet, the billionaire was being asked questions about the economy. Here are some of his thoughts.

"I've never seen this level of fear before."

"General Motors has a business model that works in a 13 million annual sales rate environment."

"This is not the next Japan, we are not looking at a 20 year slump."

"Stimulus Plan will take effect over long term."

"U. S. Economy fell off a cliff."

"American business misbehaved."

"President Obama is the right President for our current economic situation."

"No question succeeding generations will live better than we did."

"The uptake rule is probably a good idea."

"Prompt wise actions in September saved us."

"Back in September financial system was not far from collapse."

"There are always going to be a certain number of crooks in the world."

"Banks that need to go broke should be allowed to go broke."

"Absolutely no one should be worried."

"People who behave well will to some extent wind up helping people who didn't."

"Citi-group shareholders may not see a recovery."

"Washington's message about the economy has been muddled."

"There's not enough of a united economic front right now."

"Economy can not turn around on a dime."

"Job markets' recovery will lag behind overall economy."

"Speed of turnaround depends on wisdom of government policies."

"Country will be fine in five years but I wish we would get there faster."