Warren Buffett: "There's No Way You Can Bet Against America & Win"

(5/4/09) [Part 1/2] Becky Quick interviews Warren Buffett outside his Omaha home.

Side Note: Could Buffett's quote about betting against America apply to George Soros?

(Part 2): http://www.youtube.com/watch?v=kkbxBVlQadc

Buffett comments on various headlines in that days news:

--Buffett's take on the Future of America over time (0:23)

--Chrysler Bankruptcy aftershocks & unintended consequences (3:45)

--Buffett on Corporate Tax increases: "One way or another we're going to need more taxes down the road, there's no magic wand on this, then the question is who they should come from...it's a question of who gets socked and when." (6:33)

--Sen. Judd Gregg: What do you do about the debt? (7:59)

--A jobless recovery? (9:38)

Background Article: "Firms Face New Tax Curbs": http://online.wsj.com/article/SB124140022601982149.html

Video: CNBC

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[ivjf212]

@DiggingNorway He's talking about historic economic performance, such as the great depression and the crash of 87 and so on, there were many slumps and recessions in America's "short history," many of which Buffet lived through. Why don't you go read a book about Buffet before calling him an idiot.

[ALLWORKTOFIXPROBLEMS]

Money is just numbers, I guess inflating our way out is ok, but alot of people arent gonna like it, at first, but in the end its all good, but DAMN IT, we need, The U.S.A., needs to show that we are bad ass, and that we are responible, I say, inflate our way out of this debt, and NO MORE DEBT EXCEPT FOR EMERGINCES!!! Damn, lets show people we are the best nation at this game of numbers and we can KEEP A BUDGET, know that would be bad ass, people would say, Hey, america is bad ass with a budget!!

[DADODAMIR]

He saying a lots, that he dont know - And he is the best investor in USA?

[TheResistanceV]

This is the clown that said he would buy US treasuries even if they had no yield. So what good is his opinion if it's so moronic?

[bloorwestreno]

lets hope he's right

[Seano71]

@bowtomonkey he's more positive today, check out his latest Charlie Rose interview.

[bowtomonkey]

Would he still be saying this today?

[gengarjetty]

@ivjf212 :

but were the previous recessions due to the fact that america was a saturated economy?

[peterwatson12]

People simply want to jump on successful people such as Warren Buffet

[cardigan3000]

if i had his money i wouldnt read papers id just go to the nearest strip bar