Buffett defended federal efforts to support the economy, ranging from last fall's financial rescues to the the $787 billion stimulus plan enacted earlier this year.
"Government does need to step in," Buffett said, referring to the 6% contraction of the U.S. economy in the fourth quarter of 2008 and the first quarter of 2009.
Sunday, May 03, 2009
Warren Buffett, Socialist
Warren Buffett hates capitalism.
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