Donald Trump pulled one of the biggest political upsets of modern history. Here's what the Oracle of Omaha has said about Trump in the White House.
Matthew Frankel
(TMFMathGuy)
Nov 9, 2016 at 8:39AM
Image source: The Motley Fool.
More than half of Americans say they are either "concerned" or "scared" about Donald Trump as President of the United States. There are several reasons for this -- for example, many people worry about Trump's divisive rhetoric or lack of political experience. One big area of concern is the economy, so if you're worried, here's some advice from Warren Buffett that can help put things into perspective.
An outspoken Clinton supporter
Warren Buffett has made no big secret of who he supported for president, and it certainly wasn't Donald Trump. Buffett has campaigned for Clinton, participated in her rallies, and has had some particularly harsh words condemning Trump's actions and proposed policies.
He called Trump out on his refusal to release his tax returns, saying that he was under audit as well, and would gladly release his returns if Trump would do the same.
He even spent election day shuttling Omaha voters to their polling places on a trolley. A Trump presidency was definitely not what Warren Buffett wanted to see. However, that doesn't mean that Buffett is worried for America -- at least from an economic point of view.
A threat to American business? Don't bet on it.
During Berkshire Hathaway's (NYSE:BRK-A) (NYSE:BRK-B) 2016 annual meeting, Warren Buffett responded to a question that asked whether a Trump presidency would pose a threat to Berkshire's business. Buffett didn't specifically address the potential effects of Trump on Berkshire, simply saying "That won't be the main problem."
Buffett went on to say that Berkshire has done just fine in a variety of political and economic climates, and that it would continue to do so. "We've operated under price controls, we've had 52% federal taxes applied to our earnings... we've had regulations come along," Buffett said. "I will predict that if either Donald Trump or Hillary Clinton become president Berkshire will do fine."
Continued:
https://www.fool.com/retirement/2016/11/09...
Posted By: How May I Help You NC
Thursday, November 10th 2016 at 2:59PM
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