Monday, May 19, 2008

America's Richest Man Warren Buffett supporting Obama

(CNN) — Warren Buffett, a longtime friend of both Hillary and Bill Clinton, told CNN Monday Barack Obama would be his choice for the next President of the United States.

Speaking with CNN's Becky Anderson, the billionaire investor said he would gladly vote for either candidate, but said it is clear the senator from Illinois will be the party's nominee.
"So it would be Barack Obama, — [he] would be my preference," Buffett said.

Buffett had refused to take sides in the prolonged Democratic presidential race. The Nebraska Democrat hosted million dollar fundraisers for both last summer, and had previously held back on endorsing one over the other. Though he reportedly said at the Clinton fundraiser that the New York senator is "the person to run the country."

Buffett also has offered Clinton informal advice on the economy, and the two led a question-and-answer session about the economy with voters at a San Francisco campaign event in December.
Buffett, the world's richest man according to Forbes Magazine, runs Omaha-based Berkshire Hathaway Inc. The company's assets total more than $260 billion.

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