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Warren Buffett Backs Obama

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The “Oracle of Omaha” (or “Sage” as noted below) is putting his considerable economic gravitas behind the Democratic candidate.

From the AFP:

Buffett told a press conference here Monday he had offered support to both Obama and Democratic rival Hillary Clinton but that since it appeared Obama would win the party’s nomination, “I will be very happy if he is elected president.

“He is my choice,” Buffett said.

Commenting on the US economy, the 77-year-old investor who is known as the “Sage of Omaha,” stressed that fiscal, monetary and trade policies were of great importance.

“I think that the US has followed and is following policies which will cause the US dollar to weaken over a long period of time,” he said.

I guess he’s tired of the Repubilcan’s version of “fiscal responsibility.”