Warren Buffett hosted CNBC’s Squawk Box this morning and had this to say about the notion, held by many Democrats, that a crisis is a terrible thing to waste:
“I don’t think anybody on December 7 [1941] would have said, ‘A war is a terrible thing to waste, and therefore we’re going to ram through a whole bunch of things and expect the other party to unite behind us on the big problem.'”
The deepening crisis is an “economic war,” the Berkshire Hathaway CEO said. And the Obama Administration, obviously stretched, should focus its efforts on it.