Buffet praises U.S. efforts to economy

Warren Buffett has welcomed the Government's efforts to save the economy during the financial crisis, there are two years to prevent a collapse of the economy.

In a letter published by the New York Times, buffet wrote all American companies dominoes were aligned and were ready to overthrow the speed of lightning to the bankruptcy of Lehman Brothers in September 2008.

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"My own company, Berkshire Hathaway, could be the last to fall, but this distinction provided consolation," buffet, nicknamed the Oracle of Omaha, said.

Speaking later Wednesday on CNBC, buffet expanded its message of thanks, saying that if lawmakers intervened to help the economy "I would be eating dinner Thanksgiving at McDonald's."

Buffet said decision to the Bush to purchase assets that many investors regarded as toxic had helped remove the economy to the brink of collapse.

Legendary investor congratulated architects program bailout including Federal Reserve Chairman Ben Bernanke and congratulated the President of United States George w. Bush leads program.

"Although I never voted for George w. Bush, I give him credit for leading even that positions and squabbled," he wrote in the article.

"You have been criticized, Uncle Sam, for some of the earlier decisions which we in this chaos - most prominently, for do not fighting against rot emplacement on the housing market" Buffett wrote. "" ""But then saw few critical questions clearly either.?

Absent from the list of people he praised: President Barack Obama prepares to appoint Buffett as one of the 15 winners of the Medal of freedom, more top civilian honour the nation.Buffet 2010 has been one of the defenders of highest of the President in the medium business.

Reuters has contributed to this report.


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