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October 03, 2011 at 09:28 AM
Wall Street “doesn’t feel loved,” Warren Buffett told Charlie Rose in an interview on Sept. 30, Bloomberg reports. Buffett noted that some rhetoric from President Barack Obama led to a lack of support from Wall Street.
Buffett is attempting to attract support for the president’s re-election, according to Bloomberg.
Obama on Sept. 19 announced a plan to reduce the deficit by more than $3 trillion over the next 10 years, with $1.5 billion coming from the Buffett Rule, or an increased minimum rate on those who earn more than $1 million per year.
“You take the number of people making a million dollars or over on Wall Street and you can fill a very large auditorium,” Buffett said in the interview. “I think the president felt, ‘My God, look at all the things we did for business, and they’re unappreciative, and I’m all that stands between them and the pitchforks.’ ”
Buffett did a series of interviews on Friday, Bloomberg reports, discussing investments at Berkshire-Hathaway, Bank of America’s ongoing struggles and the debt crisis in Europe.
“We’re ready to buy lots of things,” he said in an interview with Betty Liu on the floor of the New York Stock Exchange. Specifically, he noted that his firm is ready to invest “billions and billions and billions” in plants, equipment and new acquisitions.
