Buffet Says Neither President Can Stop US Economy

Portrait of Warren Buffet from Insider Monkey

Portrait of Warren Buffet from Insider Monkey

Warren Buffet, a financial guru for many in the US, says the US economy will continue to grow whether Hillary Clinton or Donald Trump wins the Presidential election.

Though neither candidate is yet officially running for president, by the end of the summer, after the Republican and Democratic conventions choose their candidates, the most likely choice will by Clinton versus Trump.

“If either Donald Trump or Hillary Clinton becomes president, and one of them is very likely to be, I think Berkshire will continue to do fine,” Buffett, 85, said. Buffet is the chairman and CEO of Berkshire Hathaway, and investment firm.

Buffet added that the US is now a “remarkably attractive place in which to conduct a business,” where companies have experienced “terrific” returns on their investments despite the prolonged extremely low interest rates.

Buffet is a Clinton supporter, giving her his backing at a rally in Omaha in December. When asked what might happen to Berkshire’s business if Trump became president, Buffet answered, “That won’t be the main problem.”

Buffet is the son of a former Republican congressman. Democrats are happy to have him as a way to boost the credibility of the Democratic party with the economic elite of the country, especially when they advocate for the middle class and poor.

“Twenty years from now, there’ll be far more output per capita in the United States in real terms than there is now. In 50 years, it’ll be far more,” Buffett said. “No presidential candidate or president is going to end that. They can shape it in ways that are good or bad, but they can’t end it.”

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