July 14th, 2010
01:08 PM ET

Obama quietly huddles with Buffett

As the recession continues to play a monumental role in the mid-term election battle, CNN has learned that President Barack Obama quietly met with billionaire Warren Buffett for an hour-long meeting at the White House Wednesday, according to senior officials familiar with the chat.

The 11:15 a.m. meeting was not listed on Obama's public schedule, the officials said, but the White House released a photograph of the encounter after it had ended.

In addition to the economic crisis, the two men discussed energy reform and other issues, according to the officials.

Buffett formally endorsed Obama in the 2008 presidential campaign, giving him critical credibility in the heated battle with Republican presidential candidate John McCain over which man would better handle the financial crisis.

But the so-called "Sage of Capitalism" has sometimes been critical of Obama's handling of the economy as president. In March of 2009, Buffett suggested that the new commander-in-chief had too much on his plate.

"And I think we've had, and it's the nature of the political process somewhat, but we've had muddled messages and the American public does not know," Buffett said on CNBC. "They feel they don't know what's going on, and their reaction then is to absolutely pull back."

At the time, White House aides said Buffett was focusing his criticism more on the process in Washington than on Obama himself.

soundoff (3 Responses)
  1. DL13

    In 2006 the Dems said, "Hey, let us run things for a while. We can screw things up better than you can." And, so they took control of Congress in 2006 and the Presidency in 2008, and guess what? They were right, they have screwed things up better that the Reps could. The question will be, "Which party can reinvent themselves with the platform of watching out for the people?" I mean, REALLY watching out for the people, because we are starting to wake up and mobilize to take our country back from the Self-Serving. Are there any REAL statesmen/women in the land that are willing to jump on the "Watching out for ALL the people" bandwagon? Only time will tell.

    July 14, 2010 at 3:19 pm | Report abuse |
  2. mmi16

    Both parties need to get their heads out of their posteriors and work on solutions for the country. They have been working to screw each other much too long and the country is paying the price.

    July 15, 2010 at 4:14 am | Report abuse |
  3. Er

    Sage of Omaha

    Not sage of capitalism

    July 15, 2010 at 7:45 am | Report abuse |