During the 2016 election cycle, multi-billionaire business magnate Warren Buffett was one of President Trump’s biggest critics. And he even appeared on stage at a Hillary Clinton rally to take a cheap shot at Donald J. Trump over not releasing his tax returns.
Nearly two years later, however, it appears times have changed BIG-TIME! And Buffett is actually praising the man he helped try to take down during the election. Continued Below
According to a report by Daily Mail, Buffett, who is worth of 82 billion dollars, sat down with CNBC’s Squawkbox and indirectly admitted he is very impressed with President Trump’s handling economy. The mogul believes Trump’s economy is “strong” and it appears he is setting the stage to keep it that way for at least the next 10 to 30 years.
In his interview, Buffett said Americans are living through a “rare” economy and “business is good.”
While specifying why he feels this way, Buffett said:
“Right now, there’s no question: It’s feeling strong…I mean, if we’re in the sixth inning, we have our sluggers coming to bat right now.” Continued Below
JP Morgan Chase CEO Jamie Dimon, who was interviewed alongside Buffett, gave his take on what the strong economy means for months and years to come.
Simon said, ‘The way I look at it, there is nothing that is a real pothole. If you look at how the table’s set, consumers are in very good shape.’
Simon’s comment coincided Buffett’s remarks that he can’t look in a crystal ball, but feels the economy will experience a good 10 to 30 years as a result of current decisions that are being made.
As per the Daily Mail:
‘The two men’s comments come as the unemployment rate fell to an 18-year low of 3.8 per cent.
Meanwhile, second-quarter growth is expected to reach 4.5 per cent, according to the Atlanta Fed’s GDPNow tracker.’
Since Trump has become President, Buffett has softened his tone towards the same man he denounced and challenged to release his tax returns during the 2016 election. Video Below
Seeing high-profile former critics, like Buffett, changing their perspective towards the President is a trend we are seeing more and more of as Trump continues to turn America’s economy around. And if this strong economic momentum continues, it will be something Americans will have a hard time turning their back on when at the poll booths in 2020.
We leave you with part of the interview with Buffett, where he speaks optimistically about the current state of the economy and outlook for the next several years.
Do you think Trump is about to make the economy the strongest that America has ever seen? Scroll down below and let us know!