Cramer and Buffet

In case you haven't noticed it, two of the biggest investor gurus out there -Jim Cramer and Warren Buffet- talked about the economy and the Obama administration.

Cramer and Buffet are big liberals. They have both come out in favor of Barack Obama. Even today they talked about how much they loved him.

And they both blamed our economic woes on his handling of the economy yesterday.

Buffet put it this way:

Job one is to win the war. Job -- the economic war. Job two is to win the economic war, and job three. And you can't expect people to unite behind you if you're trying to jam a whole bunch of things down their throats. I don't think anybody on December 7th would have said that a war is a terrible thing to waste and therefore we're going to try and ram through a whole bunch of things. It's just a mistake, I think, when you've got one overriding objective to try and muddle it up with a whole bunch of other things.[1]

Check out Jim Cramer's critique of Obama's economic approach:

Rush Limbaugh defended me as a wayward leftist who has seen the light. Hey, I'm thrilled to have allies and defenders. Lord knows I need 'em. But the truth is I actually agree with almost all of Obama's agenda right down to having the rich pay more taxes. I just think it's the wrong time. We need to declare war on unemployment and solve it before it gets out of hand. We need stop house price depreciation. Nothing Obama's done so far will defeat either enemy, and all the initiatives he wants to rush, like the tax hikes, changes in health care, take away the mortgage deduction, I mean good grief, he wants to take away the mortgage deduction right in the midst of the worst housing downturn in history. The tough cap-and-trade rules. Any of these could derail any chance of the economy turning around.[1]

These are not a bunch of conservative rich guys saying how much they want to fail. These are liberals who voted for Obama. They've caught the duplicity of his 'we have to be responsible' mixed with wild handouts spending millions on tattoo removal and pig odor management.

Business investors are pulling all their funds out because they can see Obama is going right after their wallets.