Clinton Basks in Buffett Glow

[question everything]

The Wall Street Journal

Clinton Basks in Buffett Glow
Events Tout Support Of Business Leaders As Worries Shift
By AMY CHOZICK and MONICA LANGLEY
December 12, 2007; Page A10

SAN FRANCISCO -- Democratic presidential rivals Hillary Clinton and Barack Obama are vying for the affections of legendary investor Warren Buffett, as the economy eclipses Iraq as a key election issue. Mr. Buffett has said he won't endorse a candidate but that he is willing to throw his substantial fund-raising capabilities behind both Sens. Clinton and Obama.


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At yesterday's Clinton fund-raiser, the New York senator asked Mr. Buffett questions from the audience on topics including taxes, the depreciation of the U.S. dollar and whether new investment products such as derivatives and structured investment vehicles are safe investments. Mr. Buffett criticized the Bush administration's tax policy, saying it has contributed to the growing gap between rich and poor. "The super-rich have been getting a huge break," Mr. Buffett said, "and it hasn't trickled down."

Mrs. Clinton interspersed her own questions for Mr. Buffett with the audience's. Her first, "Warren Buffett, why are you a Democrat?," drew a standing ovation. Mr. Buffett has long identified with Democratic causes and criticized the Bush administration's economic policies. He has also spoken favorably about the presidential prospects of New York Mayor Michael Bloomberg, who recently left the Republican Party to become an independent, but has denied that he is planning to run.

In another effort to show she has the confidence of respected figures from the world of finance, Mrs. Clinton will hold a fund-raiser Friday for 750 attendees in New York during which she will make her first public campaign appearance with Robert Rubin, who served as treasury secretary under Bill Clinton. Mr. Rubin, who resumed his duties as a director at Citigroup Inc. yesterday after temporarily serving as chairman, will join Mrs. Clinton and former Secretary of State Madeleine Albright in a discussion about the economy and foreign policy. Tickets for the event range from $1,000 to more than $25,000.


URL for this article:
http://online.wsj.com/article/SB119741970618422171.html (subscription)




(I like this image of Clinton that the WSJ uses when writing about her)

[Deja Q]

1. How much did she eat in the buffet, and should we be prepared for a nasty smell?

:hide: