OMAHA, Neb. — Billionaire Warren Buffett wants people to know he thinks the U.S. government performed well during the economic meltdown of 2008.
So the chairman and CEO of Berkshire Hathaway Inc. wrote a thank-you note to “Uncle Sam” that the New York Times published Wednesday on its op-ed page.
Buffett used the opinion piece to reiterate his view that the government should be praised for its efforts to stabilize the economy with massive bailouts and stimulus spending.
Buffett said in the article that specific decisions will be questioned, but Uncle Sam’s actions during the crisis were “remarkably effective.” He said that Federal Reserve Chairman Ben Bernanke; Treasury secretaries Hank Paulson and Tim Geithner; FDIC Chairman Sheila Bair and former President George W. Bush all acted courageously to right the economy.
He did not respond immediately to questions Wednesday.