OMAHA — Billionaire investor Warren E. Buffett stood next to Sen. Barack Obama at a country club fundraiser here Wednesday evening, praising the Illinois Democrat and calling for a federal tax system that would charge the rich more.
Buffett, who can move markets with a few syllables and is increasingly trying to do the same in politics, introduced the presidential candidate and his wife, Michelle, at an event that attracted about 200 people.
"He's not only a leader, but he can lead us to the right place," said Buffett, who also told a racy joke and made a few offhand remarks about the sagging stock market. "Barack is here to increase the abundance, but to spread it around a little more so that it is inclusive prosperity."
Buffett, who joked that it was "lonely" being a Democrat in Nebraska, said he first met Obama about three years ago and that the two had "had a lot of time to talk." The Wall Street wizard also said it was time to "fire the administration."