What Does Buffett Really Think of Obama?
Then Mr. Buffett appeared Monday in a TV interview with Charlie Rose and sang the praises of J.P. Morgan Chase JPM +1.67% CEO Jamie Dimon as a potential Treasury Secretary. Mr. Dimon has been conspicuous among bank CEOs for criticizing the president's economic policies, and in particular financial regulations flowing from the 2010 Dodd-Frank law.
But Mr. Buffett called Mr. Dimon "terrific" and told Mr. Rose, "If we did run into problems in markets, I think he'd actually be the best person you could have in the job."
Warren Buffett may be Mr. Obama's top cheerleader in the business community, but he appears to disagree with tax and regulatory policies at the center of the Obama agenda. Does this make Mr. Buffett hypocritical? No more so than does his advocacy of the Buffett Rule, given how little of his own fortune he exposes to taxation.