You know things are bad for President Obama when even Warren Buffett has soured on Obamacare and says that "we need something else." Money Morning writes:
"Healthcare costs in the United States are like a tapeworm eating at our economic body.
"Those words come from famed investor Warren Buffett, who said he would scrap Obamacare and start all over.
"'We have a health system that, in terms of costs,
is really out of control,' he added. 'And if you take this line and you
project what has been happening into the future, we will get less and
less competitive. So we need something else.'
"Buffett insists that without changes to Obamacare average citizens will suffer.
"'What we have now is untenable over time,' said
Buffett, an early supporter of President Obama. 'That kind of a cost
compared to the rest of the world is really like a tapeworm eating, you
know, at our economic body.'
"Buffett does not believe that providing insurance
for everyone is the first step to take in correcting our nation's
healthcare system.
"'Attack the costs first, and then worry about
expanding coverage,' he said. 'I would much rather see another plan that
really attacks costs. And I think that's what the American public wants
to see. I mean, the American public is not behind this bill.'"
