Memo to Warren Buffett: Put Down the Pom-Poms and Tell Us the Truth About the Economy

AP/Jin Lee

Arianna Huffington: Difficult times need wise men to tell difficult truths. And, for many years, Warren Buffett has done just that. So it was deeply distressing to listen to him last week joining in the economic victory lap the Obama administration is taking -- accentuating the positive and ignoring the negative again and again and again. His cheerleading would have been okay if it had been accompanied by some ideas -- any ideas -- for what steps need to be taken to help bring the economy back. But the dose of truth-telling we so desperately need was absent. Instead of raising his prophetic voice to sound the alarm about the rising tide of unemployment, foreclosures, and bankruptcies Buffett sounded a trumpet blast: "behold and rejoice."

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