Warren Buffett to Fox Business: U.S. Didn’t Deserve S&P Downgrade

When news broke that S&P downgraded the United States economy, Fox Business News’ Liz Claman immediately reached Warren Buffett for comment. The billionaire expressed disappointment and confusion that S&P made the decision to mark down the U.S. from AAA to AA+.

Buffett provided this statement to FBN:

“I don’t get it. It doesn’t make sense. In Omaha, the U.S. is still Triple-A rated and if there were a Quadruple-A I’d give the U.S. that.”

Even as many Americans might be worried about the current state of our financial system, his comments tonight indicate that Buffett is still very bullish on America’s economic prospects. And, as Claman points out, a lot of people listen carefully to what Warren Buffett says and take his investment advice seriously.

Watch the video of Claman’s report below, via FBN:

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