Buffett said the nation needs a clear message from the government about what the problem is in the economy and what will be done. He said all 535 members of Congress should set aside partisan bickering to deal with what Buffett has called an economic Pearl Harbour.
"What is required is a commander in chief that's looked at like a commander in chief in a time of war," Buffett said.
A little over a week ago, Buffett released his annual letter to shareholders describing the worst of his 44 years at the helm of Berkshire. The Omaha, Neb.-based company reported sharply lower profit because of its largely unrealized $7.5 billion investment and derivative losses.