In this latest news story, Warren Buffett says:
...the U.S. government is generally taking the right actions to help the economy recover, and it should be given some benefit of the doubt because officials have been reacting in the middle of a crisis.
"Overall, I commend the actions that were taken," Buffett said."
My two questions for Warren Buffett are:
(1) In your lifetime, how many companies have you invested in when they were on the verge of bankruptcy, i.e., vastly overvalued? (We all know the answer to this one: None. Buffett is the world's foremost value investor.)
(2) If you consider this a poor investment strategy for your own portfolio, why is it to be commended when the United States Gunvernment does it?