Buffett Shuns Super PAC Contributions While Backing Obama
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Warren Buffett, the world’s third-richest man and a supporter of President Barack Obama, faulted campaign-finance rules that allow unlimited contributions and said he won’t donate to a super political action committee.
“I don’t want to see democracy go in that direction,” Buffett said yesterday at the annual shareholders meeting of his Berkshire Hathaway Inc. in Omaha, Nebraska. “You have to take a stand some place.”