5:29 p.m. ET March 9, 2009
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Billionaire Warren Buffett remains confident that America’s best days are ahead, but he says the nation likely will face higher unemployment and eventually inflation because of the current economic crisis.
Buffett said the nation’s leaders need to emphasize a consistent message, and they should support President Barack Obama’s efforts to repair the economy because fear is dominating Americans’ behavior.
Buffett said the economy has basically followed the worst-case scenario he envisioned six months ago.
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