Buffett: Trump "Deserves Everyone's Respect" – NMP Skip to main content

Buffett: Trump "Deserves Everyone's Respect"

Nov 11, 2016
It’s not common for a housing and mortgage industry executive to be the subject of a nationally broadcast biographical documentary. But, then again, not every housing and mortgage industry executive is Warren Buffett

One of Donald Trump’s greatest housing industry critics is calling on the country to “coalesce” behind the President-Elect.

In a CNN interview, Berkshire Hathaway CEO acknowledged his vocal support of Hillary Clinton’s campaign, but stressed that the incoming president is deserving of being treated in a respectful manner.

“I support any president of the United States,” said Buffett. “It's very important that the American people coalesce behind the president. That doesn't mean they can't criticize him or they can't disagree with what he's doing maybe. But we need a country unified. He deserves everybody's respect.”

Buffett added that he had doubts over some of Trump's claims on how the economy would respond under his leadership.

"Nobody can grow the economy four percent in real terms over time," Buffett said. "The math is too extraordinary."

Buffett added that while he believed Trump’s success in the private sector was strong in licensing and promoting his name, his record in running some of his businesses was less than stellar. Still, this did not bother him.

"I don't have to worry about him running a business anymore," he said, noting that President Harry Truman ran a failed haberdashery store before entering politics and that "he turned out to be a terrific president." 

About the author
Published
Nov 11, 2016
July CPI Eases Mortgage-Rate Risk, But Doesn’t Promise Relief

Consumer inflation rose just 0.1% in July, reducing pressure for a September Fed rate hike as mortgage rates remain near their highest levels of the year

Aug 13, 2026
The Fed Held. The Mortgage Market Got A Warning.

Three policymakers favored an immediate hike, while Warsh welcomed higher bond yields and offered no clear path toward mortgage-rate relief

Jul 30, 2026
New Study Finds UWM's 'All-In' Triggered Industrywide Pricing Spillovers

Research shows wholesale competitors responded to the 2021 Rocket ban by lowering mortgage rates,

Jul 15, 2026
First Major Housing Reform In Decades Becomes Law Without Trump's Signature

Bipartisan ROAD to Housing Act advances supply, construction, and mortgage reforms despite White House protest

Jul 10, 2026
Mortgage Star Conference Honors Women Shaping The Future Of Mortgage Leadership

MWLC honors leaders driving innovation, mentorship, and growth across the mortgage industry

Jul 09, 2026
June Jobs Report Improves Mortgage Rate Outlook

Slower hiring strengthens bonds and eases concerns over additional Fed tightening

Jul 02, 2026