Warren Buffett recently made a $25,000 donation to a political action committee that supports Hillary Clinton as a potential presidential candidate. This should come as no surprise to anyone that the billionaire pledged his support in hopes of Hillary running for the highest office in the land in 2016.
Back in October of this year, Warren Buffett predicted that Hillary Clinton would be elected as president two years from now, and he said, “I will bet money on it, and I don’t do that easily.” He also tells us that nobody is better qualified to take over as president after Pres. Barack Obama finishes his second term.
At first appearance, it might seem a bit strange hearing about Buffett contributing to a super PAC after criticizing them repeatedly for allowing those who donate millions of dollars to have much too much influence on the outcome of the elections. Back in 2012, he told shareholders of Berkshire Hathaway that he would not contribute to any of the PACs accepting unlimited donations to support the reelection campaign of Barack Obama.
“I don’t want to see democracy go in that direction,” said Buffett. “You have to take a stand some place.”
On the surface, it may look like Buffett has abandoned his stand, but his contribution is not a huge departure from his principles as it might appear.
The PAC is called Ready for Hillary, and it has a self-imposed contribution limit of $25,000 per person, and that is the amount that Warren Buffett donated.
A group spokesperson said that they “wanted to focus on grassroots” and provide low dollar donors an opportunity to have a voice on a “big platform.”
On the other hand, if Buffett was really looking to support Clinton as a big contributor, he certainly could have donated millions of dollars to one of the liberal PACs that do not limit donation amounts, and as an example Priorities USA Action.
A spokeswoman at Berkshire Hathaway confirmed the $25,000 donation made by Warren Buffett but did not comment any further.