Isn’t Buffett an Obama advisor like Paul Volker? Why’s he telling us?
Indeed he is an advisor. The legs of the table are being removed one by one.
Buffett is first and foremost what Founder John Adams derisively called a "money-getter." That is, the acquisition of wealth is his reason for living. He is Scrooge McDuck personified.
If he is now telling you what to expect, you can rest assured that he is well prepared to profit from your response. Follow the money and draw your own conclusions.