Biden official responds to Buffett’s attack on opponents of stock buybacks

After Warren Buffett criticized opponents of stock buybacks over the weekend, a White House official offered a response Wednesday, suggesting the storied investor and President Joe Biden aren’t totally at odds on this issue.

In his annual letter to Berkshire Hathaway BRK.B BRK.A shareholders, Buffett made the following point: “When you are told that all repurchases are harmful to shareholders or to the country, or particularly beneficial to CEOs, you are listening to either an economic illiterate or a silver-tongued demagogue…