Buffett holds sway in the White House horse race

Someday soon, Warren Buffett may have to apply his legendary stock-picking skills to the candidates clamoring for his endorsement in the 2008 presidential race. For now, the plainspoken Nebraska billionaire appears to be enjoying his role as an unaffiliated kingmaker, raising money for Democrat Hillary Rodham Clinton, while promising to do the same for her chief rival, Barack Obama. He's even heaped praise on New York Mayor Michael Bloomberg, who recently left the Republican Party and might join the race as an independent. ''As the markets often would follow Buffett's investments, I think that same mentality would follow his political activities, too,'' said Joseph Marbach, a Seton Hall University political science professor.

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