Billionaire Warren Buffett on Gingrich and Romney

In Time: This whole business about [Newt] Gingrich going down to Occupy and saying, ‘They ought to be getting a job,’ that’s just … you know, maybe they can be historians for Freddie Mac too and make $600,000 a year.” When I ask whether Mitt Romney is a job creator or destroyer, Buffett says that while businesses shouldn’t keep people they don’t need, “I don’t like what private-equity firms do in terms of taking out every dime they can and leveraging [companies] up so that they really aren’t equipped, in some cases, for the future.