The comments come as the well-known investor and chief of Berkshire Hathaway looks to garner more support for the incumbentâs plans to retain his post at the White House.
In an interview, Mr Buffett said: âWall Street certainly doesnât feel loved. I think there was some rhetoric that contributed to that.â
âYou take the number of people making a million dollars or over on Wall Street and you can fill a very large auditorium. I think the president felt, 'My God, look at all the things we did for business, and they're unappreciative, and I'm all that stands between them and the pitchforks'."
President Obama has been accused of instigating a class war by some Republicans by looking to raise taxes for the wealthy.
He is believed to have asked Congress to bring in the Buffett rule, which would mean those earning $1 million need to pay a similar rate of tax to middle-income Americans.
By Jim Ottewill