Buffett Says Economic Pearl Harbor is Over

By: Dan Weil

Investment legend Warren Buffett says the worst has passed for the economy, but that we’re not out of the woods yet.
Last fall in an interview with CNBC, he said the economy was in a “Pearl Harbor” stage.
Asked now by the network whether the economy is still in that situation, Buffett says, "Well, no. We're at a war now to some degree, but Pearl Harbor was September.”
He explains, “At that point, you could have lost the war. And there was a strike at the heart of the American system, the financial system.”
But, Buffett says, “We got past that. Some of the right decisions were made then, so I give people great credit for doing that. The war isn't over, though."

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http://moneynews.newsmax.com/streettalk/buffett_pearl_harbor/2009/05/01/209725.html