UNDATED—Billionaire investor, Warren Buffet, warns unemployment will get worse and that President Barack Obama has too much on his plate.

Buffett appeared on CNBC Monday, saying our economy is frozen by fear. He blames President Obama for confusing Americans by focusing on too much.

"You can't expect people to unite behind you if you are trying to jam a whole bunch of things down their throat," says Buffett.

The White House responded to the criticism from Buffett, saying "When a house is on fire you fight it everywhere, not one room at a time."