Apple CEO Steve Jobs has been named as an economic advisor for Democratic US presidential candidate John Kerry.

Kerry has also named investment guru Warren Buffett as an advisor. Buffett has criticised the Bush administration, likening recent $1.7 trillion tax cuts announced in the US – which faces a growing trade and federal deficit – as "welfare for the rich".

Kerry's campaign spokesman David Wade said: "Kerry reached out to them and they're giving him economic advice about the deficit and job creation."

Democratic links with Apple are also visible in the presence of former US vice president Al Gore on Apple's board. Gore lost his chance to be president of the US through one crucial vote in Florida.