Buffett is waking up! Better up the dosage of HopeChange Juice

[CrusaderFrank]

I told Charlie Munger to check Warren's food and water because someone been slipping HopeNChange juice into Warren's cereal and turning him into an Obamaroid.

Next thing you know, this happens

“Large numbers of people who have ‘lost’ their house through foreclosure have actually realized a profit because they carried out refinancings earlier that gave them cash in excess of their cost,” Buffett, chairman and chief executive officer of Berkshire Hathaway Inc. (BRK/A), said Feb. 25 in his annual letter. “In these cases, the evicted homeowner was the winner, and the victim was the lender.”

Buffett: Banks Victims of Evicted Homeowners - Bloomberg

What will the Fluffers say now? Typical white behavior from Warren?

 

[waltky]

Granny says, "An' tax dem job outsourcin' companies too...

Obama pushes 'Buffett rule' tax rise plan
10 April 2012 - Mr Obama told supporters "prosperity has always come from a strong and growing middle class"

US President Barack Obama has renewed calls for a new tax on wealthy Americans as he seeks to define his position for the upcoming election. Mr Obama called for the rich to pay a "fair share", ahead of a vote in the US Senate on the so-called "Buffett Rule". The rule is named after billionaire investor Warren Buffett, who has said he should pay a higher rate of tax than his secretary.

The Senate proposal puts a minimum 30% tax on earnings over $1m (£631,000). While the US tax rate on top earners is 35%, many wealthy investors earn investment income, taxed at 15%, and pay an overall smaller percentage of their earnings in taxes.

Tax fairness?

At a speech at Florida Atlantic University in Boca Raton, Florida, Mr Obama framed the Buffett rule in terms of fairness. "Right now, the share of our national income flowing to the top 1% has climbed to levels last seen in the 1920s," Mr Obama said. "And yet those same people are also paying taxes at one of the lowest rates in 50 years." Mr Obama also pitched his larger economic policy as a long-term benefit for the economy, saying investments in areas like education and research were not "made as part of some scheme to redistribute wealth from one group to another". "They've been made by Democrats and Republicans for generations because they benefit all of us, and lead to strong, durable economic growth," Mr Obama said.

Mr Obama's campaign also used the Buffett-rule proposal on Tuesday to attack Mitt Romney, now the presumptive Republican presidential nominee, effectively confirming that the president is now firmly in general election mode. "[Mr Romney] thinks millionaires and billionaires should keep paying lower tax rates than middle-class families," the campaign said in a statement. "In fact, Romney himself isn't paying his fair share." Mr Romney released his taxes in January, showing he paid about 14% of his income for the past two years.

Campaign first?

 

[waltky]

60% of Americans like the Buffett Rule...

Gallup: Six in ten favor 'Buffett Rule'
Apr 13, 2012 - President Obama's attempts to sell the so-called Buffett Rule appear to be having some impact. It's polling well.

Gallup reports that six in ten Americans -- 60%-37% -- favor the proposal that would require millionaires to pay at least the same tax rate as middle class Americans, around 30%. The decisive margin comes from Democratic and independent voters; most Republicans oppose the Buffett Rule.

The Senate is set to vote on the proposal Monday, but Republicans are expected to block what they call an election year gimmick that will not create jobs or grow the economy. The rule is named for billionaire investor Warren Buffett, who says it's unfair that he pays a lower tax rate than his secretary.

Republicans pointed to a different part of the Gallup survey: Very few respondents -- 1% -- mentioned the gap between the rich and the poor as the nation's top economic problem.

"Democrats can talk about this tax hike until they're blue in the face, but Americans are looking for solutions on jobs, gas prices and the deficit," said Brendan Buck, a spokesman for House Speaker John Boehner, R-Ohio. "And this gimmick doesn't offer a solution to any of them."

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