Buffett to Taxpayers: Get Over Your Anger

Discussion in 'Economy' started by Mad Scientist, Sep 24, 2010.

  1. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    The gall of this asshole! :evil:
    Buffett to taxpayers: Get over your anger - Omaha.com

    Mr. Buffet conveniently omits the fact that Stimulus didn't work. And actually, we are gonna' get over a little bit of our anger in November, he just doesn't realize it yet.
    Either Buffet doesn't understand that Washington IS the problem or he sees that his willing accomplices in D.C. are gonna' be out on their asses in November and is in panic mode.
     
  2. Ravi
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    Ravi Diamond Member

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    He's right. Negativity is counter productive, though of course it is the Republicans stock in trade.

    The stimulus saved jobs and created jobs...the road construction in my area is proof of that.

    I understand the Republicans have introduced a plan to "fix" the country...it includes laying off government employees and stopping all stimulus projects (thus putting people out of work and leaving road work projects as eye sores and dangers to the public).

    :thup:
     
  3. loosecannon
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    loosecannon Senior Member

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    too funny!
     
  4. Old Rocks
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    Old Rocks Diamond Member

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    Funny? His ability to judge what will create wealth has made him the second wealthiest man in the world.
     
  5. R.C. Christian
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    R.C. Christian Gold Member

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    Buffett missed a perfect opportunity to keep his mouth shut.
     
  6. Madeline
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    Madeline BANNED

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    I really Buffett. The quotes make him seem arrogant or foolish, but that doesn't seem like him. Mebbe they were taken out of context.
     
  7. william the wie
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    william the wie Gold Member

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    Not likely. His partner Charlie Munger has come out with similar comments. Berkshire Hathaway has highly significant liabilities in the areas of investment banking, bond ratings and derivatives. Any investigations of the bailout or financial reforms is going to ruin his profitable franchise.
     
  8. loosecannon
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    loosecannon Senior Member

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    You missed the joke. He discounts the formal definitions and the NBER only to appraise the economy exclusively thru the prism of his own bottom line.

    Pricelessly funny if you think about it.
     
  9. loosecannon
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    loosecannon Senior Member

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    Buffet is changing. He once swore off derivatives calling them economic weapons of mass destruction. Then he jumped into them knee deep and lost a bundle. Now they are one of the most profitable parts of his portfolio.

    And he has increased his holdings of bank stocks because they were bargains after the collapse. And of course he defends Moodys since he owns a big share of them.

    Now he is divesting his Moodys shares ( Berkshire Cuts Moody’s Stake, Continuing Stock Sales - BusinessWeek ) and may likely change his tune.

    It is always his own bottom line with Buffet.
     
  10. william the wie
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    william the wie Gold Member

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    Buffet is second only to Soros as a deep pocket for the Dems so he may also be saying STFU to his hired hands.
     

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