Under Obama the Economy is Expanding! True Story

[Procrustes Stretched]

Under Obama the Economy is Expanding! True Story

What does it mean? If you are Warren Buffet it means profit: Berkshire Hathaway's 3rd-quarter profit rises 29% to $5.05 billion - latimes.com

Berkshire Hathaway Inc., the company run by billionaire Chairman Warren Buffett, said third-quarter profit climbed 29% on investments and gains at railroad Burlington Northern Santa Fe.

Net income rose to $5.05 billion, or $3,074 a share, from $3.92 billion, or $2,373, a year earlier, the Omaha company said Friday. Operating earnings, which exclude some investment results, were $2,228 a share, missing the $2,403 average estimate of analysts surveyed by Bloomberg.

Berkshire has benefited from an expanding U.S. economy and stands to make further gains as consumer demand picks up and the housing market recovers. The company's subsidiaries haul freight, insure cars, generate electricity, make building supplies and sell products as varied as running shoes and diamond rings.

Keep hearing how Obama owns the economy, so...with the bad comes the good.

 

[Procrustes Stretched]

one year later...

 

[jasonnfree]

one year later...

This is going to ruin more than one right wing weekend. They find happiness in bad news.

 

[Moonglow]

I am just happy that my dog is getting enough cheese in his diet...........

 

[william the wie]

US fracking and the Chinese slowdown should lead to further expansion from lower cost energy. That should mean great output growth but limited wage and labor force fraction expansion possibly through the end of 2015. Obama has no control over this either but he and the Ds will get the blame.

 

[Procrustes Stretched]

US fracking and the Chinese slowdown should lead to further expansion from lower cost energy. That should mean great output growth but limited wage and labor force fraction expansion possibly through the end of 2015. Obama has no control over this either but he and the Ds will get the blame.

keeper post save

 

[EdwardBaiamonte]

Obama has no control over this either but he and the Ds will get the blame.

of course thats really really stupid. Obama could lead a transition to capitalism and get 10% growth a year much like the Chinese have.