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2011-08-22 Economy

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Posted by g(r)omgoru 2011-08-22 02:57|| || Front Page|| [11135 views ] Top

#1 Mr. Buffet's commentary has been totally misunderstood, in my view. He pleaded for entitlement reform and agreed that he was willing, as a price for this reform, to let them squander billions of his hard earned money as a price for that reform. Put differently, his acceptance of higher tax rates buys him a seat at the redistributionist's table. Who else do you want there? George Soros?

Posted by Perfesser 2011-08-22 05:12|| 2011-08-22 05:12|| Front Page Top

#2 I am certainly not eating at that Buffet.

Posted by Anonymoose 2011-08-22 09:39|| 2011-08-22 09:39|| Front Page Top

#3 he (Buffet) is fundamentally dishonest. To start with, I have ill feelings toward someone who lobbies for estate tax and then buys these estates when those people cannot pay that tax.

Second, his manipulation garnered him great advantage with Goldmann Sachs thereby profiting from government prolifigate spending.
He is far from a hero.

Posted by newc 2011-08-22 12:03|| 2011-08-22 12:03|| Front Page Top

#4 Warren Buffet NEEDS Democrats in power for the next ten years, or he looses his shirt on all the windmills and other "alternate energy" boondoggles he's invested in. Republicans are very, very likely to cut the subsidies for "green" energy they see as wasteful, unproductive, and a drag on the economy. Warren can't have that. His current screed is just a smokescreen to cover his need for government subsidies.

Posted by Old Patriot 2011-08-22 12:14|| 2011-08-22 12:14|| Front Page Top

#5 Ergo, he is no different than a welfare parasite. It matters not how little or much money you have if it's all from taxpayers and other people.
In either case, the government is a tool.

Posted by newc 2011-08-22 12:38|| 2011-08-22 12:38|| Front Page Top

#6 Key issues for the electorate are (1) rent seeking combined with regulatory capture (2) debt overhang (not sovereign debt) - someone has to eat all that bad debt, no reason that the taxpayers should -- this is closely tied in to the first issue (3) wrongdoing by the financial industry being overlooked by captive politicians & media -- stop the looting and start prosecuting (4) squandering of government resources, currently being used by pols to buy votes for the next election cycle from people who don't pay any taxes.
I would support a candidate who would do something about all these issues. Thain't none at the moment.

Posted by Anguper Hupomosing9418 2011-08-22 12:45|| 2011-08-22 12:45|| Front Page Top

#7 Oh my, the greed-is-good-ers are having a little lover's spat. How quaint...

Posted by Trembling B4 G*d 2011-08-22 20:27|| 2011-08-22 20:27|| Front Page Top

#8 nice - at least this troll has English skills

Posted by Frank G 2011-08-22 20:48|| 2011-08-22 20:48|| Front Page Top

#9 New troll, same as the old troll. N'cest pas?

Posted by Nimble Spemble 2011-08-22 20:58|| 2011-08-22 20:58|| Front Page Top

#10 Obama thinks Buffet is some kind of economics guy. What a sucker.

Posted by newc 2011-08-22 21:19|| 2011-08-22 21:19|| Front Page Top

#11 New troll, same as the old troll. N'cest pas?

Not sure, Nimble Spemble. This one appears to be posting from Amsterdam, but is also Etienne. He could be spoofing the IP, though -- it's not my area of expertise.

Posted by trailing wife 2011-08-22 23:49|| 2011-08-22 23:49|| Front Page Top

00:13 JosephMendiola
23:50 Redneck Jim
23:49 trailing wife
23:40 trailing wife
23:39 Water Modem
23:38 JosephMendiola
23:38 gorb
23:36 Water Modem
23:31 badanov
23:27 Water Modem
23:27 JosephMendiola
23:10 trailing wife
23:06 Thing From Snowy Mountain
22:35 trailing wife
22:01 Frank G
21:34 trailing wife
21:34 Nimble Spemble
21:31 newc
21:30 Etienne
21:28 Redneck Jim
21:22 Redneck Jim
21:19 newc
21:05 Procopius2k
21:00 Nimble Spemble