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Buffett says government is doing the right things

hypocritexposer

Well-known member
This was a shareholder meeting, and he's talking about the last year.

If it was May 01, he may be speaking of the time under the Bush administration, which would have been 9 months or 3/4 of the year, he is discussing.

good question Sandhusker.

Reader which administration is he talking about?
 

VanC

Well-known member
I find it odd that the super-rich are vilified by the left unless, like Buffet and Soros, they support Obama and his policies. Then they suddenly morph into someone to be respected and listened to. :roll:
 

SMN Herf

Well-known member
I am sure he is happy haveing the taxpayers come in and save many of the companies that he had invested in. It saved him a lot of money. I read some stuff on it a while ago about the bailouts he was publicaly supporting while at the same time he had considerable investments in these companies.

Why is it that guys like George Soros and Warren Buffett and others who have billions of dollars in the market nobody makes them have full disclosure when it comes to giving market advice in thier news stories?
 

Larrry

Well-known member
I find it very hard to side with Buffett. At one time and I don't know if he is still invested in PetroChina. But take a look at them:
http://ranchers.net/forum/viewtopic.php?t=34330&highlight=petrochina
 

aplusmnt

Well-known member
Guys like Buffet sold their souls to get mega rich through Capitalism. Now they want to try to buy it back through support of social programs to help the poor. They pledge money that they would never be able to spend in their remaining short lives, it is nothing more than a token.

I find it ironic and sad!
 

hypocritexposer

Well-known member
Reader has done a good job of misleading with this title.

All through the article, and any others \i have read about this shareholders meeting, Buffet was speaking in the past tense.

Even a month and a half ago, he was saying the current administrations economic solutions were the wrong direction.
 

TexasBred

Well-known member
hypocritexposer said:
Reader has done a good job of misleading with this title.

All through the article, and any others \i have read about this shareholders meeting, Buffet was speaking in the past tense.

Even a month and a half ago, he was saying the current administrations economic solutions were the wrong direction.

Most stockholders meetings would be in the past tense. Management is bringing everyone up to date on the past year compared to the previous and then will "hope" for a good coming year based on certain assumptions.
 

Sandhusker

Well-known member
reader (the Second) said:
Hypocrit is still holding grudges for criticisms (justified) that I made of some of the threads he started :lol: :lol: :lol: But he's stretching very far on this one. :roll: :roll:

The point is that someone who is smart about money has something positive to say about how the Obama administration is handling the economic crisis which they INHERITED.

Dispute it if you can but all you guys have done is go off on tangents about the tense of the shareholders meeting or about Buffet.

Nowhere in that quote is the Obama administration mentioned. He could very well be talking about the steps Bush took before leaving office in attacking the economic crisis the Democrats CREATED.
 
A

Anonymous

Guest
Sandhusker said:
reader (the Second) said:
Hypocrit is still holding grudges for criticisms (justified) that I made of some of the threads he started :lol: :lol: :lol: But he's stretching very far on this one. :roll: :roll:

The point is that someone who is smart about money has something positive to say about how the Obama administration is handling the economic crisis which they INHERITED.

Dispute it if you can but all you guys have done is go off on tangents about the tense of the shareholders meeting or about Buffet.

Nowhere in that quote is the Obama administration mentioned. He could very well be talking about the steps Bush took before leaving office in attacking the economic crisis the Democrats CREATED.

What steps :???: The only thing Bush did was the Bush Bailout- and you guys been claiming that plan was formulated by Geithner and passed by the Dems....
So what steps did Bush do- except keep echoing "the fundamentals of the economy are strong" until the Banks/Corporate entities started folding- and we were within days of a total financial meltdown... :???:
 

Mike

Well-known member
Obama "Inherited" the economic crisis? Wasn't he a member of the U.S. Congress that "Appropriates ALL Funds" spent by the U.S. government?

He inherited it all right. He inherited it from himself and his cronies in D.C. :roll:
 

hypocritexposer

Well-known member
The point is Reader, you thought you had found a tidbit of joy on how Obama is handling the economy. Buffett was talking about the Billions the fund made under Bush.

Supposedly the recession started about a year before Bush left office. Right OT?

Buffett was speaking about the fund's performance under the Bush administration's economic decisions.

The shareholders will have to wait until next May to see if the fund has performed as well under the Obama administration. Good luck to them.


The point is that someone who is smart about money has something positive to say about how the Obama administration is handling the economic crisis which they INHERITED.

Reader, you didn't listen to Buffett's comments on Obama economics, back in March did you?

Dispute it if you can but all you guys have done is go off on tangents about the tense of the shareholders meeting or about Buffet.

You are right though, there was a guy that is smart about money, that said he was having a "very good crisis", he's a guy that makes money when the economy tanks. His name is George Soros, he bets against America.

If those are the types of funds you invest in, you'll do well over the next few years!
 

Texan

Well-known member
VanC said:
I find it odd that the super-rich are vilified by the left unless, like Buffet and Soros, they support Obama and his policies. Then they suddenly morph into someone to be respected and listened to. :roll:
That's a really good point, Van. Just shows more of the liberal's hypocrisy.

I also find it odd that the libs were ready to crucify President Bush when he wanted to let workers invest some of their FICA withholdings in the stock market. The libs were furious and didn't think that people should be allowed to do that with their own money if they wanted to. But now?

Now they get all giddy when the stock market goes up after Obama and Congressional Dems decide to invest trillions of dollars of embezzled taxpayer money into propping up big companies.

So...it's not okay if you want to invest your tax money in big successful companies. But it's okay to let Timmy invest your tax money in big failing companies. How 'bout those Dems? :lol:
 

Steve

Well-known member
Buffett Sees Massive Inflation to Handle Staggering Debt

The Congressional Budget Office predicts that government debt will peak around 54 percent of GDP in 2011.

But Buffett told CNBC Monday morning that the ratio could surpass 80 percent — unless there are significant spending cuts or tax increases.

“A country that continuously expands its debt as a percentage of GDP and raises much of the money abroad to finance that, at some point, it’s going to inflate its way out of the burden of that debt,” Buffett said.

Experience proves that, he points out.

“Every country that has denominated its debt in its own currency and has found itself with uncomfortable amounts of debt relative to the rest of the world, in the end they inflate,” Buffett explains.

“That becomes a tax on everybody,..."
 

Steve

Well-known member
Texan said:
VanC said:
I find it odd that the super-rich are vilified by the left unless, like Buffet and Soros, they support Obama and his policies. Then they suddenly morph into someone to be respected and listened to. :roll:
That's a really good point, Van. Just shows more of the liberal's hypocrisy.

I also find it odd that the libs were ready to crucify President Bush when he wanted to let workers invest some of their FICA withholdings in the stock market. The libs were furious and didn't think that people should be allowed to do that with their own money if they wanted to. But now?

Now they get all giddy when the stock market goes up after Obama and Congressional Dems decide to invest trillions of dollars of embezzled taxpayer money into propping up big companies.

So...it's not okay if you want to invest your tax money in big successful companies. But it's okay to let Timmy invest your tax money in big failing companies. How 'bout those Dems? :lol:

I would be willing to bet, Obama and crew start letting that same FICA investment money go to buy treasuries by the end of the year.. as a supplement to your retirement income..
 

aplusmnt

Well-known member
Watched Buffet today in an interview and he actually said what the Government did back at the end of 08 was the right thing to do. He did not reference Obama in regards the bail outs, just that what Bush did was needed and helped.
 

TexasBred

Well-known member
The point is Reader, you thought you had found a tidbit of joy on how Obama is handling the economy. Buffett was talking about the Billions the fund made under Bush.

Supposedly the recession started about a year before Bush left office. Right OT?

Buffett was speaking about the fund's performance under the Bush administration's economic decisions.

The shareholders will have to wait until next May to see if the fund has performed as well under the Obama administration. Good luck to them.

May, 2008 the stock market was still above 13,000...things were still good. What's the date on this meeting?? May????
 
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