notoldschool

US billionaire Warren Buffett backs Obama for president

I cant wait to hear all the GFY racists (yeah Im talking to you AlienQ) proclaim to be smarter than this guy. Yeah he must just be easily charmed by great speeches too. LOL

http://news.yahoo.com/s/afp/20080519/ts_alt_afp/germanyusinvestpoliticsbuffett_080519163709;_ylt=A oMZ0By0QIhdx_88YO8En7Fh24cA

__________________
No doubt one may quote history to support any cause, as the devil quotes scripture.
-- Learned Hand

http://www.bjpenn.com

GatorB

I thought some Mexican is the world's richest

farkedup

Warren Buffet is a loon.... he's a good investor but beyond that the guy is nuts.

We should take this as nobody should follow Obama.

__________________
-- QUOTE ME IT MAKES ME FEEL SPECIAL --

mikeyddddd

"I think that the US has followed and is following policies which will cause the US dollar to weaken over a long period of time," he said.

"They say in the stock market ... buy stock in a business that's so good that an idiot can run it because sooner or later one will," he added.

"Well, the United States is a little like that. We can take a little mis-management from time to time," Buffett said.

__________________

notoldschool

I think we have had our fill of mis-management. Is 8 years little enough?

__________________
No doubt one may quote history to support any cause, as the devil quotes scripture.
-- Learned Hand

http://www.bjpenn.com

Libertine

So, in other words, Buffett supports the Democrats.

__________________
/(bb|[^b]{2})/

Quotealex

I beg to differ but I think the richest man is some Indian!

GatorB

I thought it was this guy by appearantly he's #2

http://www.forbes.com/lists/2008/10/...mily_WYDJ.html

Socks

A man worth roughly $60 billion dollars with his company based in the USA (share prices around $130,000 each I think) is voting democrat..

Where's DaddyHalBucks to tell us how much of a moron Warren Buffett is, and how the democrats are going to ruin the country's economy? :D

Quotealex

Isn't it still Ambani: http://www.independent.co.uk/news/bu...an-395553.html

GatorB

He's 6th

http://www.forbes.com/lists/2008/10/...bani_VX6G.html

you link is from Oct 2007 mine is from March 2008.

GatorB

because he realizes his income only getting taxed at 15% the same as a minimum wage worker and that's wrong.

potter

Obama is the shit

__________________

mikeyddddd

I've had my fill for longer than 8 years. I didn't vote for the idiot when he ran for governor of Texas. I sure as hell didn't vote for him for president.

Bush has far exceeded my fears of how badly he could mismanage the country.

__________________

escorpio

Are you saying anyone that doesn't back Obama is a racist?

SoloGirlsContent

You just succeeded in "not making any fucking sense at all". I'd follow a Billionaire than your broke dumb ass, that's for sure

Tempest

What's funny is that everyone actually thinks that just because someone endorses a candidate that that person is actually doing it because they want that person to win.

SlammedMedia

the country's economy is already a disaster...you republican's need to stop playing dead and wake up.

__________________
ICQ: 350-260-628

Socks

I hear you, but I highly doubt that's the case here. Buffett is renowned for being overly honest and forthcoming. He's like the epitome of the saying "honest to a fault".

From wikipedia

Buffett:

* Has repeatedly criticized the financial industry for what he considers to be a proliferation of advisors who add no value but are compensated based on the volume of business transactions which they facilitate. He has pointed to the growing volume of stock trades as evidence that an ever-greater proportion of investors' gains are going to brokers and other middlemen.

* Has emphasized, the non-productive aspect of gold in 1998 at Harvard: "It gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."

* Has stated, that he only paid 19% of his income for 2006 ($48.1 million) in total federal taxes, while his employees paid 33% of theirs despite making far less money.[16]

* Believes that the U.S. dollar will lose value in the long run. He views the United States' expanding trade deficit as an alarming trend that will devalue the U.S. dollar and U.S. assets. As a result it is putting a larger portion of ownership of U.S. assets in the hands of foreigners. This induced Buffett to enter the foreign currency market for the first time in 2002. However, he substantially reduced his stake in 2005 as changing interest rates increased the costs of holding currency contracts. Buffett continues to be bearish on the dollar, and says he is looking to make acquisitions of companies which derive a substantial portion of their revenues from outside the United States. Buffett invested in PetroChina Company Limited and in a rare move, posted a commentary[17] on Berkshire Hathaway's website why he would not divest from the company despite calls from some activists to do so. (He did, however, sell this stake, apparently for purely financial reasons.)

* Believes that the world is nearing its maximum capacity of oil production, and that gradually depleted oil fields could reduce the amount produced.[18]

* Believes government should not be in the business of gambling. He believes it is a tax on ignorance.[19]

* Has called the 2007-present downturn in the financial sector "poetic justice".[26]

tiger

Buffet is one of the smartest, most sensible, down to earth people in the world. Please explain how you figure he is a loon?

__________________

slavdogg

“…for the first time in my adult lifetime, I am really proud of my country!” and “America … is a mean country”.

__________________
Adult Traffic for Sale