Saturday, September 25, 2010
Anyone who has invested in stocks knows it is difficult to pick the future winners and losers. It either takes extraordinary skill or extraordinary luck. Warren Buffett earned a fortune by repeatedly investing in the right stocks through Berkshire Hathaway, an insurance company turned closed-end mutual fund. Many people assumed he must have a rare talent, so they dubbed him the 'Oracle of Omaha'.
It is becoming increasingly apparent that Buffett's fortune is due to just dumb luck. Out of the millions of people who invest in stocks, there are going to be a handful who get lucky, time after time. Warren has revealed himself to be incredibly stupid when it comes to politics and government policy.
Taxpayer anger against President Barack Obama and Congress is counterproductive because policy makers took measures including deficit spending to stimulate the economy, billionaire investor Warren Buffett told CNBC.
“Sentiment has turned very sour in the last three or four or five months,” the chairman and CEO of Omaha-based Berkshire Hathaway Inc. said in an interview broadcast Thursday.
“I hope we get over it pretty soon, because it’s not productive,’’ Buffett said. “We will come back regardless of how people feel about Washington, but it is not helpful to have people as unhappy as they are about what’s going on in Washington.”
Warren, taxpayer anger against 0bama, Pelosi, Reid, & Co is very productive because it informs our elected officials of when they are doing stupid things like the stupid stimulus package, the federal nationalization of health care, and other lunacies that are planned including amnesty for illegal aliens and the restrictions on CO2 emissions.
Its called democracy, Warren. The people of the USA decide how the country is to be run. Not the political leaders and not the super-rich. We have every right to be angry. You need to get over it.
“The truth is we’re running a federal deficit that’s 9 percent of gross domestic product,” Buffett said. “That’s stimulative as all get out. It’s more stimulative than any policy we’ve followed since World War II.”
Is it really stimulative Warren? Then why aren't any jobs being created? How can you possibly take so much money out of the private sector and put it into ridiculous government programs and expect it to help the economy?
Warren, your hero 0bama is nothing more than a glib marxist with a messiah complex. He has no understanding of economics whatsoever and neither do you.
Tuesday, September 21, 2010
Singer Bono has a 'charity' called the One Campaign that supposedly fights poverty in the third world. Here is what they do with their donations:
The Bono nonprofit took in $14,993,873 in public donations in 2008, the latest year for which tax records are available.
Of that, $184,732 was distributed to three charities, according to the IRS filing.
Meanwhile, more than $8 million was spent on executive and employee salaries.
Among other things, One Campaign is worried about the nonexistent 'climate change' threat.
Sunday, September 12, 2010
I am normally an admirer of Camille Paglia's intellect and insights. In this stupid Op-Ed she displays neither. In one of the stupidest comments I have ever heard in my life:
Most of her worshippers seem to have had little or no contact with such powerful performers as Tina Turner or Janis Joplin, with their huge personalities and deep wells of passion.
Yeah, Camille. Gaga's fans haven't had much contact with Turner or Joplin. Tina Turner is 70 years old. Her last single that charted was in 1992. Janis Joplin died in 1970. Even many of the parents of Gaga's fans are too young to remember Joplin.
How chickenshit can you get, Camille? You're an American writing about another American. Why do you have to go to a UK paper to do it?