Saturday, September 25, 2010

Taxpayers to Buffett: Get Over Your Stupidity

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.

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