Extreme Bovine Excrement.
Buffett is playing a curve. GM is making a profit only because of government propping. At some point the government will cut that support and then union greed will be allowed to finish what it started. I’m sure Buffett will dump his stock at a profit before that happens.
Buying GM isn’t about buying American, it’s about supporting Obama and the union/communists.
Well you’ll certainly find plenty to agree with then, on this site.
I am taking a conspicuously minority view here. But I take it from strong personal principle:
We have become part of the problem. We need to be pro-American.
I’ll repeat that. We need to be pro-American.
Not pro-Republican or pro-Democrat. That is the problem now, both sides are anti-American.
Everyone is sold out.
America shrinks, spends more then she has, and is on a fast track to historical irrelevance if we do not turn (dramatically) around and start to support the USA first.
In my opinion that is what Buffett is doing. Ahead of the game. He sees the way we are heading, and is buying American.
I support him 100% in this.
Whatever I may criticize Buffett for (not a lot on this site, but quite a lot for his sell-out to Obama) I am with him 100% for buying American.
We are headed toward a conflict of some sort. China is rapidly growing, keeping all their production to Chinese control. Even the joint ventures, are 51% Chinese and all manufacturing there is done domestically.
The game is rigged. We have largely, allowed that, so now we have to fix that.
That is my own personal opinion. It seems to be a seriously minority view here on FR, but I hold it more strongly by the day.
We must change. Especially the GOP. Now.
Well said.