Posted on 02/28/2009 9:12:45 AM PST by tarpit
AP via Brietbart Warren Buffet the optimist by AP via Breitbartstory indicates "Warren Buffett says the economic turmoil that contributed to a 62 percent profit drop last year at the holding company he controls is certain to continue in 2009, but the revered investor remains optimistic.
Warren Buffet the pessimist Bloomberg story indicates While Buffett and business partner Charlie Munger can’t predict how stocks will perform in 2009, they’re certain “that the economy will be in shambles throughout 2009 - and, for that matter, probably well beyond,” he wrote.
After reading the full letter to shareholders, I feel a little better about the economy. However, I wonder how Buffett could have been such an Obama supporter, and I cannot help but wonder what he now thinks of Obama. Obama’s course of action is going to cost Buffett and his shreholders lots of money over the next few years. Still, Buffett is in a much better position than the rest of us in trying to figure out how to avoid being decimated by the coming inflation.
buffet voted for obama.
Wealthy industrialists sucked-up to Adolph,too.
It may seem a bit odd that Warren Buffett, one of the greatest capitalists the world has ever seen, resides firmly in the liberal camp when it comes to tax policy.
Buffett favors higher taxes on both income and wealth. His writings call for higher income taxes at the corporate level and more progressive income taxes at the personal level snip
and does any of the higher taxes buffet favors effect him? Could we increase taxes on charities too, which are just shelter for the rich.
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