Buffett Recruited as Schwarzenegger's Economic Adviser

Bloomberg no url | 8/13/3

[NativeNewYorker]

Aug. 13 (Bloomberg) --Arnold Schwarzenegger, the actor who is running for governor of California, said billionaire investor Warren Buffett will be the financial and economic adviser to his political campaign, the campaign said in a statement.

Buffett, the world's second-richest man, has built a fortune buy buying companies through his company, Berkshire Hathaway Inc. Debbie Bosanek, Buffett's assistant, didn't immediately return a phone call seeking comment.

[Revolting cat!]

Oh, shiite!

[Miss Marple]

This does not seem to me to be a good thing. I am highly suspicious of Warren Buffet.

[EternalVigilance]

Sheesh. This gets worse daily.

Buffett is a frickin' socialist.

[Charles Martel]

I can smell the Democrat response already: "See, he's got some RICH guy to help him put the screws to the poor and middle-class, and especially all you immigrants!"

[krb]

No big deal. Just a ploy for Arnold to be taken seriously by people.

[Austin Willard Wright]

Interestingly, Buffett's father, Howard Buffett, was a very conservative congressman from Nebraska, sort of the Ron Paul of the 1950s. Warren, however, tends to depict his father as a poor fool who was mislead by the rightwingers.

As to Arnold, some of us warned that the first thing that Arnold would do on becoming governor would be to raise taxes. If this move doesn't nail the validity of that prediction, nothing will.

[July 4th]

Free Blizzards for every voter.

[Austin Willard Wright]

So the brilliant Arnold is just toying with us eh? C'mon.

[Petronski]

Ach! Warren Buffett! (I was thinking of Warren Rudman.)

[Protagoras]

This does not seem to me to be a good thing. I am highly suspicious of Warren Buffet.

A lover of the communist graduated income tax. And other despicable things. A creep of the first degree in my mind.

[EternalVigilance]

No kidding.

[TexasNative2000]

Oh....... Warren, not Jimmy.

[EternalVigilance]

And a Coke.

[EternalVigilance]

LOL...

[Hildy]

Better than Warren Beatty!

[Archangelsk]

"Or is it?" - Homer

[Dane]

This does not seem to me to be a good thing. I am highly suspicious of Warren Buffet.

Could be a Wall Street rumor(note the lack of a web link), and I agree with you, if true.

[Ayn Rand wannabe]

That was my first thought too. ;-)

[Pubbie]

But I thought Arnold was a "Fiscal Conservative"?

[wideawake]

Warren Buffett is the greatest single enemy of the unborn in the world today. He embodies the culture of death.

With him on board nothing a Schwarzenegger administration will ever do will be socially conservative.

[Hildy]

What's interesting about this is that we're always yakking about how private business would do a much better job at running a State. Well, we're about to find out if we've been right!

[blau993]

My first thought on seeing the headline was "Cool -- Arnold's going for the Parrot Head vote!"

[Hildy]

Please, please stop making this about abortion. It's not about abortion, never was, never will be.

[DPB101]

Well...didn't take long for Arnold to poke conservatives in the eye. Not only is Buffet a tax loving Rat, he funded abortion groups.

In addition, Buffet was against stockholders not paying double taxes on dividends. The reason? His company pays no dividends. If taxes were reduced, he would be forced disgorge his profits to those who own the company. Less money for him to play with. He also is against lower death taxes. Doesn't mind if kids lose the family farm or family business because of taxes, those in his asset bracket can shield their property from the taxes everyone else is forced to pay.

[Brian S]

MSNBC is also reporting this...

[Revolting cat!]

Why, this is fabulous news, folks! It means that George Soros won't get the job!

[ambrose]

people who blindly jump on a bandwagon will end up with what they deserve.

[Brian S]

Warren Buffett Will Be Schwarzenegger's Economic Adviser, Campaign Says

Aug. 13 (Bloomberg) --Arnold Schwarzenegger, the actor who is running for governor of California, said billionaire investor Warren Buffett will be the financial and economic adviser to his political campaign, the campaign said in a statement.

Buffett, the world's second-richest man, has built a fortune buy buying companies through his company, Berkshire Hathaway Inc.

Debbie Bosanek, Buffett's assistant, didn't immediately return a phone call seeking comment.

Last Updated: August 13, 2003 14:55 EDT

[Afronaut]

"The folksy Buffett even seems to handle personal crisis with grace. Separated since the late 1970s, he lives in Omaha with paramour Astrid Menks; Susan lives in San Francisco. The separated couple share leftist political views, reportedly funding causes like Planned Parenthood and International Projects Assistance Services, which distributes abortion devices in impoverished countries."

Forbes

Still supporting? How about you Missy? Still supporting the Liberals?

[ambrose]

In case you're keeping count, Richard Riordan is policy advisor, Buffett is economic advisor. I wonder what other POS RINO they're going to scrape off the pavement and throw into this campaign?

[B Knotts]

Notice he waited until the end of Rush's show to announce this. :-)

[B Knotts]

ROFL

[Dane]

MSNBC is also reporting this...

Can you provide a link?

It may be true or not, but MSNBC is also tuned into the latest Wall Street "buzz" and hype it up.

JMO, but this seems to be the story "du jour" about Arnold. I will wait for an official announcement.

But what the hey rumor mongering seems to be your forte, considereing your previous posting on FR, IMO.

[Protagoras]

Buffet is everything I detest. And Arnold is just another power monger.

BUT,,,,,if you are a Republican you are usually golden on this board.

[B Knotts]

Take a gander at this.

[Brian S]

See post #27

[Afronaut]

"The Senate decided that the dividends an individual receives should be 50 percent free of tax in 2003, 100 percent tax-free in 2004 through 2006 and then again fully taxable in 2007. The mental flexibility the Senate demonstrated in crafting these zigzags is breathtaking. What it has put in motion, though, is clear: If enacted, these changes would further tilt the tax scales toward the rich."

WB_Published on Tuesday, May 20, 2003 by the Washington Post

[CollegeRepublican]

There are only about 10 people in the world in his asset bracket. :)

[niki]

ping

[Dane]

See post #27

I did and the Bloomburg report is pure rumor, notice the last sentence of the below passage of the link you provided in reply #27.

Warren Buffett Will Be Schwarzenegger's Economic Adviser, Campaign Says

Aug. 13 (Bloomberg) --Arnold Schwarzenegger, the actor who is running for governor of California, said billionaire investor Warren Buffett will be the financial and economic adviser to his political campaign, the campaign said in a statement.

Buffett, the world's second-richest man, has built a fortune buy buying companies through his company, Berkshire Hathaway Inc.

Debbie Bosanek, Buffett's assistant, didn't immediately return a phone call seeking comment.

Notice the lack of a link to an "official" statement(could be a web hoax), and the silence by Buffet's spokesperson.

[BonnieJ]

He's a financial advisor (if this is true) not an advisor on social issues like abortion. The second-richest man in the world just might have some good ideas to help salvage California. And he made his fortune himself. I don't like Buffet but he may have something beneficial to contribute on the most desperate of all issues for the state.

[Brian S]

Oh my...got carried away with my "rumor mongering" and meant post #30!

[Miss Marple]

I take it you are addressing me. I don't have a dog in this hunt. I live in Indiana.

I am not thrilled with Warren Buffet, but the fact remains he does understand the bond and stock market. He's a democrat and outspoken in disliking the tax cuts the President passed.

So, we will see what happens. For the vast majority of voters, this will add weight to Arnold's candidacy, since if they know Buffet at all, they know him as a smart rich guy. Very few know of his political leanings or his stand on abortion.

[ambrose]

I think Ivan Boesky is more qualified.

[Brian S]

Schwarzenegger hires Warren Buffett as campaign adviser

Wednesday, August 13, 2003
©2003 Associated Press

URL: http://www.sfgate.com/cgi-bin/article.cgi?f=/news/archive/2003/08/13/national1519EDT0659.DTL

(08-13) 12:19 PDT LOS ANGELES (AP) --

Arnold Schwarzenegger has hired Warren Buffett as his senior financial and economic adviser, his campaign announced Wednesday.

Buffett is a billionaire investor legendary for his financial prowess. The chairman of Berkshire Hathaway is also a Democrat.

"What he will be doing is assembling other prominent business leaders and economists and setting up a team to address the issues facing California," said Schwarzenegger spokesman Sean Walsh.

"I have known Arnold for years and know he'll be a great governor. It is critical to the rest of the nation that California's economic crisis be solved, and I think Arnold will get that job done," Buffett said in a statement.

Buying at low prices into well-known, solid companies, Buffett built Omaha, Neb.-based Berkshire into a huge conglomerate with a market value of more than $80 billion that owns insurance, restaurant, furniture and shoe companies. Buffett generally avoids high-tech companies, arguing he cannot tell which will be usurped by advances in technology.

©2003 Associated Press  

[Registered]

Yaaaaawwwwn.

[wideawake]

(1) Whether or not a person thinks slaughtering innocent children is a good idea is THE indicator of whether or not they are socially conservative.

Many Republicans insist on voting for a person who has a conscience.

(2) Warren Buffett is NOT a fiscal conservative.

HE OPPOSES TAX CUTS.

HE SUPPORTS ALL GREAT SOCIETY SOCIAL PROGRAMS.

HE SUPPORTS ESTATE TAXES.

HE SUPPORTS PROPERTY TAXES.

Before you keep saying Buffett represents "our" point of view, examine what "our" means in the context of FR.

[kellynla]

Link?