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Buffett's Partner: 'It's Over' for U.S. Economy
http://moneynews.com/Headline/munger-buffett-economy-debt/2010/02/22/id/350529?s=al&promo_code=97C7-1 ^

Posted on 02/22/2010 1:13:43 PM PST by cycle of discernment

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To: cycle of discernment

All by design...to bring you into your new serfdom with your new world government. After a few weeks of not eating, you’ll be glad to be a slave for soup floating with rat droppings...


21 posted on 02/22/2010 1:31:29 PM PST by WKUHilltopper (Fix bayonets!)
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To: SirJohnBarleycorn

“Out of every $100 produced by Americans, the government takes away $45.”

You pay 45%?


22 posted on 02/22/2010 1:33:17 PM PST by DonaldC (A nation cannot stand in the absence of religious principle.)
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To: GonzoGOP

Buffet is a Dem and supported Obama. Munger is not a Dem and has consistently supported Republicans, including McCain in the last election. Wish Munger could have talked some sense into his partner.


23 posted on 02/22/2010 1:33:20 PM PST by Irishgirl
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To: cycle of discernment

The U.S. MUST re-value the dollar 1 for 10 or more, and MUST be the first, return to gold and silver with 100% backing for paper money, at first.


24 posted on 02/22/2010 1:33:34 PM PST by Waco (Wanna buy an FBI file,,,See Hillary, she's got 900 of them.)
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To: cycle of discernment

Mostly it’s over for Charlie Munger, who is 86.

Mortality comes to all.


25 posted on 02/22/2010 1:33:38 PM PST by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
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Comment #26 Removed by Moderator

To: screaminsunshine

Hugo Chavez made his pals into rich Oligarchs and he’s been throwing them in prison now.


27 posted on 02/22/2010 1:34:03 PM PST by GeronL (Political Philosophy: I Own Me (yep, boiled down to 6 letters))
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To: Paul Ross
Oh, like automobiles? Ooops. Outsourced.

Most cars sold in this country are manufactured here.

28 posted on 02/22/2010 1:35:03 PM PST by SonOfDarkSkies (Luke 12:34 -- For where your treasure is, there will your heart be also.)
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To: tiki

zer0 will devalue the dollar, big time and soon. inflation will roar. It will be very sad, homeless camps, crime, and it won’t be like the 30s nope, a lot of the population is on drugs, legal or not they are on them, they will want their fix.


29 posted on 02/22/2010 1:37:28 PM PST by reefdiver ("Let His day's be few And another takes His office")
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To: tiki

Actually not that hard. A year of jubilee. All debts cancelled.

China won’t like it though.


30 posted on 02/22/2010 1:37:48 PM PST by Phillipian
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To: DonaldC

45% is the share of US GDP that government spends


31 posted on 02/22/2010 1:38:23 PM PST by SirJohnBarleycorn
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To: jdsteel

Agree!


32 posted on 02/22/2010 1:40:23 PM PST by classified
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To: pgkdan

Then republicans have to stop drifting and reverse course the next time they return to power.


33 posted on 02/22/2010 1:40:30 PM PST by dr_who
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To: cycle of discernment

Original Slate article.
http://www.slate.com/id/2245328/pagenum/all/


34 posted on 02/22/2010 1:41:52 PM PST by posterchild (Endowed by my Creator with certain unalienable rights.)
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To: cycle of discernment

So in Basicland, the government doesn’t interfere in the economy or tax it too much? Or is that Fantasyland?


35 posted on 02/22/2010 1:44:06 PM PST by TheThinker (Communists: taking over the world one kooky doomsday scenerio at a time.)
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To: qwertypie

Eisenhower added to social security. Bush added a drug benefit to medicare. Bound to be other examples. Even if we refrain from adding on to Democrat programs, we still need to take the government off of autopilot because the ship of state is headed for a crash.


36 posted on 02/22/2010 1:44:09 PM PST by dr_who
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To: cycle of discernment

Hey Charlie, your stupidass buddy supports the evil scum that are doing all this damage.


37 posted on 02/22/2010 1:44:22 PM PST by MrDem (Founder: Democrats for Cheney/Palin 2012)
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To: DonaldC
It is hard to figure out who is the more evil between the government and some parts of the financial industry, both need to be reigned in.

The government is much more powerful. That's where you start.

38 posted on 02/22/2010 1:45:16 PM PST by TheThinker (Communists: taking over the world one kooky doomsday scenerio at a time.)
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To: jdsteel
The article pointedly omits that the GOVERNMENT needs to stop spending & borrowing, and instead points it’s finger at the financial sector.

Exactly. And it fails to mention that much of the housing bubble was due to government requirements to lend to people who couldn't repay their housing loans. It's extreme Lefty BS.

39 posted on 02/22/2010 1:45:25 PM PST by Bernard Marx (I donÂ’t trust the reasoning of anyone who writes then when they mean than.)
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To: GeronL

No! He makes it official that Republicans and the Right don’t have a clue as to what is going on. Sleeping with Libertarians has left the GOP, well let’s call it what it is, FRIGGIN’ BRAIN DEAD on economic stuff.

All your typical Republican can do today is wallow around like some kind of chimpanzee on economic issues making hoots, howling occasionally, and shaking branches around. (I am perhaps being too charitable.)

Wall Street (WS)has sunk the country. Obama has not risen to the occasion having been courted and wooed by WS, and having as economic advisors some of WS’s finest. Obama has been seduced by Wall Street and it is so bad, even the progressives on the lefty side of things are puking and having DT’s.

Do the Republicans rush in and save the day? Do they finally re-regulate the sorry b*stards? OH H*LL NO! They are too busy repeating libertarian-Ayn Rand garbage like “free market” and “no regulation”. Cause you see, they don’t get it yet. It was the the free, unregulated-ish markets which did this.

Our Founding Fathers had a brief experience with weak and puny government that could not perform its limited job effectively. They called it the Articles of Confederation. It was so week that it didn’t work, and being realists, they knew they had to have a government that could perform the functions needed. NOT PRACTICALLY NO GOV’T AS PREACHED BY THE GOP PRIMATES.

The GOP has the golden opportunity here to do the right thing AND come back into power for the right reasons (instead of as a reaction to Obama) and what do they do???

They sit in their little monkey cages, wash down bananas with stale Libertarian Tea, and preen thru each other’s fur searching for various lice, fleas, and ticks. This instead of recapturing America’s center and the independents, and the p*ssed off Democrats.

parsy, who wishes you all would read up some on this stuff


40 posted on 02/22/2010 1:47:00 PM PST by parsifal (Abatis: Rubbish in front of a fort, to prevent the rubbish outside from molesting the rubbish inside)
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