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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: 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


41 posted on 02/22/2010 1:47:01 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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To: DonaldC
You pay 45%?

I would have asked that question differently. You're only paying 45%? Many of us are paying even more. For 2010, I'm looking at Fed 28%, State 7.8%, FICA 7.65%, Medicare 1.45%. That's 44.9% before getting nicked for sales tax, property tax, fuel tax, vehicle registration, etc.

When the Bush tax cuts expire, add 3% to that number for 2011.

42 posted on 02/22/2010 1:47:11 PM PST by Myrddin
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To: tiki

Get ready for the eartho.


43 posted on 02/22/2010 1:49:56 PM PST by firebrand
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To: screaminsunshine
They are realizing billionairs are not allowed in a Communist State. I wonder when the Trial Lawyers will figure out they are not needed in Communism.

They supported Obama because is a fascist . They are pure business , and just like a shark is a pure predator they are both natural and vital . The weak kneed repugnican traitors we have elected , supposedly to provide balance and sanity , are the problem . Maybe they were all misled like McCain .

44 posted on 02/22/2010 1:50:44 PM PST by kbennkc (For those who have fought for it , freedom has a flavor the protected will never know F Trp 8th Cav)
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To: Bernard Marx

This is nothing but nonsense. The CRA ain’t the reason why we have problems. PLEASE do me a favor. Go to a website called nakedcapitalism.com and read up on the meltdown from people who work on Wall Street. The ones who actually have a conscience. You won’t find them repeating the Republican Bed Time Story about the poor widdle bankers who got in the Evil Witch’s Candy House and were forced to make bad loans.

And if I sound intense, well its because I am. This excuse is not just off—it’s like 180 degrees off. It’s like inter-dimensional off. The looters NEEDED bad loans. So they could sell them and then bet against them.

parsy, who can’t believe the GOP still don’t get it


45 posted on 02/22/2010 1:50:51 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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To: kbennkc

Time for a clean sweep in November if it lasts that long.


46 posted on 02/22/2010 1:52:01 PM PST by screaminsunshine
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To: pgkdan

I agree... the smell of the left is strong with his post.

LLS


47 posted on 02/22/2010 1:52:28 PM PST by LibLieSlayer (hussama will never be my president... NEVER!)
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To: cycle of discernment

And all of these parable points are addressed in the most inspired and brilliant legislation of H.R. 25, a work that is worthy of of praise from America’s own Founders and Framers.

http://www.fairtax.org


48 posted on 02/22/2010 1:52:29 PM PST by Hostage
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To: cycle of discernment

These asshole know what the economy is going to do well before it happens. Why you ask? Because they (and the rest of the globalist financial oligarchy) are the root cause.

http://www.irishcentral.com/news/Secret-meeting-of-worlds-richest-people-held-in-New-York-45304702.html

Yes, even that fat bitch Opra is in on it.


49 posted on 02/22/2010 1:52:47 PM PST by wolfcreek (http://www.youtube.com/watch?v=Lsd7DGqVSIc)
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To: Irishgirl
Thanks for the info. I knew about Buffet and assumed, obviously incorrectly, that the whole company just went along with his lead.
50 posted on 02/22/2010 1:53:18 PM PST by GonzoGOP (There are millions of paranoid people in the world and they are all out to get me.)
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To: dr_who
The Republicans aren't drifting. They have been a rock solid wall of opposition to obama's efforts to socialize our economy. The House should be commended at every turn by conservatives here. They stood unanimous in their opposition to Cap and Trade, Healthcare and Stimulus. That kind of unanimity doesn't just happen all by itself. That's the mark of strong leadership. Just because we don't get to see them on the news every day pressing back against obama doesn't mean they're not doing anything.

The GOP let spending get out of hand and payed for it back in 2006. This is 2010 and they've learned their lesson. I keep reading where they have no spine and are just a bunch of RINO's but I don't see any evidence to support this. In fact I'm proud of what the GOP has done in the face of the Rat's near tyranny!

51 posted on 02/22/2010 1:54:54 PM PST by pgkdan (I miss Ronald Reagan!)
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To: LibLieSlayer

Yes...I’m getting more than a little tired of all the GOP bashing going on around here. I’m smelling rat plants all over the place.


52 posted on 02/22/2010 1:59:14 PM PST by pgkdan (I miss Ronald Reagan!)
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To: cycle of discernment
I've been hearing this argument more and more from succesful people in the financial services industry. What they never mention is that over the last couple of generations, the amount of effort/money burnt in non-productive endeavors of all kinds has gone through the roof. It's not just the finance industry: let us count the ways in which our affluent society has trodden water economically:
53 posted on 02/22/2010 2:02:00 PM PST by Riflema
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To: pgkdan

I suppose that the best response to Obama’s latest health care attack is to dismiss it point blank and talk about jobs, particularly the “jobs” angle of cap and tax, healthcare, and stimulus. Do what Obama isn’t doing while Obama leads his party off a cliff. But folks here would not be worried about RINOs if they didn’t pose a danger to the GOP and the country.


54 posted on 02/22/2010 2:06:09 PM PST by dr_who
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To: cycle of discernment

Buffon Buffet endorsed obama.


55 posted on 02/22/2010 2:07:35 PM PST by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: dr_who

I don’t have any beef with keeping an eye out for RINO’s...it’s when people start calling all Republicans RINOs and start saying that there’s no difference between the rats and the GOP that I get my hackles up.


56 posted on 02/22/2010 2:11:41 PM PST by pgkdan (I miss Ronald Reagan!)
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To: WKUHilltopper

“...After a few weeks of not eating, you’ll be glad to be a slave for soup floating with rat droppings...”

As someone once said: “At any given time civilization is only nine meals away from anarchy.”


57 posted on 02/22/2010 2:14:43 PM PST by Towed_Jumper (Stephen Hopkins: Founding Father who had Cerebral Palsy.."My hand trembles, my heart does not.")
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To: SirJohnBarleycorn

“the government takes away $45.”

Seems like quite a bit of the 45 went to GS and other types of Banks.


58 posted on 02/22/2010 2:18:28 PM PST by A Strict Constructionist (How long before we are forced to refresh the Tree of Liberty? Sic semper tryannis)
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To: cycle of discernment
... and poor planning.

I only made it that far.

59 posted on 02/22/2010 2:19:20 PM PST by denydenydeny ("Leftists are like vampires; shine a light on what they are doing and they retreat."-Andrew Klavan)
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To: pgkdan
The Republicans aren't drifting. They have been a rock solid wall of opposition to obama's efforts to socialize our economy.

Well then I hope they can go on being the opposition even when they're not the opposition any more!
60 posted on 02/22/2010 2:22:04 PM PST by dr_who
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