Posted on 02/27/2012 6:44:34 AM PST by blam
Warren Buffett's Greatest Fear: An Inevitable Nuclear, Chemical Or Biological Attack On The US
Simone Foxman
Febuary 27, 2012
In an hours-long interview with CNBC this morning, Warren Buffett admitted that his biggest fear for the U.S. economy is not growth, public debt, Europe, or any of the many threats that generally top economists' worry lists.
It's actually a nuclear, biological, or chemical attack. Even so, an American baby is probably the luckiest person in the world today.
From the interview:
CNBC's Becky Quick: Overall you are very optimistic about the future not only of this country but of the stock market. But if you have a list of worries, what's at the top of that list?
Warren Buffett: My biggest worry is nuclear, chemical, and biological attack of some sort, whether by a government or by a rogue. That will happen some day in our future and that will be a large tragedy to an unbelievable tragedy.
Quick: Right now it's not on the forefront of Americans' minds although a lot of things that are happening in the Middle East right now are creeping back up there.
Buffett: It'll happen sometime when it isn't on our minds just like it happened on 9-11. There are people that wish us ill and they wish us a lot of ill if they can pull it off. So nuclear, chemical, and biological knowledge is spent. There are plenty of people that wish us ill, so that is the biggest worry. But in terms of the economy and all that, the luckiest person in the history of the world is the baby being born today in the United States. I mean, in terms of the outlook for their lives they are going to live better than John D. Rockefeller
(snip)
(Excerpt) Read more at businessinsider.com ...
We elect a POTUS using an electoral, not popular, system.
NY state is a lost cause no matter what.
100% of the state could vote for Baraq and it would make no difference in the election outcome.
The path to victory lies in Indiana, Ohio, Pennsylvania, and Florida. New York, Illinois, and California are lost causes. That's why $$ won't be a big factor this time, the campaign can be concentrated in a few states.
If only those mean old rich people would fork over more in taxes, Buffett wouldn’t have to be such a worry-wart.
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