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Billionaire investor Warren Buffet discussed the economy on CNBC's Squawk Box this morning, pointing out the obvious—how its has "fallen off a cliff"—while also trying to remain upbeat, saying the economy will be better in five years, though he'd "like to get there a lot faster than five years." Of course, Buffett's "off a cliff" remarks apparently offset a rally this morning!
Buffett also thinks that the GOP should back President Obama's efforts to help the economy and tried to put it in an war-framework, "They really do have an obligation to support things that are clearly designed to fight the war in a big way...I think that the Republicans have an obligation to recognize this as an economic war and realize you need one leader." However, Buffett also acknowledged, “You can’t expect people to unite behind you if you’re trying to jam a bunch of things down their throat." Last year, Buffett likened the economic crisis to Pearl Harbor—and that was only in September!
Dealbreaker has video and a transcript; CNBC also has highlights, including Buffett saying that derivatives aren't "evil" though they are dangerous.
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Warren Buffet laughs
Warren Buffet laughs
because he has bought America cheap
He is a man who embraces his masks
Never showing us what is there
Your health co-pay goes up and Warren laughs
Your car insurance increases and Warren laughs
Movie ticket prices go up and Warren laughs
Airline fares increase and Warren laughs
Insidiousness comes in short/stout/off white
in this men's dept. always with a broad fake smile
Like your minister smiling
as he tells hermeneutic lies
Like your stockbroker smiling into the phone
as he touts another loser
Like your banker smiling gently
as he denies you a loan
Like your teacher smiling in pity
as you fail another test
Like the police smiling before the judge
as you await your fate
Warren Buffet laughs
He is a man who hides behind masks
because he has bought and sold losers
Dairy Queen, US Air, Disney, ABC,
Salomon, MickeyD's, GEICO and all the insurance companies
that with every 'loss' raise their premiums
Only to dump the cost always on us
Go ahead claim your hurricane loss in ‘Katrina’
He’ll probably tell you you’re not covered for flood damage
Ha…Ha…Ha…What about bond-fixing at Salomon or fraud at A.I.G.? Or those ‘Katrina’ victims left unpaid?
So what if hundreds of millions are squandered
Betting against the U.S. currency
Warren does what’s best for Warren
Yeah 9/11 was tragic the loss of life and all
allowing insurers and airlines and everyone to raise prices
to increase profit isn't that what it's all about?
And now ‘Warren’ tells us accept his ‘metrics’
And ‘It is time to buy!’ Great now that Warren and his ilk
Are the only ones who have any money
And everyone tells Mr. Warren Buffet how brilliant he is
And Warren continues to laugh at us.
That was lovely........thank you.....thank you :')
thank you. Ise trys.
You ever hear Warren laugh? I saw him on Charlie Rose and he's got this adorable little care bear laugh. Billionaire Bear.
Two exclamation points in the same post?
Give me a break. Warren Buffet doesn't laugh at this economic crisis. He's not evil. He's not Dick Cheney. The guy supports tax policies that favor middle and lower income Americans. He's not evil just because he's rich.
brk took a crap with everything else.
Wow, ZAG is learning to plagiarize now...
to SD - Youse a doofus mon!!! Dis is mys owns - did you think(oxymoron)dat da lil BLACK BOY 'the OBAMA' DID DIS BESIDES FOOKN THE CUNTRY??? Ha.
Any Rich men who doesn't give back
at least 40% to communities , or poor communities
are EVIL.
The only good man so far was the banker who
gave up his millions to his almost 400 employees.
The 'poor' have been with us since the time of that other MESSIAH the old Jew from Bethlehem - the CHRIST. EVIL is a law limiting charitable contributions and allowing only the GOVERNMENT to decide who gets donations!!! Oh sorry youse believes in the new meshiach ---'the OBAMA'. Ha.
Warren Buffet is an associate of Sir Evelyn de Rothschild himself, 'nuff said.
WOW. I didn't realize Gothamist had so many ignorant readers. Buffet is a self-made wealthy man who not only donates a shit load of $ but he also says rich people should be taxed more. If you make more than $250 thousand you're set and can live however you want.
Is it fair that someone who makes 50K is taxed 20% while someone who makes 5x as much is only taxed 34%??? NO. Raise the tax on the rich they can handle it.
His beef is the capital gains tax rate of 15%, which most of his earnings fall under.
He supports raising it to regular 'income' tax levels.
http://zyskandarjaimot.com/
Congrats on making the shittiest Website of all time. The only place your worthless excuse for poetry has ever been published is on the comments section of a worthless blog.
Go back to doing what you do best in Florida- giving Rush Limbaugh Blowjobs.
The one thing you have in common with Rush Limbaugh is that you both should have been Aborted
ti jterry121+other FDEMBHOLE DOUCHESBAGS - Sorry should i give back all the awards/honours/monies ise won both in AMERIKA and EUROPE/SAMERICA??? Ha. JEALOUSY/ENVY is what you stoopid WANKERS/GITS exhibit so well like your master the new meshiach 'the OBAMA'. Tell us how it is to give b;owjobs will ya - youse seems more like a catcher though - so bend-over and grab youse ankles so REPREHENSIBLE BARNEY'play-with-my-schmeckie-get-a-loan'FRANK can jam youse up that hershey-highway!!! Ha. STOOPID CRETIN WITH NO TALENT.
Dad?
yo chopp3r - Only if youse not some DEMBHOLE CRETINOUS SCUM!!! Have all daughters also who know better than to associate with NO-TALENT WANKERS/SHITHEADS from this site.
Warren Buffett is notoriously cheap and everything he says or does is drenched in Old Spice after shave. Do we love the bastard? Yes. Do we really understand why? No.
TO NinnyState - In point of fast - BUFFETT should have been indicted/convicted for his many frauds!!![ie the bond market scam at SALOMON BROTHERS, the AIG SCAM, the SCAM with INSIRERS for KATRINA for delayed-nonpayment, his refusal to pay-off on the WTC insurance for the towers!!!] NOT EVERYONE 'LUVS' THIS FOOKN SHITHEAD - FIGURES YOU AND YOUR ILK WOULD.