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Buffett Boosts Own Morale with Hypocrisy

absinthe48 Wrote: Nov 30, 2012 9:05 AM
Having made his pile, Buffett wants to use the tax code to eliminate his competition. No more up-and-coming entrepreneurs nipping at his heels if he can use the IRS to slam them to ground. Whenever Buffett dons his clerical garb and begins to read from the Gospel of Omaha, I am reminded of Tammie Faye Bakker crying her crocodile tears.
Mack30 Wrote: Nov 30, 2012 11:09 AM
Yep, Buffet makes it safely to the high ground and then wants to pull up the ladder. Gee thanks Warren.

The government revised upward its initial reading of third quarter GDP from 2 percent to 2.7 percent in a move that was widely expected by economists.

And everyone said “yawn.”

That’s because the GDP growth was more government puffery. The increase was borrowed or freshly minted money. The government merely accelerated spending, filing one hole, while digging another- deeper- hole, in Obama’s latest 60-year-same-as-cash financing offer.  

At least that’s what the markets have felt apparently- reacting with shrug to another wave of “good” news coming out of the government about how great things are for the folks back...

Related Tags: Hypocrisy