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Buffett Boosts Own Morale with Hypocrisy

brs Wrote: Nov 30, 2012 11:01 AM
Anyonesee the new GEICO commercial wher ethe gecko proudly proclaims it stands fro Government Employee Insurance. Fiction has become fact so does that make Buffett a looter, a moocher, or a little of both? We've had a long line of corporations kissing the ring of fascism this week.

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