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Buffett Boosts Own Morale with Hypocrisy

Hamilcar Barca Wrote: Nov 30, 2012 12:32 PM
I think everyone would be better served if the government stuck to the enumerated powers of the Constitution. Then they would not need anywhere near as much money to fund the government.

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