In response to:

Buffett Boosts Own Morale with Hypocrisy

klundy Wrote: Nov 30, 2012 8:00 AM
You missed the point of the relationship of Warren Buffet and GEICO. In the early days of GEICO, you could only purchase their insurance if you were a Government employee or a military member with a rank of E-5 or higher. Thousands of military members had their coverage because it was easy to get it. They would cancel on you in a heartbeat and send letters to you unit Commander if you were late with your payment. I know because I had them when I was stationed at Homestead AFB,Fl in 1971-1972. So you see Buffet was a parasite on low income people early on. Another insurance company started the same way is USAA you had to be a military member ,Senior NCO E-7 thruE-9 or an officer to get coverage thru them. Just like Govt. Employees Ins.Co.

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