The Buffett Rule and the GOP’s War on Firefighters

    Back in the fall of 2011 when Warren of Buffett Rule fame first began angling for a positive Wikipedia entry by insisting he wasn’t paying enough taxes, Gene Sperling, the Director of the National Economic Council, wrote an article on the White House blog awkwardly titled “Buffett Rule Facts and Fictions.”  If Buffett himself was guilty of comparing apples and oranges as I wrote about in January, Mr. Sperling grabbed an | Read More »

    The Doctrine of “Fair” (No, Not the FCC One)

    Addressing his fellow Democrats at a retreat on Maryland’s Eastern Shore in January, President Obama fought back against the class warfare charge that has dogged him since the 2008 campaign: “This is one of the biggest things I’m going to be pushing back on this year, this notion that this is somehow class warfare, that we’re trying to stir up envy,” Obama said. “Nobody envies rich | Read More »

    The REAL Buffett Rule

    What a coincidence that I just read the following passage in the book ROLLBACK – Repealing Big Government Before the Coming Fiscal Collapse which is a great book written by Tom Woods Jr. It is great amo to show Warren Buffetts motives may be less pure than he presents them. — “Big business has also opposed tax cuts or supported tax increases, again contrary to | Read More »

    Five People You Meet In The Millionaire’s Club

    The latest salvo from the White House in their quest to “create jobs” and “reduce the deficit” (they aren’t proving particularly good at either one, hence the quotes), is this idea called the “Buffett Rule” or the “Millionaire’s Tax”.  The idea is simple:  All these people who make a million or more per year don’t need all that money, and won’t miss it if we | Read More »

    Warren Buffett’s sinister view on taxes

    I can rephrase Dr. Goldstein’s anecdote in just a few words: “Your money or your life.” I’ve never met Matthew Goldstein, but judging by his bio I don’t think it’s something I’d like to do. It reads like a stereotype of the elitist, leftist intelligentsia. A B.A. in English and History, an M.A. in World and Comparative Literature (whatever that means) and a Ph.D. in | Read More »

    Buffett Bails Out Bank of America with Billions

    Warren Buffett’s Berkshire Hathaway pumped billions of dollars into GE and Goldman Sachs to keep them afloat. At the same time, he advocated the passage of TARP in October 2008 to bail out banks and firms to the tune of hundreds of billions of dollars – a large portion of which is still outstanding today, despite press releases touting the payback of funds. Buffett appears | Read More »

    A Conspiracy Theory or: Buffett Miscalculates or: Am I now a Populist?

    I must admit that I do not share the same amount of deference and admiration for Warren Buffett as, well, everyone else on the planet. He seems to me to be a Solari, fabulously rich but relying on the Mozarts of the companies he invests in for his fortune. At other times he circles above dying prey, waiting to negotiate / extort a deal that no | Read More »

    Has Buffett Tipped Election to McCain?

    Warren Buffett, the richest man in America as of October 2008, suggested on October 17 that Americans put their money into the stock market. He sees an opportunity for people to invest when the market is low, and ride it up as it rebounds. Barack Obama might look askance at the inadvertent effect of this for John McCain. Because if the stock market spikes before | Read More »

    Follow the money

    Billionaire Warren Buffett, calling turmoil in the markets an “economic Pearl Harbor,” said his $5 billion investment in Goldman Sachs Group Inc. is an endorsement of the Treasury’s $700 billion bank rescue plan. “I am betting on the Congress doing the right thing for the American public and passing this bill,” Buffett said on cable channel CNBC today. “I certainly have a vote of confidence | Read More »

    Buffett is a big carpetbagger

    The surprise move by Mr Buffett Lloyd Blankfein, chief executive of Goldman Sachs, last night said he planned to raise up to $12.5 billion (£6.74 billion) of new funds by selling a stake to Warren Buffett and tapping other institutional shareholders. The surprise move by Mr Buffett, which was welcomed by some but was described as “worrying” by traders in Hong Kong and Tokyo, is | Read More »

    Tags: ,