Tuesday, May 20, 2008

Warren Buffett endorses Obama

Warren Buffett endorses Obama

Warren Buffett, the world's richest man, is backing Barack Obama in the White House race, as he tells CNN's Becky Anderson.


Posted by Darryl

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3 comments:

Anonymous said...

Last year he was fund raising for Hillary, and during the last election he endorsed John Kerry. Yup, he sure can pick 'em.

May 20, 2008
sbvor said...

Notorious activist for the Democratic Party (and, therefore, media darling), Warren Buffet, continues to pimp for an imaginary recession.

Imaginary? Yep! Even Buffett admits that his imaginary recession is:

“not [a recession] in the sense as defined by economists”

Rather, the #1 Democratic cheer leader for the imaginary recession declared it’s all about how people are “feeling”. Well, DUH! The freaking media have been ramming this doom and gloom FICTION down their throats for at least the last six months! It’s no wonder the naïve little lemmings are now “feeling” like they’re in a recession (when even Buffett himself admits they’re NOT).

The “report” goes on to note:

“Omaha-based Berkshire has about $35 billion in cash and is looking to invest.”

Is Buffett looking to drive the markets down in search of the value plays he is known for? I would not presume to know.

Remember, even The San Francisco Chronicle has already debunked Buffett once.

Also recall, Buffett freely admits that he:

“never made any money out of economic forecasting”

Meantime, the professionals whose income depends upon accurate economic forecasts, continue to forecast economic growth in every quarter of 2008.

It is increasingly unlikely that we are currently in a recession or that we will be at any point in 2008:
================================
The Recession of 2008 That Wasn’t?
================================

May 27, 2008
Anonymous said...

Hey, how's that "unlikely to have a recession" call of yours going?

Skip recession move directly to depression.

October 12, 2008

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