Theodore's World: Warren Buffett Obama Supporter Says" “the nation should concentrate on creating jobs.”

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June 25, 2009

Warren Buffett Obama Supporter Says" “the nation should concentrate on creating jobs.”


Obama supporter and economic advisor Warren Buffett blasted Speaker Pelosi’s national energy tax, calling it a “huge tax” and “fairly regressive” that will harm “an awful lot of people.”

Instead, as noted by CNBC, Buffett said that “the nation should concentrate on creating jobs.”

Rush take:

"Buffett a big Obama supporter says there's been little progress over the past few months in the economic war being fought by the country. "We haven't got the economy moving yet," Buffett said. And of course he's right, except Goldman Sachs is out there saying they had a record first half of 2009, or they're going to pay record bonuses or some such thing and Citibank's giving people raises of 50% while the unemployment rate skyrockets at 10%. "While the economy is a shambles and likely to stay that way for some time, Buffett remains optimistic, there will eventually be a recovery over a period of years but --" of course there will be. It's just cyclical. But what kind of recovery is it going to be? Buffett says the nation should concentrate on creating jobs. "

"The nation should concentrate on creating jobs. That's what the private sector always does. But when you deplete the private sector of operating capital, be it with this monstrosity of health care reform, or cap and trade, or any of the other Obama initiatives, running the automobile companies -- what the hell, where is the money to hire people? The government's got it all. And then the government's dictating how it's going to be used, the government's dictating which automobile dealerships going to be shut down. The focus ought to be creating jobs? If you want to create jobs get Obama out of the private sector. It's just that simple. Get him the hell out of the private sector. Get President Obama out of it, scrub this health care business, it's a debacle, it is unnecessary, it's unneeded. Eighty some odd percent of the American people are satisfied with theirs. This whole thing is a ruse. There's no need for it. Every claim that's being made about how it's not going to cost any money is absurd."
I think that Obama looks at profits as evil. He obviously doesn't understand that business cannot function without profits. You know, he's like a lot of other dictators. He's got the private sector, and he thinks it's always going to be there to be raped. It's always going to be there to be pillaged and plundered.

The private sector is always going to be something he can go grab and control and tax and take money out of and grow the government. He doesn't have any concept (or maybe he does) that he's going to kill it all by doing all this. So he can sit there and say, "We're not going to get rid of the private sector," but the public sector, the government will not have to make a profit to stay in business, and the other guys will. Now, if you have to compete with somebody who doesn't have to make a profit, guess where you're going to end up? You're going to lose!

So Obama looks at the private sector as just a never-ending windfall. He looks at profits like surplus value, the same way Marx did. A profit is almost a crime.


Wild Thing's comment.......

I am so glad Rush said that. The fact is jobs are created from we the people with the American dream. And like Rush said, Obama needs to get out of the private sector.

Buffett can go jump off a cliff for all I care. He supported this dangerous evil person Obama. He is also a member of Obama's economic advisory group.


....Thank you Mark for sending this to me.

3rd Mar.Div. 1st Battalion 9th Marine Regiment
1/9 Marines aka The Walking Dead
VN 66-67

Posted by Wild Thing at June 25, 2009 04:50 AM


obama is a Marxist. He wants to control the private sector. Right now his glorious plans are being put into place by a willing Congress. In another few months America will no longer be a society of freedoms but a society of government regulations.

Posted by: TomR at June 25, 2009 10:51 AM

Obama and company are in so far over their heads they can't even see the sides of the pool. He can't see it or he won't see it. I don't believe for one minute that he has the best interest of the country in mind.

Problem is, not enough people seem to think there is a problem.

Posted by: Mark at June 25, 2009 02:13 PM

Tom, I agree, these two huge things they
will be voting on will make or break us as
a country and as a people. I never prayed
so hard for our country in my life.

Posted by: Wild Thing at June 26, 2009 01:38 AM

Mark, good way to put it.

I truly think he sees what will happen
and his hate for our country is so
strong he does not care. He has been
thinking of this agenda even back when
he wrote his books. Just a gut feeling
about him. There is a coldness about
him that is enormous.

Posted by: Wild Thing at June 26, 2009 01:41 AM