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Title: Warren Buffett Endorses Obama
Source: Daily Kos
URL Source: http://www.dailykos.com/story/2008/5/19/13203/7275/327/518345
Published: May 19, 2008
Author: "Pragmaticus"
Post Date: 2008-05-19 14:20:49 by aristeides
Keywords: None
Views: 356
Comments: 16

Warren Buffett Endorses Obama

by Pragmaticus [Subscribe]
Mon May 19, 2008 at 10:22:55 AM PDT

Warren Buffett, the "Oracle of Omaha" (or "Sage of Omaha", take your pick), has endorsed Barack Obama for President.

Link.

As this story is breaking, I'll be updating this diary with more information.

In Frankfurt, Germany, today, billionaire Warren Buffett announced his support for Senator Barack Obama for President of the United States. He said that he offered support to both Senator Clinton and Senator Obama, but ause it appeared that Obama would win the Democratic nomination, he is endorsing Senator Obama.

"I will be very happy if he is elected President. He is my choice."

Although many of the super-rich choose to align themselves with Republicans, Buffett, head of Berkshire Hathaway, has been a supporter of Democrats. He was one of Sen. John Kerry's economic advisors during his 2004 presidential run.

Buffett thinks the dollar will continue to weaken:

Commenting on the US economy, the 77-year-old investor who is known as the "Sage of Omaha," stressed that fiscal, monetary and trade policies were of great importance.

"I think that the US has followed and is following policies which will cause the US dollar to weaken over a long period of time," he said.

After voicing support for Obama, Buffett nonetheless noted the US economy had managed to do "awfully well" despite a depression, two world wars and many financial crises.

"They say in the stock market ... buy stock in a business that's so good that an idiot can run it because sooner or later one will," he added.

"Well, the United States is a little like that. We can take a little mis-management from time to time," Buffett said.

(UPDATE) For those of you who don't know, and I doubt many people do, Warren Buffett has politics in his blood. His father, Howard Buffett, was a four-term Republican congressman from Nebraska, serving from 1943-1949 and 1951-1953. Howard Buffett, speaking presciently on the House floor, once said:

Even if it were desirable, America is not strong enough to police the world by military force. If that attempt is made, the blessings of liberty will be replaced by coercion and tyranny at home. Our Christian ideals cannot be exported to other lands by dollars and guns.

Someone should have looked that quote up 5 years ago. It still applies today.

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#1. To: All, Iconoclast, Arator (#0)

Even if it were desirable, America is not strong enough to police the world by military force. If that attempt is made, the blessings of liberty will be replaced by coercion and tyranny at home. Our Christian ideals cannot be exported to other lands by dollars and guns.

Wow, Howard Buffett sounds like a man after my own heart.

To reason, indeed, he was not in the habit of attending. His mode of arguing, if it is to be so called, was one not uncommon among dull and stubborn persons, who are accustomed to be surrounded by their inferiors. He asserted a proposition; and, as often as wiser people ventured respectfully to show that it was erroneous, he asserted it again, in exactly the same words, and conceived that, by doing so, he at once disposed of all objections. - Macaulay, "History of England," Vol. 1, Chapter 6, on James II.

aristeides  posted on  2008-05-19   14:21:35 ET  Reply   Trace   Private Reply  


#2. To: All, FOH (#0)

FOH, by the way, has informed the people at this forum that he has broken bread with Buffett.

He also seems to regard his economic advice as good enough to be passed on to the members of this forum.

To reason, indeed, he was not in the habit of attending. His mode of arguing, if it is to be so called, was one not uncommon among dull and stubborn persons, who are accustomed to be surrounded by their inferiors. He asserted a proposition; and, as often as wiser people ventured respectfully to show that it was erroneous, he asserted it again, in exactly the same words, and conceived that, by doing so, he at once disposed of all objections. - Macaulay, "History of England," Vol. 1, Chapter 6, on James II.

aristeides  posted on  2008-05-19   14:22:31 ET  Reply   Trace   Private Reply  


#3. To: aristeides (#0)

Even if it were desirable, America is not strong enough to police the world by military force. If that attempt is made, the blessings of liberty will be replaced by coercion and tyranny at home. Our Christian ideals cannot be exported to other lands by dollars and guns.

Great quote - thanks.

Lod  posted on  2008-05-19   14:31:18 ET  Reply   Trace   Private Reply  


#4. To: aristeides (#0)

Opportunist.

"HOLODOMOR" is Ukrainian word for "FAMINE-GENOCIDE"

angle  posted on  2008-05-19   14:33:34 ET  Reply   Trace   Private Reply  


#5. To: aristeides (#0)

has been a supporter of Democrats

really?

policestateusa.net/

PSUSA  posted on  2008-05-19   14:47:50 ET  (1 image) Reply   Trace   Private Reply  


#6. To: aristeides (#2)

FOH, by the way, has informed the people at this forum that he has broken bread with Buffett.

He also seems to regard his economic advice as good enough to be passed on to the members of this forum.

I've broken bread with all kinds of Globalist trash, including the wealthiest and the other end near where you reside.

The wealth of the wicked is being laid up for the righteous and I have no problem taking a World Socialist on either end for a financial ride...dum bass.

That WB endorsed Barrack Mohammed Hussein Obama is not surprising to me at all, but rather was anticipated.

Total enslavement and control through their McHillObamaCON sock puppets is the goal.

You tool.

I thought you had me on the filter there metrosexual Marxist boy ?


FOH  posted on  2008-05-19   15:02:12 ET  Reply   Trace   Private Reply  


#7. To: aristeides (#2)

FOH, by the way, has informed the people at this forum that he has broken bread with Buffett.

He also seems to regard his economic advice as good enough to be passed on to the members of this forum.

That line of argument makes no sense at all. Just because you might value a businessman's wisdom in finance doesn't mean that you have to agree with, or value, his political views.

Rupert_Pupkin  posted on  2008-05-19   15:18:31 ET  Reply   Trace   Private Reply  


#8. To: Rupert_Pupkin (#7)

Well, if I considered somebody a dangerous Commie, I might not be willing to break bread with him.

To reason, indeed, he was not in the habit of attending. His mode of arguing, if it is to be so called, was one not uncommon among dull and stubborn persons, who are accustomed to be surrounded by their inferiors. He asserted a proposition; and, as often as wiser people ventured respectfully to show that it was erroneous, he asserted it again, in exactly the same words, and conceived that, by doing so, he at once disposed of all objections. - Macaulay, "History of England," Vol. 1, Chapter 6, on James II.

aristeides  posted on  2008-05-19   15:20:28 ET  Reply   Trace   Private Reply  


#9. To: aristeides (#1)

Wow, Howard Buffett sounds like a man after my own heart.

No big surprise ... Mr. Buffett has an above room temperature IQ. ;-)

Success is relative. It is what we can make of the mess we have made of things. T. S. Eliot

iconoclast  posted on  2008-05-20   18:01:49 ET  Reply   Trace   Private Reply  


#10. To: aristeides (#2)

FOH, by the way, has informed the people at this forum that he has broken bread with Buffett.

Having had some experience with the grace of Mr. FOH, I venture to say if the opportunity comes about again that he will insist on ordering and prescribe chitlins for Mr. Buffett. ;-)

Success is relative. It is what we can make of the mess we have made of things. T. S. Eliot

iconoclast  posted on  2008-05-20   18:12:09 ET  Reply   Trace   Private Reply  


#11. To: FOH, aristeides (#6)

I've broken bread with all kinds of Globalist trash, including the wealthiest and the other end near where you reside.

ari's too much of a gentleman to reply to such rudeness, but being of the Irish tribe and no where near lace curtain type, I have no hesitancy in calling you out as the presumptive, classless, pompous, name-dropping, boor that you are.

Success is relative. It is what we can make of the mess we have made of things. T. S. Eliot

iconoclast  posted on  2008-05-20   18:26:27 ET  Reply   Trace   Private Reply  


#12. To: iconoclast, FOH (#11)

I happen to be Irish myself, but I've had FOH on Bozo for weeks, and so had no chance to see his posting, so that I could reply to it.

FOH knows I have him on Bozo. That he sees fit to insult me when he knows I cannot respond shows on which end of the spectrum of civilization he resides.

To reason, indeed, he was not in the habit of attending. His mode of arguing, if it is to be so called, was one not uncommon among dull and stubborn persons, who are accustomed to be surrounded by their inferiors. He asserted a proposition; and, as often as wiser people ventured respectfully to show that it was erroneous, he asserted it again, in exactly the same words, and conceived that, by doing so, he at once disposed of all objections. - Macaulay, "History of England," Vol. 1, Chapter 6, on James II.

aristeides  posted on  2008-05-20   18:59:38 ET  Reply   Trace   Private Reply  


#13. To: aristeides, FOH, christine (#12)

FOH knows I have him on Bozo.

I had him on there for quite a while, but took him off so I could have a ringside seat as he almost singlehandedly destroys a once worthwhile forum.

Success is relative. It is what we can make of the mess we have made of things. T. S. Eliot

iconoclast  posted on  2008-05-20   20:48:39 ET  Reply   Trace   Private Reply  


#14. To: iconoclast (#13)

I had him on there for quite a while, but took him off so I could have a ringside seat as he almost singlehandedly destroys a once worthwhile forum.

Bull$#it! It is the supporters of the communists running for president who are doing the destroying if anyone is.

Liberty is not a means to a higher political end. It is itself the highest political end.
Lord Acton

James Deffenbach  posted on  2008-05-20   20:53:25 ET  Reply   Trace   Private Reply  


#15. To: aristeides (#0)

"I will be very happy if he is elected President. He is my choice."

This guy made his fortune entirely through investing. There is nothing wrong with that but that hardly makes him qualified to know who the better candidate would be. The producers, instead of the money changers, are the ones who make a nation great. Warren Buffet's opinion is highly overrated in just about everything.

God is always good!

RickyJ  posted on  2008-05-20   21:15:02 ET  Reply   Trace   Private Reply  


#16. To: RickyJ, FOH (#15)

Warren Buffet's opinion is highly overrated in just about everything.

I think you and FOH should have a discussion on that. It is my impression that he does not agree with you.

To reason, indeed, he was not in the habit of attending. His mode of arguing, if it is to be so called, was one not uncommon among dull and stubborn persons, who are accustomed to be surrounded by their inferiors. He asserted a proposition; and, as often as wiser people ventured respectfully to show that it was erroneous, he asserted it again, in exactly the same words, and conceived that, by doing so, he at once disposed of all objections. - Macaulay, "History of England," Vol. 1, Chapter 6, on James II.

aristeides  posted on  2008-05-21   10:05:58 ET  Reply   Trace   Private Reply  


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