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forest444

(5,902 posts)
Wed Dec 16, 2015, 02:55 PM Dec 2015

Warren Buffett to give stamp of approval to Hillary Clinton.

Source: Las Vegas Sun

When billionaire investor Warren Buffett joins a rally Wednesday with Hillary Clinton in Omaha, Nebraska, a question humming in the background will be whether Buffett, one of the world's premier investors, will throw more of his fortune behind her candidacy than he's been comfortable spending in politics in the past. In either case, his public appearance with Clinton is aimed at offering his stamp of approval to the Democrat's economic message of inclusive capitalism and toughness against Wall Street excess. He will also join Clinton at a private fundraiser.

With Buffett by her side, Clinton planned to offer her support for the so-called "Buffett rule" pushed by the Obama administration, which has sought higher taxes on the wealthy, but would say the next administration must go even further to ensure the wealthiest Americans pay their fair share, said a Clinton aide who spoke on condition of anonymity to preview her remarks. The aide said Clinton would announce more steps next year to build upon the Buffett rule and ensure the effective tax rate paid by millionaires reflects a fair tax system.

Democrats say Buffett carries a rare dual appeal on Wall Street and Main Street. The investment guru's annual shareholder meeting is dubbed "Woodstock for Capitalists" and drew an overflow crowd of more than 40,000 people from around the globe in the spring.

The "Oracle of Omaha" has referred to Clinton as a "hero of mine" and predicted last year that she would succeed President Barack Obama, whom he also supported. "I will bet money on it," he said. "And I don't do that easily."

Read more: http://lasvegassun.com/news/2015/dec/16/famed-investor-warren-buffett-to-give-stamp-of-app/

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Warren Buffett to give stamp of approval to Hillary Clinton. (Original Post) forest444 Dec 2015 OP
Considering the issues we are seeing in the Democratic Party Contest Trajan Dec 2015 #1
It certainly follows from what we know about her and her money people. Elmer S. E. Dump Dec 2015 #3
This isn't LBN. Bubzer Dec 2015 #2
This info is that old, really? So the purpose of posting it now would solely be to randys1 Dec 2015 #4
It's dated today - and I never saw the other ones. Elmer S. E. Dump Dec 2015 #5
He throws some praise Bernie's way, but he's very in-the-tank for Hillary. Bubzer Dec 2015 #15
Then he's no better than the other billionaires Elmer S. E. Dump Dec 2015 #19
You'll get no argument from me on that point. Bubzer Dec 2015 #21
Wha'? Buffet announced that he'd appear with Clinton today way back in September? Damn, that's... George II Dec 2015 #8
This is intersesting.... Elmer S. E. Dump Dec 2015 #6
I think they mispoke VanillaRhapsody Dec 2015 #7
Thank you, Mr. Buffett. Beacool Dec 2015 #9
Of course - another 1%-er. 840high Dec 2015 #11
Who employs thousands of people through his various companies. Beacool Dec 2015 #12
So does Wal-Mart. 840high Dec 2015 #18
Right, what a nonsensical answer. Elmer S. E. Dump Dec 2015 #20
The "Job Creator" meme is back. arcane1 Dec 2015 #28
Yes, they do. Beacool Dec 2015 #34
Uh huh. uberblonde Dec 2015 #22
Another Entrenched Establishment endorsement... SoapBox Dec 2015 #10
My favorite billionaire bluestateguy Dec 2015 #13
Let's remind some folks................................. turbinetree Dec 2015 #14
ty 840high Dec 2015 #17
Thansk......................... turbinetree Dec 2015 #26
Yup, Chapter 3… he just bought 1/2billion in Suncor Tar Sands…WTF? Hillary? ClimateChange matters? Agony Dec 2015 #24
AGREE...................................... turbinetree Dec 2015 #25
links Agony Dec 2015 #29
N problem............................... turbinetree Dec 2015 #30
That was one of the best reads of the decade for me. Every other page is dog-eared n/t arcane1 Dec 2015 #27
... Agony Dec 2015 #32
I have not! Thanks for the recommendations!! arcane1 Dec 2015 #35
All Right! Agony Dec 2015 #37
I'm actually having a cheap Cabernet but DU doesn't have a wine smiley :) arcane1 Dec 2015 #38
Of course one member of the 1% is backing another member of the 1% RoccoR5955 Dec 2015 #16
Best friends stick together. 840high Dec 2015 #23
Buffett gives stamp of approval to Climate Change..."Warren Buffett keeps the faith in oil sands" Agony Dec 2015 #31
Eleanor Roosevelt should be on that stamp. AngryAmish Dec 2015 #33
Trickle Down has been very, very good to Warren. Octafish Dec 2015 #36
Well said, as always. forest444 Dec 2015 #39
Bernie who? Octafish Dec 2015 #40
It figures that the Dixiecrat that crashed the U.S. economy also work for that money laundry, UBS. forest444 Dec 2015 #41
Dean Henderson names more names that I can. Octafish Dec 2015 #42
 

Trajan

(19,089 posts)
1. Considering the issues we are seeing in the Democratic Party Contest
Wed Dec 16, 2015, 03:02 PM
Dec 2015

Being praised by a one percenter is hardly a feather in her cap ...

 

Elmer S. E. Dump

(5,751 posts)
3. It certainly follows from what we know about her and her money people.
Wed Dec 16, 2015, 03:08 PM
Dec 2015

I certainly am not impressed.

randys1

(16,286 posts)
4. This info is that old, really? So the purpose of posting it now would solely be to
Wed Dec 16, 2015, 03:11 PM
Dec 2015

uh, what do I often call it?

Give me a

B

Give me an

A

Give me an

S

Give me an

H

What does that spell?

Bubzer

(4,211 posts)
21. You'll get no argument from me on that point.
Wed Dec 16, 2015, 05:15 PM
Dec 2015

Though I do have to give him credit for coming up with the Buffet rule.

George II

(67,782 posts)
8. Wha'? Buffet announced that he'd appear with Clinton today way back in September? Damn, that's...
Wed Dec 16, 2015, 03:44 PM
Dec 2015

.....a really tight calendar he keeps.

 

Elmer S. E. Dump

(5,751 posts)
6. This is intersesting....
Wed Dec 16, 2015, 03:13 PM
Dec 2015
Clinton has said she will not raise taxes on married couples making more than $250,000 a year...


So as long as you are married, you don't pay anymore taxes even if you make a billion a year? That's how I read it.
 

arcane1

(38,613 posts)
28. The "Job Creator" meme is back.
Wed Dec 16, 2015, 09:02 PM
Dec 2015

Unless he's paying those people out of his own pocket, those companies are irrelevant to this topic.

turbinetree

(24,683 posts)
14. Let's remind some folks.................................
Wed Dec 16, 2015, 04:24 PM
Dec 2015

about Buffett, and my source is :

David Cay Johnston in his book "The Fine Print" How Big Companies Use "Plain English" To Rob You Blind-------------------- and what he says about Buffett is not a very pretty picture, and Johnston is pretty well respected with his research

I suggest people read the book(s) and then ask if this endorsement is really that good, in my humble peon opinion, I don't think so, Buffett has said some things that make common sense--------------- but.......................... he is out to make money for the firm and his stockholders and that is the bottom line

http://www.truthdig.com/report/item/truthdigger_of_the_week_david_cay_johnston_20140907

http://www.democracynow.org/2015/1/21/david_cay_johnston_class_war_is

http://www.powells.com/book/free-lunch-how-the-wealthiest-americans-enrich-themselves-at-government-expense-stick-you-with-the-bill-9781591842484



Honk-------------------------for a political revolution It is about getting a progressive U.S. Supreme Court and a Congress

Bernie 2016


turbinetree

(24,683 posts)
26. Thansk.........................
Wed Dec 16, 2015, 08:54 PM
Dec 2015

I think Johnson is a pretty reliable source.......................





Honk-----------------------for a political revolution it is about getting a progressive U.S. Supreme Court and Congress

Bernie 2016

Agony

(2,605 posts)
24. Yup, Chapter 3… he just bought 1/2billion in Suncor Tar Sands…WTF? Hillary? ClimateChange matters?
Wed Dec 16, 2015, 08:22 PM
Dec 2015

Warren Buffet is not some Progressive hero, he is an ordinary pseudo-capitalist of the creepy crafty sort.

turbinetree

(24,683 posts)
25. AGREE......................................
Wed Dec 16, 2015, 08:52 PM
Dec 2015

and he keeps getting put on this pedestal, that he's is progressive ............he is not -----------------I mean really----------------he is not--------------------------good find ------------------thanks


K&R






Honk-------------------for a political revolution its about getting a progressive U.S. Supreme Court and a progressive Congress

Bernie 2016


turbinetree

(24,683 posts)
30. N problem...............................
Wed Dec 16, 2015, 09:07 PM
Dec 2015

thanks




Honk------------for a politcal revolution Bernie 2016

Agony

(2,605 posts)
32. ...
Wed Dec 16, 2015, 09:31 PM
Dec 2015

if you liked that you should read Nomi Prins "It takes a Pillage"

(I'm assuming of course that you have read DCJ's Perfectly Legal, FreeLunch and Divided)

Cheers

Agony

(2,605 posts)
31. Buffett gives stamp of approval to Climate Change..."Warren Buffett keeps the faith in oil sands"
Wed Dec 16, 2015, 09:22 PM
Dec 2015

hopefully Hillary will use her influence and tell him to "Cut it out!"

http://business.financialpost.com/news/energy/warren-buffett-keeps-the-faith-in-oilsands-as-berkshire-hathaway-inc-raises-stake-in-suncor-energy-inc?__lsa=11e7-488c

Warren Buffett is an expert at playing Progressives, he is not someone to emulate or respect. He is interested in one thing, garnering more wealth and he is good at using anti-competitive practices to that end, Bernie falls for this as well even tho there are better examples of people of stature that advocate for economic justice.

JFC

Octafish

(55,745 posts)
36. Trickle Down has been very, very good to Warren.
Wed Dec 16, 2015, 11:07 PM
Dec 2015

Ask Buffet or the Waltons, it's not by coincidence that the rich keep getting richer.

forest444

(5,902 posts)
39. Well said, as always.
Thu Dec 17, 2015, 09:18 AM
Dec 2015

Perhaps I should have let someone else post news of Warren Buffett's endorsement; the post may have given the impression that I endorse it too, which I don't. Still, I'm glad Buffett's backing a Democrat; as much as Hillary Clinton leaves to be desired, the GOP alternative is simply unthinkable.

Hopefully, Bernie can leave them both in the dust. It can be so hard to overcome media noise though.

Octafish

(55,745 posts)
40. Bernie who?
Thu Dec 17, 2015, 11:53 AM
Dec 2015

Don't recall him mentioned on the tee vee much.

Here's something not mentioned at all -- how the rich get richer, thanks to Wall Street-on-the-Potomac getting rid of Glass-Steagall:

When the law was no more, the Banksters used the deposits on all sorts of risky investments that crapped out. Then, the taxpayers got to make the Banks whole and even gave the Banksters a bonus.

The repeal of Glass-Steagall in 1999 spelled disaster in the 2008 Bankster Bailout. The Democratic president who signed it into law was working in a spirit of bi-partisanship with his Republican Senate colleague to encourage new areas of banking by deregulating the financial industry cough gutting the New Deal protections of the Wall Street casino from using taxpayer-backed bank deposits.

See if you can spot some familiar names on this list:



They now work together at UBS -- which received uncounted billions in bailout money -- to specialize in some kind of "Weath Management."

Forensic economist and former Fed regulator William K. Black wrote it reminds him of what happened during the Savings and Loans Crisis of the late 80s and early 90s. At the time, that was the greatest bank heist in history.

Some of why DUers and ALL voters should care about Phil Gramm.

The fact the nation's "news media" don't should also be of great concern.

forest444

(5,902 posts)
41. It figures that the Dixiecrat that crashed the U.S. economy also work for that money laundry, UBS.
Thu Dec 17, 2015, 11:59 AM
Dec 2015

You know what they always tell their tax dodging clients: 'UBS - and we do the rest'.

Octafish

(55,745 posts)
42. Dean Henderson names more names that I can.
Thu Dec 17, 2015, 05:03 PM
Dec 2015

And from what I know, his analyses are spot-on.



Baron de Rothschild and Prescott Bush, share a moment and some information, back in the day.

Something else I know: We are ending Year 34 of Trickle Down and the WEALTH is mostly all still on top.

"Mission Accomplished" for the anti-FDR set.

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