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/
Trajan
(19,089 posts)Being praised by a one percenter is hardly a feather in her cap ...
Elmer S. E. Dump
(5,751 posts)I certainly am not impressed.
Bubzer
(4,211 posts)This has already been reported by three different sites back in September.
randys1
(16,286 posts)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?
Elmer S. E. Dump
(5,751 posts)Bubzer
(4,211 posts)http://www.businessinsider.com/warren-buffett-bernie-sanders-hillary-clinton-2015-9
http://www.cnn.com/2014/10/07/politics/buffett-clinton-2016/
http://www.reuters.com/article/us-usa-election-sanders-buffett-idUSKCN0R82HT20150908
http://www.dailymail.co.uk/news/article-3226885/Billionaire-Buffett-praises-socialist-Sanders-sticks-Clinton.html
http://thehill.com/blogs/blog-briefing-room/news/268019-warren-buffett-endorses-hillary-clinton-for-2016
Elmer S. E. Dump
(5,751 posts)Bubzer
(4,211 posts)Though I do have to give him credit for coming up with the Buffet rule.
George II
(67,782 posts).....a really tight calendar he keeps.
Elmer S. E. Dump
(5,751 posts)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.
VanillaRhapsody
(21,115 posts)if you disagree...please show where she said that
Beacool
(30,247 posts)840high
(17,196 posts)Beacool
(30,247 posts)840high
(17,196 posts)Elmer S. E. Dump
(5,751 posts)No offense to Beacool.
arcane1
(38,613 posts)Unless he's paying those people out of his own pocket, those companies are irrelevant to this topic.
Beacool
(30,247 posts)uberblonde
(1,215 posts)SoapBox
(18,791 posts)And it's from a super-billionaire too!
bluestateguy
(44,173 posts)nt
turbinetree
(24,683 posts)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)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)Warren Buffet is not some Progressive hero, he is an ordinary pseudo-capitalist of the creepy crafty sort.
turbinetree
(24,683 posts)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
http://www.cbc.ca/news/business/berkshire-hathaway-sells-exxon-stake-but-buys-more-suncor-and-ibm-1.2961322
for some reason I couldn't edit the post above
turbinetree
(24,683 posts)thanks
Honk------------for a politcal revolution Bernie 2016
arcane1
(38,613 posts)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
arcane1
(38,613 posts)me: Flemish Sour Red Ale -----> <------you:Cabernet
a book and a brew!
arcane1
(38,613 posts)RoccoR5955
(12,471 posts)I would expect no less.
840high
(17,196 posts)Agony
(2,605 posts)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
AngryAmish
(25,704 posts)She was the 2d best first lady ever, and she is dead.
Octafish
(55,745 posts)Ask Buffet or the Waltons, it's not by coincidence that the rich keep getting richer.
forest444
(5,902 posts)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)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)You know what they always tell their tax dodging clients: 'UBS - and we do the rest'.
Octafish
(55,745 posts)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.