Warren Buffet/Obamas supporters running for cover.

2 U Who  Acted Stupidly[1]Warren Buffet endorsed Obama for president and was someone that Candidate Obama referred to as having advised him. Mr Buffet released this statement;

“We do not want our country to evolve  into the Banana-republic economy…congress must end the rise in the debt to GDP ratio and keep our growth in obligations in line with our growth in resources”

Maybe Mr.Buffet is a TopTruther because he is echoing my statements almost exactly.

This as Obama loans 2Billion to a nationalised Brazilian oil company for offshore drilling exploration. Gee…How long can people continue to pretend that Mr.Obamas policy’s are even remotely in line with the mainstream? Obama is a radical collectivist.

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2 Responses to “Warren Buffet/Obamas supporters running for cover.”

  1. Billionaire investor Warren Buffett said the US economy has avoided a meltdown and appears on a slow path to recovery, but Congress must now deal with enormous amounts of debt that threaten to erode US purchasing power.

    In an opinion column published on Wednesday by the New York Times, Buffett wrote that he ”resoundingly applauds” actions by the Federal Reserve and the Bush and Obama administrations to pump trillions of dollars into the financial system.

    But the ”gusher of federal money” has run up a high level of debt that could fuel inflation, he said.

    ”The United States economy is now out of the emergency room and appears to be on a slow path to recovery,” Buffett wrote.

    ”But enormous dosages of monetary medicine continue to be administered and, before long, we will need to deal with their side effects. For now, most of those effects are invisible and could indeed remain latent for a long time. Still, their threat may be as ominous as that posed by the financial crisis itself.”

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    • If even supporters of the bailout admit that these actions could be as bad as the crash itself than how do you justify burdening the people with this kind of debt?
      Even if we avoid the kind of hyper inflation that bankrupted Germany and ushered in the 3rd reich the middle class will still be severely handicapped by taxes for generations. The intrest alone on our national debt exceeds half a trillion anually.
      Almost as bad no one really stops to look at how these problems came about. Even TIME magazine puts Clinton and Greenspan high on its list of those to blame. Look into glass-steigal and the CRA.
      Thank you for contributing I hope you will continue to get informed.

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