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March 09, 2009

Obama Supporter/"Mentor" Warren Buffet Now Also Has Buyer's Remorse

A pair of quotes:

Obama Says Buffett Has “Shaped” His Ideas. “In last week’s final presidential debate, after Republican John McCain raised questions about his rival’s ties, Sen. Obama said, ‘Let me tell you who I associate with. On economic policy, I associate with Warren Buffett and former Fed Chairman Paul Volcker … who have shaped my ideas and who will be surrounding me in the White House.’” (Monica Langley, “Volcker Makes A Comeback As Part Of Obama Brain Trust,” The Wall Street Journal, 10/21/08)

Obama Campaign On Buffett: “We Look Forward To Him Helping Out Our Efforts.” “‘Warren Buffett is a great friend and an important force in the global economic community. We look forward to him helping out our efforts,’ said Obama spokesman Bill Burton.” (Celeste Katz, “Buffet Of Praise, Cash For Hil At Buffett Dinner,” [New York] Daily News, 6/27/07)

The blessing of Warren Buffet, the so-called "Oracle of Omaha," was critical in reassuring liberal-leaning members of the capitalist class that it was safe to elect the socialist Barack Obama. Sure, he had a radical past, but Buffet assured his fellow capitalists he didn't mean all that crazy stuff, and that he was A Man We Can Do Business With.

Well. Apparently not so much. Buffet slams Obama's payoff to the unions:

“I think the secret ballot’s pretty important in the country. You know, I’m against card check, to make a perfectly flat statement,” Buffett said.

And Buffet also slams Obama for taking his eye off the economy to pursue secondary and tertiary liberal wish-list items:

"If you're in a war, and we really are in an economic war, there's a obligation to the majority to behave in ways to not go around inflaming the minority. If on Dec. 8, or maybe it was Dec. 7, when Roosevelt convened Congress to vote on the war. He didn't say, ‘I'm throwing in about ten of my pet projects,'" Buffett said.

Taking aim at one such issue, interviewer Joe Kernen replied: "You might not have fixed global warming the day after - the day after D-Day, Warren."

"Absolutely," Buffett declared. He also told Kernen that the Republicans should provide general support for the administration, but that the Democrats should not be pushing "contentious" policies that are not related to solving the nation's economic woes.

"Job one is to win the economic war. Job two is to win the economic war and Job 3," Buffett said. "And you can't expect people to unite behind you if you're trying to jam a whole bunch of things down their throats. So I would absolutely say, for the interim until we get this one solved, I would not be pushing a lot of things that, that you know are contentious."

Right. We're in a crisis the likes of which this country's never seen... which is why we have to further hamstring it by imposing a $640 billion tax increase on everything produced in America. Because, you know, in 150 years the Maldives Islands might lose a foot and half of shoreline.

The Oracle of Omaha became the Oracle of Obama, and can now count himself as handmaiden of the destruction of the once-potent US capitalist economy.

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posted by Ace at 02:12 PM

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