ABC News: Buffett Backs Second Stimulus
Thu, 07/09/2009 - 09:08
Warning... Angry Tirade Approaching...
Oh really? And what leads the "Oracle of Ohama" ... or maybe we should retitle this idiot to the "Oracle of Obama"... to the conclusion that more Government money printing and devaluing the dollar is going to shore up the Economy? Answer... Not sure... but Aricept might help...
Anyone seen the movie Idiocracy? This is the Brawndo/Water scene... Brawndo = Obama Stimuli, Water = Reaganomics... Crops = American Economy...
Joe: "For the last time, I'm pretty sure what's killing the crops is this Brawndo stuff."
Secretary of State: "But Brawndo's got what plants crave. It's got electrolytes."
Attorney General (Sara Rue): "So wait a minute. What you're saying is that you want us to put water on the crops."
Joe: "Yes."
Attorney General: "Water. Like out the toilet?"
Joe: "Well, I mean, it doesn't have to be out of the toilet, but, yeah, that's the idea."
Secretary of State: "But Brawndo's got what plants crave."
Attorney General: "It's got electrolytes."
Joe: "Okay, look. The plants aren't growing, so I'm pretty sure that the Brawndo's not working. Now, I'm no botanist, but I do know that if you put water on plants, they grow."
Secretary of Energy (Brendan Hill): "Well, I've never seen no plants grow out of no toilet."
Secretary of State: "Hey, that's good. You sure you ain't the smartest guy in the world?"
Joe: "Okay, look. You wanna solve this problem. I wanna get my pardon. So why don't we just try it, okay, and not worry about what plants crave?"
Attorney General: "Brawndo's got what plants crave."
Secretary of Energy: "Yeah, it's got electrolytes."
Joe: "What are electrolytes? Do you even know?"
Secretary of State: "It's what they use to make Brawndo."
Joe: "Yeah, but why do they use them to make Brawndo?"
Secretary of Defense: "'Cause Brawndo's got electrolytes."
... and frankly this is how the whole "Stimulus" discussion is beginning to sound... they're selling a monstrous bill of goods which smells more like dogshit! Does anyone get the gist here? The only reason Buffett is backing the idea of a second stimulus is because he backed that moronic idiot Obama in the first place... and ANY investor will tell you... you can't borrow and spend your way to prosperity! If we could do that, then we all could run up our credit cards and be rich... don't work that way.
What is it with supposedly smart people who reject minimal government intervention and free market economics, yet they embrace that nonsensical theory by that hack economist Keynes? Its FAILED EVERYTIME ITS BEEN TRIED! The poster child for Keynesian government spending FDR... WAS A FAILURE!! PERIOD!!
Mr. Buffett, ummm... are you getting the impression now that "Johnnie backed the wrong horse"? ... Um, don't look now but I think you stepped in it, Sir...
Now what do investors like Buffett do with companies that have huge amounts of debt, continue to spend even more increasing that debt, and have no way to either pay it off or recoup the expenditures in the first place?
Answer... they don't even touch them with a 10 foot pole! So why is it that Buffett wants the government to do exactly opposite what he would NOT want done at any of his companies, or prospective companies that he may invest in?
I think Buffett dug himself a hole here... I wouldn't trust a single thing this guy says after this.