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156 Comments
- elamr, on 03/04/2008, -5/+45well.. I didn't need Warren Buffett to know that.
- dsendecki, on 03/04/2008, -1/+25Let's see if conservatives have middle names too! Oh they do! John Sidney McCain III will save us! Oh wait, no he won't. John McCain on whether or not the current tax system is 'fair': "Sure it's fair. The bulk of the taxes are paid by wealthy people."
- LFAB, on 03/04/2008, -2/+23Too many syllables.
- feckineejit, on 03/04/2008, -5/+25You conservatives are hilarious - hard times are coming? for who? hard times are already here, we don't pay a living wage to our hospitality workers, and get upset when "the mexicans are stealing our jobs". You want Lower taxes on the super rich so the wealth will 'trickle down' - to who? ferrari? Chanel?
You want to eliminate social welfare programs so that people will have to fend for themselves, did daddy pay for college? your first car? sounds like welfare to me! - OneLess, on 03/04/2008, -6/+26I know Reagan's recessions were all Carter's fault (*eye roll*) but there seems to be this odd correlation between Republican presidents and ***** economies.
- elamr, on 03/04/2008, -1/+20Jake, I thought conservatives hated taxes. Buffett (like most of the wealthy in the US) are able to use legal methods to get money back each tax year. After your income hits a certain amount you don't have any other choice but to own realestate, a business or some other mechanism that feeds the system and gives tax benefits. Otherwise you get assraped by the US Govt. Don't be a victim jake... conservatives are not victims, right?
ps: what the hell does "liberal charity" mean? - jstohler, on 03/04/2008, -5/+21So why can't Bush bring himself to say it?
- DooM, on 03/04/2008, -1/+16Unles your "small" property can be measured in the millions of dollars the estate tax does not apply to you, buffoon. Rush and Hannity have pulled the wool over your dimwitted eyes.
- CrazedLeper, on 03/04/2008, -2/+16Because it's true.
- kh99, on 03/04/2008, -1/+15Which conservative propaganda outlet are you parroting?
- digghandyman, on 03/04/2008, -3/+17He probably has a better sense of the economy than the President.
- ivandir, on 03/04/2008, -1/+14Best part of it:
Buffett also said on CNBC:
"On why the U.S. trade deficit is a long-term problem. "Over time, it's like eating an extra 100 calories at every meal. You don't sit down at the table and get up and everybody says 'My God, you're fat.' But if you keep doing it over time, pretty soon they'll say, 'My God, he's gotten fat.'" - domokunt, on 03/04/2008, -6/+18Bush+Berbanke say we're not in a recession, Buffett says we are, who are you gonna believe?
- LFAB, on 03/04/2008, -0/+12Bush + Bernanke CAN'T say we're in a recession or people panic. Buffett is a (more) objective source, IMO, but the most objective are leading economic indicators, which are suggesting that we are already in a recession. By the time we get our 2 quarters of GDP
- FredFredrickson, on 03/04/2008, -0/+10Future generations of Americans, unfortunately.
- mal1964, on 03/04/2008, -2/+12"RECESSION HAPPENS"
T SHIRTS 20.08 - NuFadZoo, on 03/04/2008, -4/+13What does this article have anything to do with Obama?
- audioobsessed, on 03/04/2008, -0/+9I would consider Warren Buffet more of a moderat though his donations have been exclusively. When you go on you rant about shorting the dollar, I think you are probably talking about George Soros. Moreover, Buffet has stated that he is donating the Lion's share of his wealth (32 Billion) to the Gates foundation - headed by Bill and Melinda. Bill donated to GWB but has gone blue with his donations this year, while Melinda has stuck it out in the red camp this year donating to the RNC. Do your ***** homework.
- EnigmaOX, on 03/04/2008, -4/+13and the destruction in iraq worth atleast 2 trillions , who's gonna pay that?
- SheilaNoya, on 03/04/2008, -2/+11We're about to start facing regional bank failures again too - even Bernanke is warning us about that. That's something we haven't seen since Bush Sr. was in office and we had our last serious housing crisis. Maybe McCain can round up some of his Keating Five buddies to try and bail out the banks that give them huge political donations again.
By the way - Where's Bush's brother, Neil Bush, these days? His involvement in the Silverado Bank failure cost the taxpayers over $4 billion. - inactive, on 03/04/2008, -6/+14The Amero is on it's way.
Don't worry little sheepies. - alex1015, on 03/04/2008, -0/+8Apparently he unintentionally meant that only "liberal democrats" donate to charity. His comment is too full of anger inflated by FoxNews to have any actual fact or reasoning.
- WayneCA, on 03/04/2008, -0/+7And consumer spending is WAY down.
- CrazedLeper, on 03/04/2008, -2/+9I will take the word of a homeless, screaming lunatic who relieves himself in his clothes, over anything Bush says--without exception.
- GeauxLSU, on 03/04/2008, -1/+8Bush's fault....try these people:
Americans are 'financially illiterate' and caught up in a web of debt. Poor savings don't help, according to two new studies.
http://money.cnn.com/2008/02/26/pf/financial_illit ...
Thanks idiots for messing with not only the US economy, but also the worlds! - peagle, on 03/04/2008, -5/+12Darn, I was rather hoping for Jimmy Buffet's insight.
- inactive, on 03/04/2008, -0/+7It's the same amount of syllables as "nuke-you-ler"...
- nihilite, on 03/04/2008, -0/+6For a person dying during 2006, 2007, or 2008, the "applicable exclusion amount" is $2,000,000, so if the sum of the taxable estate plus the "adjusted taxable gifts" made during lifetime equals $2,000,000 or less, there is no federal estate tax to pay.
That will go up to something like $3.5 million in 2009 or 2010. Even if all tax breaks expire, the lowest the exclusion would go is $1 million. that is not small. DooM has it right; the rich are using the ignorance of the working class to fight this tax. - LFAB, on 03/04/2008, -1/+7Are you for real?
- nathanbutnet, on 03/04/2008, -2/+8Just to agree with Buffet for a moment: I think anyone in business right now would tell you that the recession is here and now. It has been apparent now for months in businesses ranging from rental cars to retail to general services.
- FredFredrickson, on 03/04/2008, -1/+6Well said feckineejit
- Elranzer, on 03/04/2008, -0/+5jakeson2... Warren Buffet is also richer and smarter than you'll ever be, as well as infinitely more generous than you ever could be. I'd take whatever he has to say and listen, while you get dugg down into the stone age.
- eth3l, on 03/04/2008, -1/+6Its amazing, which such a wealth of information on macroeconimics, Digg should be used by the Federal Reserve to evaluate interest rate changes. I also heard the WSJ is secretly reviwing comments on Digg items like this, because, you know Digg comments are never biased.
- 955701, on 03/04/2008, -0/+5I ask you, what good is it being the one of the three wealthiest men in the US of someone can wake you up at 5am?
- mal1964, on 03/04/2008, -1/+6Probably everyone knows that already.
- nihilite, on 03/04/2008, -0/+5is that why all the banks are starting massive layoffs?
- dracostimpy, on 03/04/2008, -1/+5This restaurant researcher named, ahem, Ron Paul, agrees:
http://digg.com/business_finance/Some_OTHER_Guy_Na ... - FredFredrickson, on 03/04/2008, -1/+5Layoffs, spiraling stock market, falling price of the dollar. Sure, we still beat out the Romans, but the country is in a decline you imbecile.
- yodaj007, on 03/04/2008, -0/+4Good rebuttal. You sure swayed my opinion.
- FredFredrickson, on 03/04/2008, -0/+4SO even if it is happening, and is correcting itself, we shouldn't place the blame on the people who broke the economy? Der... okay. Ignore MSM and follow the Republicans like sheep to "economic prosperity." Nice work.
- freexe, on 03/04/2008, -1/+5He's been saying the same thing for years, If you'd taken his advice you would buying cheap stock now as well.
- FredFredrickson, on 03/04/2008, -0/+4If we are indeed in a recession, why is it a problem to acknowledge it? The more people know about it, and prepare for it, the better off we'll be to get through it. Even if we aren't in a recession (yet), I don't see any harm in warning people about it... instead of this head-in-the-sand, ignore-it-and-it-will-go-away *****.
- nirav72, on 03/05/2008, -0/+3@jakeson2 - a republican bitching about a capitalist. Now I've seen everything. Wow..you sure are a piece of work Jakeson2.
- alpharaptor, on 03/04/2008, -0/+3you know guys are puppet with fox news' hand way up their asses, when they throw the term "liberal democrat" around willy-nilly
- bjornski, on 03/04/2008, -0/+3No.
- ...---..., on 03/04/2008, -2/+5B-b-b-but... the president says there is no recession...
- WayneCA, on 03/04/2008, -1/+4Didn't you hear? Bush and Bernanke say we're not in a recession. Somebody has to tell us the truth.
- jonvictorino, on 03/04/2008, -1/+4Anyone have any spare change?
- strafefire, on 03/04/2008, -0/+3There is NOTHING wrong with shorting any security!
If the fundamentals of a security were STRONG, shorting would NOT be an issue.
BUT, if they suck, like having outrageous debt, loss of sentiment and confidence, and continuously bad investment and MANAGEMENT choices, well... - israelanderson, on 03/04/2008, -0/+3Ah, sorry, but that's total BS.
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