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- dn11, on 05/20/2008, -16/+153Wow... now that is an endorsement. Buffet and Gates are I believe in a class by themselves in the "ultra rich white guy" category. Their social conscience seems to be on the same level as their business smarts. While Bill Gates doesn't seem to get involved in politics, I believe he donated to Obama as well. If he also endorses him, I won't be surprised.
- kdawg1012, on 05/20/2008, -23/+128That's great. Adds strength to Obama's heft on the economy.
- sonaboy, on 05/20/2008, -30/+95the fact that some neo-con loons on this site view Obama as "far left" is ***** hilarious. there hasn't been a true "far left" candidate on the national leadership dais since Eugene V. Debs in the 20s. Give it a rest, crybabies.
- thestranger, on 05/20/2008, -1/+48In June 2006, Buffett gave approximately 10 million Berkshire Hathaway Class B shares to the Bill & Melinda Gates Foundation (worth approximately USD 30.7 billion as of June 23 2006)[41] making it the largest charitable donation in history. The foundation will receive 5% of the total donation on an annualized basis each July, beginning in 2006. Buffett will also join the board of directors of the Gates Foundation, although he does not plan to be actively involved in the foundation's investments.
He also announced plans to contribute additional Berkshire stock valued at approximately $6.7 billion to the Susan Thompson Buffett Foundation and to other foundations headed by his three children. This is a significant shift from previous statements Buffett has made, having stated that most of his fortune would pass to his Buffett Foundation. The bulk of the estate of his wife, valued at $2.6 billion, went to that foundation when she died in 2004.[42]
His children will not inherit a significant proportion of his wealth. These actions are consistent with statements he has made in the past indicating his opposition to the transfer of great fortunes from one generation to the next. Buffett once commented, "I want to give my kids just enough so that they would feel that they could do anything, but not so much that they would feel like doing nothing."[43]
The following quotation from 1988, respectively, highlights Warren Buffett's thoughts on his wealth and why he long planned to reallocate it:
"I don't have a problem with guilt about money. The way I see it is that my money represents an enormous number of claim checks on society. It's like I have these little pieces of paper that I can turn into consumption. If I wanted to, I could hire 10,000 people to do nothing but paint my picture every day for the rest of my life. And the GNP would go up. But the utility of the product would be zilch, and I would be keeping those 10,000 people from doing AIDS research, or teaching, or nursing. I don't do that though. I don't use very many of those claim checks. There's nothing material I want very much. And I'm going to give virtually all of those claim checks to charity when my wife and I die. (Lowe 1997:165–166)" Sorry for the copy and paste.... - inactive, on 05/20/2008, -8/+53Hi you lying sack of anti-American *****.
Buffett says that his economic class pays too less and people who make under 200,000 a year pay too much in taxes and he wants to re-align the tax structure.
Why do you hate our troops jebson2? - mokadi925, on 05/20/2008, -7/+52Huh. Looks like Obama has the support of the ultimate "hard working white person."
- Wakkyweed, on 05/20/2008, -2/+40Alternate title: Billionaire Buffet Backs Barack, But Bitter Bumpkins Believe in Bimbo.
- chrissku, on 05/20/2008, -14/+51This is a big endorsement for Obama in terms of an economic policy confidence boost. Nice!
- scaaven2, on 05/20/2008, -3/+37I read that as "Sage of Obama"
- frankingeneral, on 05/20/2008, -1/+33You're ridiculous. Buffett is not your average billionaire. He has a social conscience and he has a long history of liberal activism. It's ridiculous to assume that he's only doing this as an investment. What does he get in return? And I love how conservatives keep throwing around the term socialist with regards to Obama. Please, someone, in form me what is socialist about Obama's policies.
- AmaDaden, on 05/20/2008, -4/+34He is a billionaire but he's not a billionaire's billionaire. He bitches about how LITTLE he pays in taxes and he heavily donates to charity. From what I've been told he is both a good guy and smart.
- onishenko, on 05/20/2008, -5/+32If you read Obama's latest book, Audacity of Hope, there is a good part of one of the chapters where Obama went to Omaha to meet with Buffett and talk about economics, taxation, the famed 'death tax', gap between the rich and poor, etc. They have some form of relationship already, so this isn't a huge surprise. Good news though.
- inactive, on 05/20/2008, -16/+42This is the first endorsement for Obama that has actually interested me. Unfortunately, the article didn't go into any specifics as to why he is supporting Obama, other than Obama is the dem candidate. Sounds like he would have supported HRC, too.
I know that Buffet has said he pays too little in taxes, which is probably true. So, he's not the type of rich guy that would go for the rabbit in a Rousseauian stag hunt. That's on the one hand, on the other hand he could just be the limo lib to end all limo libs. - thestranger, on 05/20/2008, -1/+27Read up on him, he is a great person.
- dougmoser, on 05/20/2008, -9/+33I LOVE how this years buzz word is "socialism". Do you realize that not all socialism is bad?
- TomK88, on 05/20/2008, -4/+28He's the most liberal member of the Senate if memory serves. I don't get why people use the word "far left" or "liberal" like it's a dirty word though. America is far right as it is and people like Obama in other developed nations could be classified as right wingers. It's all a matter of perspective.
- keishax, on 05/20/2008, -2/+24This article gives more insight as to why he thinks Obama is better than McCain.
http://www.breitbart.com/article.php?id=D90OSFE01& ...
"As for Republican John McCain, Buffett described him as a "first-class human being. I think he's admirable. I don't agree with him as much as I agree with Barack. I think the U.S. will do well over time whether the president becomes Barack or John McCain." - pintomp3, on 05/20/2008, -2/+24so? mccain has billionaires backing him too. they just happen to be saudi.
- inactive, on 05/20/2008, -0/+20That makes him patriotic.
- orangefly, on 05/20/2008, -0/+20obama/buffet '08....???....
- dn11, on 05/20/2008, -4/+23You just can't stand the fact that people who are exponentially smarter than you contradict you.
- Heem, on 05/20/2008, -10/+29I'd rather know who Jimmy Buffett was endorsing
- JABro, on 05/20/2008, -5/+24I had a businessman friend who once said to me "someday I'd love to be rich enough to be a democrat". Certainly fits here.
I'm all for supporting the little guy. Heck, I'm even for supporting the big guy. I just wish any one of the candidates really cared about the folks stuck in the middle. You know, the ones who actually work to earn a living. - kingmanic, on 05/20/2008, -1/+20There is MS unethical and then there is Haliburton unethical. On the sliding scale of evil MS is just a touch above your standard huge ass corporation while Haliburton, Monsanto, deBeers, etc... are just a few notches below Satan. Compared to almost every other corporate citizen MS isn't too bad and compared to other billionaires Gates and Buffet are decent folk.
- paidhima, on 05/20/2008, -1/+17Rich is a flash in the pan. Wealth is the sort of thing that lasts generations.
- dn11, on 05/20/2008, -2/+18not if you know anything about Buffet
- stubarwick, on 05/20/2008, -1/+17Why post the same comment as some one else? Word for word... did you just cut and paste? Buried for unoriginal thought...
- msotrips, on 05/20/2008, -9/+25Billionaire Buffet Back Barack was the right title for this...
- jgzman, on 05/20/2008, -1/+16Also, as noted above, Buffet does things with his money that are good for everyone, not just himself.
- jabela, on 05/20/2008, -3/+18Gates is a democrat, but he was careful to include both candidates in his last day at the office video.... He certainly won't be unhappy if Obama gets the nomination ;-)
- gropo, on 05/20/2008, -1/+15jbenson2 is the guy who is so consistently factually wrong that his digg comment average is -452.
- dougmoser, on 05/20/2008, -1/+15It's all scare tactics my friend.
- BishkekBuddy, on 05/20/2008, -8/+21Of COURSE he's making an investment..... and investment in America! And he full well realizes that it's going to cost him more - more in taxes!
- vexingmodstwo, on 05/20/2008, -1/+14Leftists can be patriotic.
- kingmanic, on 05/20/2008, -0/+12He donates to charity. Given the governments recent track record, this may be far more effective at improving the country then cutting an extra check to the government.
- sonaboy, on 05/20/2008, -0/+11more liberal than Barb Boxer, Barney Frank, etc?
you have to be kidding. - Infidelcastr0, on 05/20/2008, -0/+11You know THEY can read this don't you.
- PhildoVT, on 05/20/2008, -0/+10there are alot of people on the nadwagon right now
- kreneskyp, on 05/20/2008, -0/+9"liberal" no longer means "liberal" and "conservative" no longer means "conservative" either. really there are at least two categories for each: social, and fiscal. right now Democrats are socially liberal and fiscally conservative. Republicans are the opposite being socially conservative and fiscally liberal.
He sure sounds like a Democrat to me.
I think that your assessment that being "sharp as a tack" and able to sustain a long term relationship as being conservative is absolutely wrong and offensive. We've certainly had very smart people on both side of the fence. Just because you might support social freedoms and maybe a bit of socialism does not mean you don't see value in family or lack the ability to maintain one. - MaskedSlacker, on 05/20/2008, -0/+9Adds to Obama's heft on the economy?
By that logic Bush is one of the best presidents for the economy ever with all the CEOs that love him. - wjackson, on 05/20/2008, -1/+9What a terrible way to recall the joke.
- paidhima, on 05/20/2008, -1/+91. Please read about Obama's connection to Bill Ayers. It's sensationalist at best.
2. Jeremiah Wright is not Barack Obama. Obama denounced Wright's views. The "omg twenty years" crap is old and stale.
3. Farrakhan praised Obama, not the other way around. It was a magazine, connected to the church, that said Farrakhan "epitomized greatness." Obama, on the other hand, immediately denounced Farrakhan's support. And yes, he also rejected it. You can't control who endorses you.
4. I actually had to look that up to figure out what the hell you were talking about. I assume you mean the Illinois legislature, not Arkansas. Regardless, the information I've found on it so far reads more like a simple Obama hit piece than anything really investigative. The Rezko matter is a straw man.
5. Again, nice sound byte. What Michelle Obama said was, "For the first time in my adult life, I am really proud of my country." You could take it to mean that she wasn't proud of her country before. You could also take it to mean that she is encouraged by the uncharacteristic involvement of the nation in this campaign cycle. I would add that it is entirely possible to love your country, but not be proud of it. This is another straw man designed to bring out the "America, ***** yeah!" crowd.
6. You use the word "unconditionally" as if it's a bad thing. Maybe you don't know what it means? What it means, in context, is that Obama would meet honestly, and in earnest, to resolve conflict. Make no mistake, Obama wouldn't be a pushover. Witness his statements concerning terror cells in Pakistan (for example). At what point did diplomacy become a bad thing? As evidenced by our time in Afghanistan and Iraq, invading and declaring war on sovereign nations has done nothing to quell the threat of terror attacks. Perhaps a new tactic is in order?
7. More sensationalist crap to bring out the "boo, fascists...no, I mean socialists...or is it communists?" crowd. 0/10 on the troll meter for that.
Not a very good overall attempt. - iamchewy, on 05/20/2008, -0/+8Are you retarded? Warren Buffett donated over $30 BILLION to charity.
- aimhelix, on 05/20/2008, -2/+10I see what you did there!
- Joshuarr, on 05/20/2008, -1/+9I thought it was his wife..
- gnomead, on 05/20/2008, -0/+8So true. Warren Buffet is a legend. The amount of money he's given away is just mind boggling. It's now worth something like 60 billion dollars. To help that sink in, that is 60,000 million dollars. He rejects the idea of dynastic wealth and has refused to leave his wealth to his family and children (with whom, from all accounts, he seems to share a good relationship with). This, of course, stems from his belief that all lives are equal. Mr. Buffet will be saving thousands of lives for decades to come even from beyond the grave. He isn't just the ultimate hardworking white person, he's the ultimate American.
A wonderful interview with Mr and Mrs Gates and Warren Buffet on Charlie Rose:
http://video.google.com/videoplay?docid=5152600112 ... - cleverboy, on 05/20/2008, -1/+9Actually, as far as Digg titles go, this one is perfectly accurate. The question isn't really about Barack or Hillary, so much as it is whether Obama can attract those that also supported Clinton. So, this is a "now that he seems like he will win" choice. McGovern's support was just as polite to Clinton, if not more decided. Buffet Backs Obama for President. It is true on all counts. "He is my choice." Not "Democrats are my choice." There's a difference.
- inactive, on 05/20/2008, -0/+8J Jonah Jameson would be proud
- vorjay, on 05/20/2008, -1/+8Why is it again they call John Mccain the "Maverick"?
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