Denying US Problems Has Gotten us Nowhere
09 February 2010 12:56 pm by sunlight
http://www.theinsightfultrader.com/buffett-we-will-muddle-through-even-if-we-change-next-to-nothing/
What throws us is that Buffett — and probably most of his peers — apparently live in a country that no longer exists. In Buffett’s America, Republicans might actually pull back from undermining Obama if Democrats don’t “point fingers” of blame or use the crisis to enact legislation that Republicans don’t like. Not only that, Buffett’s America remains a land of opportunity where smart people come from all over the world to build new businesses and first class innovations that make us better competitors than all the rest.
This post was submitted by sunlight.
No tags for this post.
I know I wrote this some months ago but would like to think it is still current in many ways. Also… I don’t think I am the only professional investor who felt betrayed when Buffett started to defend bank bailouts and dishonest accounting for banks. He’s no longer the man who set standards for morality as well as brilliance in our business, and I for one was saddened when that became clear.
Me too sunlight.
The other point with Buffett is, he used his once sterling reputation to advocate for the bailouts when the bankers and Obama needed him to cover for them. His stance was repellent and absolutely critical.