3/10/2009

Warren Buffet Transcript

A copy of the entire transcript of Buffet's three hour interview:

“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,’ and you didn't have congress people putting on 8,000 earmarks onto the declaration of war in 1941.” . . .

“Job one is to win the economic war. Job two is to win the economic war and Job 3. 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.”

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3 Comments:

Blogger Matthew said...

Of course the exact opposite is true as well. If the republicans are not going to help solve anything then Obama has to have every democratic vote. How do you get these votes? You create an earmark for that guys district. Chicken or egg?, obstructionism or the earmarks?

Buffet may not be an expert on getting legislation passed.

3/10/2009 12:44 PM  
Blogger Harry Schell said...

If one really thinks one wants to repair (as ooposed to remake) the country, then Buffett is right.

It is not that Buffett is inexpert on getting legislation through, but that Obama et. al. see this crisis (which they helped make) and their majorities in Congress as an opportunity not to be wasted, a time to remake the US into something more tasteful to their views and agenda.

So, they pay off every interest group they can and drive leftist policies as hard as possible.

Some think the first days reflect Bama's incapacity for the job. True, he cannot function in public without a teleprompter, but that has little to do with his Cabinet selections or announced policy directions.

I think we have a clever man, who has learned the limited lessons he has been taught very well and to the exclusion of admitting any contrary data to enter his head.

The dicussion he had during the campaign with a reporter about marginal tax rates and capital gains was as clear a statement as any that Obama has a plan.

Buffett's Job One is not Bama's Job One. Buffett has enough money he will never feel the impact of what Bama is going to do.

More than 95% of Americans are not so fortunate. It's going to be a bumpy ride, brought to us by people who will retire at 100% of their last salary with COLA and medical benefits to get them to the head of the line for whatever they want.

Eat it, little people.

3/10/2009 4:28 PM  
Blogger The Right Guy said...

The earmarks will exit no matter who votes for what. Unfortunately, politicians aren't happy unless they can promulgate the perception that they are doing something. Their job one is to get reelected, not legislate from a responsible perspective. Bringing home the bacon is killing us and it only works when people are willing to be bribed with their own money. We are fools.

3/11/2009 12:41 AM  

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