johngonole

Buffett's Betrayal

I can't speak much on Buffet. But he is well connected with the progressives and I have no doubt he traded on good information. If I were a shareholder I would think that was great. As a taxpayer shame shame on Buffet and all the finaciers.

I personally think the large financial institutions are a bunch of fascist pigs. They are basically selling our freedoms in exchange for power and money. How is it possible for a business like Goldman Sachs to make the billions that they make and produce ZERO products. Goldman may be getting richer but the taxpayers are getting hosed. Socialism for the rich and poor. Middle Class is quietly being enslaved. When it comes time to pay off these debts and entitlements it will be the middle class that suddenly finds itself poor.

Truth be told we have it great in this country but the foundation of our destruction has been laid and it is deep. The thought that Americans returning to a moderate savings rate spells doom for the economy (EVEN BEFORE all those entitltements kick in) just shows how misallocated our resources have become. The idea that government is somehow going to get the right mix is just stupid.

I was talking with a friend and told him how much or my companies revenue is related to school construction. He said ohhh well you should benefit from all that stimulus money. That certainly isn't the case. I don't know where all the stimulus money is going but it certainly isn't in construction. I don't even think they are spending it on other infrastructure projects.

Most of stimulus money appears to be in the form of wealth transfers and transfers to political machinery orgainizations.

Kudos to those who have been heckeling our politicians.