Buffett shines at Iowa gala (everyone will owe President Obama a big thanks)

Source: Omaha World Herald


By Bob Eschliman

URBANDALE, Iowa — While the purpose of Thursday's gathering at the Homemakers Furniture store here was to celebrate the reopening of the remodeled and expanded store, most of the invitation-only guests were mainly interested in one man.

Warren Buffett, chairman and CEO of Berkshire Hathaway Inc., was there because Homemakers is owned by Nebraska Furniture Mart. The Omaha-based Mart is part of Berkshire Hathaway.

After making a few comments about Homemakers, the largest furniture retail outlet in Iowa, Buffett offered to answer a few questions from the audience.

Forty-five minutes later, while still answering questions, Buffett had touched on various topics, including:

President Barack Obama's first six months in office: “He's got a tough job. He inherited a tough situation .... I think in three or four years, everyone will owe President Obama a big thanks.”



Read more: http://www.omaha.com/article/20090801/MONEY/708019949/0/FRONTPAGE

:patriot:

Thank You Mr. President and I'm looking forward too 2010 and 2012 elections I can't wait too chant 4 more years in the streets and up n down the sidewalks:)

Jimmy BuffetB-)

:toast:

People can actually have a fear of succeeding. Because it involves taking calculated and managed risks. The GOP will exploit that fear of success with a finesse that would leave Osama bin Laden in awe.

and he's smart too.

But we were believers already.

I was laid off three months ago and have few job prospects (I'm a newspaper copy editor) and should feel panicky. But Barack Obama still gives me hope. Thank you, Mr. President.

People listen, Or they had better.

Well, very few Americans listened. They may wish they had.

He said to buy stocks about four trading days before the market bottomed. I think he really doesn't know a whole lot about it and just got lucky, but that was a hell of a call and he caught a lot of flak for it.

Saying it's up 52 % compared to after WWII being over twice that and we are no where near dangerous levels.

Now since I'm an idiot. Is Warren left or right leaning. I always thought it was right, but looks like the right lost their economic sense.

The current hate pantheon for them runs from Obama to Clinton (either one) to Buffet in that order, I think.

Drives the conservative nuts. Buffett thinks that the estate tax causes each generation to go out and make it on its own, and not simply live off their grandparents' efforts.

He's said many times that his taxes need hiking! :)

this is a terrific thread!!!

It doesn't work!

Saying that, Homemakers and Nebraska Furniture Mart are two of the coolest furniture places to shop - while my folks have Berkshire Hathaway stock from knowing WB in the old days, I didn't know he owned 2 of the stores that I know.

Rock on WB - I believe in you and your assessments. :yourock:

Warren Buffet and his friends. Things are just marvelous as far as they are concerned.

He leads a "charming life" as Mr. Nice Guy. Quite a deal while you're raking off a ton of cash.

It was on the DU LBN a few weeks ago. He is transferring billions every year to the gates foundation.

Now if he could turn back time and redistribute that to people who did the work that produced the profits,
that might be different. Andrew Carnagie gave away spectacular amounts of money for productive efforts and
that wasn't the point either. The problem is the skewed distribution of money allowed by a system that allows that
accumulation without much work.

They're business partners. :think:

:thumbsup:

Fuck Buffet and his unchecked greed.

What a difference an intelligent President makes

Thanks President Obama

He lives in a normal-sized home and drives a clunker! :D

I hope Obama ends up nationalizing the banks right after he forces a meeting of the 25 top institutions holding
derivatives at which he makes them cancel out all obligations, thus saving us years of paying back their stupid debt.

I hope that Buffet complains, along with the other ultra rich, because their tax rates are at 75% and their
accumulated wealth in the rigged game that they play so well has been taxed to compensate the rest of us for
having to put up with this nonsense.

Buffett gave us Schwarzenegger. He invested 1/2 as much as the the Treasury did in Goldman and got many times
the value. I really don't care what he says since it's all double talk to serve his own accumulation of wealth.

disagreed.

And we saw how that turned out.