Quote Originally Posted by Lyle View Post
Oh you're always sooo right Kirkland and that's why a larger Capital Gains Tax, Cap and Trade regulations, and taking away the secret ballot for unionization will really help our economy....those are the points of contention that Buffet has and I am sure he has those for a good reason.


No one is saying anything bad about Obama (because they have seen what happens to guys like Santelli and Cramer, Barry sicks his thugs on them) only about his policies which are bad for the economy....sorry to tell you but Buffet a HUGE Democrat said Bush and Paulson did the correct things.
It's amazing how much wrongness you manage to pack into a few sentences.

Higher capital gains to 1990s levels will have as much effect on the economy as they did in the 1990s, a period when America saw its fastest economic growth for decades, balanced its budget, didn't suffer a financial meltdown and consequent depression, etc. etc.

Cap and trade and greater unionisation will both help the US economy greatly. They won't help corporate profits but seeing how corporations have just made Americans their indentured servants for the next couple of decades I don't think there'll be too many tears shed for them by Americans except for the clueless ones who listen to talk radio and are told that lower capital gains taxes for centimillionaires and billionaires will help the economy (against all the evidence of the last twenty years).

Nobody set any "thugs" on CNBC. All that happened was that a bunch of comedians took the piss out of them. You can watch the second and third parts of the pisstake here :

Jon Stewart Rips Into Jim Cramer Again (VIDEO)

Jon Stewart Slams Jim Cramer, Whole NBC Family (VIDEO)

The only Obama policies that are bad for the economy are the ones where he's carrying on Bush administration policies, like with the financial crisis. Everything else is a good policy. I didn't hear you complain when Bush was bailing out the financial system with ten trillion.

And Buffett isn't a Democrat. He's an independent.

Everything is fucked Lyle as you'll eventually realise. And you're going to spend most of your working life paying tribute to the government to pay the debts run up by slightly more legit versions of Bernie Madoff. But none of this is Obama's fault. He's making mistakes which will cost you more in the long run but the hole we're in wasn't created by him, it was created by the GOP over the last eight years.

The markets will continue to reflect the current situation, which is that the debts are so great that there isn't a political solution to the crisis, or even if there was it isn't affordable, or maybe there just isn't a solution. That's where we are right now.