Warren Buffet says the government is doing the right things -AP
Posted by boogerthewise on May 2, 2009
No need to link to this story because it is being splashed upon every lamestream source available. Now what does this mean?
Buffet is highly correlated with investing wisdom which is quite accurate for the most part. However, Buffet’s reputation based upon the past offer up no reason to believe the man will not make errors going forward.
The federal government is doing nothing correctly and everything poorly as has been the case from the very beginning.
Perhaps Buffet speaks from his and only his perspective. Berkshire is the largest private shareholder in Goldman Sacks the fifth largest bank in America Goldman is the recipient of huge amounts of tax dollars -bailed out. So from this perspective Buffet speaks the truth. However, if bailouts are good for Warren then that means the American people are being pilfered in a big way.
Think about it.
