Posted on 12/12/2007 4:31:13 AM PST by shrinkermd
Democratic presidential rivals Hillary Clinton and Barack Obama are vying for the affections of legendary investor Warren Buffett, as the economy eclipses Iraq as a key election issue.
Mr. Buffett has said he won't endorse a candidate but that he is willing to throw his substantial fund-raising capabilities behind both Sens. Clinton and Obama.
"I told both of them that if they ran for president I'd support them, and here we are," Mr. Buffett said after an event for Mrs. Clinton here yesterday.
The fund-raising "Conversation with Warren Buffett" drew over 1,500 people, including a mix of Silicon Valley executives such as John Doerr, a partner at venture-capital firm Kleiner Perkins Caufield & Byers; philanthropist and founder of the Esprit clothing line Susie Tompkins Buell; and San Francisco Mayor Gavin Newsom. Tickets ranged from $100 to more than $2,300, drawing in around $1 million, according to the Clinton campaign.
As Mr. Obama enjoys the endorsement of celebrity and entrepreneur Oprah Winfrey, the Clinton campaign may become more aggressive in seeking Mr. Buffett's support.
Mr. Buffett, who heads Berkshire Hathaway Inc., Omaha, Neb., held an event for Mrs. Clinton in New York in June that raised at least $1 million.
When Mrs. Clinton was campaigning in Iowa a few months ago she asked Mr. Buffett's daughter, Susie Buffett, who is handling much of his political work, to ride in her motorcade
(Excerpt) Read more at online.wsj.com ...
Why does this idiot make all that $$$??? To endorse either of these loosers is just plain nuts!
Team Clinton will certainly try to make economy the issue.
“It’s the ECONOMY, Stupid!” This was a sign hung in Bill Clinton’s campaign headquarters to keep everybody “on message” in 1992.
It worked in 92. Clinton, Carville, and Co would love to use that theme again for 08.
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That could be a godsend or curse for Hillary — she keeps trying to re-run the Clinton 90s campaigns.
It could work or it could sink her. BillyJ doesn’t seem to be getting a great response when he is out campaigning for her.
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[Just as I turned on FoxNews this morning at 5 a.m. CDT, they were talking about verbal fighting taking place in the Clinton camp. Apparently, the 4 main strategists are not working well together. Add in that BillyJ was apparently in a screaming match with some of them over Hillary’s falling poll numbers. Too bad, the opposition doesn’t have hidden cameras there.]
Inflate or die
Maybe Buffet can explain to Hillary! how she made the $100,00 in cattle futures.
I was hoping someone would STAND UP & ask her that question.
If death taxes and estate taxes are eliminated, he is out of business. Thats why
And the REPUBLICANS are the “party of the rich”???!!!
The democRAT mantra: "Tax the productive, buy the deadbeat's vote".
Some successful business men/women back collectivist in order to stifle competition.
That’s right he buys family firms that are sold to pay taxes. I see he is not giving him money to the government on his death but a foundation run by Bill Gates. Someone should call him on it.
His father was a congressman who opposed civil rights in the 50’s. He didn’t agree with his father and he married a super-liberal, who recently died. She picked the candidates while he picked the stocks. He has so much money, I don’t think he understands how the rest of us live. He also talks about how his secretary pays more taxes than he does—and he thinks that the rates should be higher so he would have to pay more taxes. What about the poor secretary? How much is Mr. Moneybags paying her? Typical liberal hypocrisy. Typical liberal trying to micromanage everyone else’s money and life.
“I got mine” syndrome. So he needs to protect the current system to keep his.
Why does buffet oppose eliminating inheritance taxes? because he sells a life insurance policy which pays the death tax for people upon death.
no death tax, no death insurance tax profits.
Yes, but old Warren has seen fit to assure himself that his own personal billions will never be touched by the government. He has promised his estate to the Gates Foundation Trust which is 501(c)(3) and contributions to it are completely tax exempt.
Buffet has also taken the public position that his own children will not inherit his billions. But he fails to say that they each run their own "charities" financed by generous contributions from Daddy Warbucks Buffett. These charities will assure the Buffett offspring can live in luxury as administrators of billion-dollar foundations - at an extremely comfortable stipend.
He's seen to it that his children will not inherit the estate directly but will have the use of the cash without the cumbersome tax implications. It's a sweet deal and smart to get the money away from a wasteful government, but it is infuriating to see him posture and dissemble about his preference to retain estate taxes while he schemes to avoid them at all costs.
Bill Gates, BTW, also favors retaining the estate tax while sheltering his fortune from it.
What does Clinton the former first lady and lawyer know about the economy? In my opinion ..nothing.
Somebody in NY needs to check so see if a Trust is listed as the owner of Bill and Hillary’s house. My guess is that they have a Trust and Chelsea is the heir.
She wants to tax someone else’s money..not her’s.
I don’t see any record for Trust:
CLINTON WILLIAM J 2nd 1999/11/03 12422/00221 DED NEC WEISBERG JEFFREY A N P00499307
CLINTON WILLIAM J 1st 1999/11/03 26320/00026 MTG NEC PNC MORTGAGE COR.. Y P00599307
CLINTON WILLIAM J 1st 2001/11/29 / PAT MIS MILLS CHERYL D N 413320491
CLINTON WILLIAM J 1st 2001/12/19 / RAG NEC CITIBANK N A N 413380602
CLINTON WILLIAM J 2nd 2001/12/19 / RAG NEC CITIBANK N A N 413380602
CLINTON WILLIAM J 1st 2003/12/26 / PAT MIS BD MGR OF APPLEH.. N 433290834
CLINTON WILLIAM J 1st 2003/12/26 / PAT MIS MILLS CHERYL N 433290614
CLINTON WILLIAM J 2nd 2003/12/26 / DED MTP HABER RICHARD N 433290827
CLINTON WILLIAM J 1st 2003/12/26 / MTG MTP CITIMORTGAGE INC Y 433290839
CLINTON WILLIAM J 1st 2004/07/08 / DED MTP HECHT IRENE N 441621829
CLINTON WILLIAM J 1st 2004/09/30 / STM MIS CITIMORTGAGE INC N 442370394
http://ccpv.westchesterclerk.com/DocumentSearch.asp?SP=NS&LastName=CLINTON&FirstName=WILLIAM+J
Bill Gates, BTW, also favors retaining the estate tax while sheltering his fortune from it.
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