Posted on 05/04/2020 8:14:32 AM PDT by JV3MRC
Liberal billionaire Warren Buffett apparently doesn’t believe that the coronavirus will cripple the might of the U.S. economy in the long-run. A prominent liberal business figure like Buffett voicing such sentiments provides ammunition to President Donald Trump, who also predicted that the economy is “going to make a very strong comeback.” Buffett stated during a virtual shareholder meeting that “‘Nothing can basically stop America,’” according to CNBC. “‘The American miracle, the American magic has always prevailed and it will do so again.’” The implication here (intentional or not) is that the current economy is robust enough to beat back the fallout caused by states shutting down their economies indefinitely.
(Excerpt) Read more at newsbusters.org ...
Buffet has lost billions, being part of the rat mission to destroy the economy may give him pause.
He could be in trouble now. Dems don’t like when one of their own goes off the reservation.
This article is a little deceptive. Buffett also talked a lot about the Great Depression and how it took 22 years for the Stock Market to recover.
Yes, bet on America, he said. But realize that some bets can take a long time to pay off. He specifically said he didn’t know how bad our current economic troubles could get and how long they’ll last
For me, It was a disturbing talk. I had hoped for his usual brand of optimism and instead he was unusually somber
This article doesn’t tell the full story about Buffetts talk on Saturday. Yes, he said America will come back. But he talked a lot about the Great Depression. We came back from that, he pointed out - but it took decades. He explicitly said that he can’t be sure how long it will take to come back from the troubles we’re now encountering.
I noticed that he praised Dr. Fauci, his ‘good friend Bill Gates’, and ‘both houses of congress’ but avoided mentioning anyone else in politics.
Do billionaires really think ultimately being rich can coincide with socialism? Capitalism is far from perfect but the relationship of rich and liberal is bizarre and a convenient relationship.
Probably only saying that because this stock is down $8,000 today.
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