Posted on 02/16/2013 7:51:11 AM PST by ExxonPatrolUs
Buffet is getting in on buying American.
There is still a whole lot of FReepers ready to sell out America if it means 2 cents more in profits.
Meanwhile China grows, and grows. And grows. Now China is the world’s largest exporter. America is number two now, and falling.
Buffet is ahead of the curve. He sees a fight for national supremacy looming, which we are utterly unprepared for at present.
The sides are changing. I pick America.
So evidently does Buffet.
Buffett is used by the administration to establish confidence in unstable markets. He is one of the new American oligarchs; privy to insider information, sweet deals and too big to fail.
GM is probably also worth more in parts than it is as a whole entity. By buying into it, if GM should face another round of bankruptcy, it could be sold off for parts easily enough.
That’s what should’ve happened the first time around.
This is a payoff, make no mistake that Buffett is in this for the money he can make and has nothing to do with stabilizing anything. He’s another buttboy for der Fuehrer. The two of them mutually benefit and the rest of us pay and or have paid for it through taxes.
Well, you know if that happened, the unions wouldn’t have gotten their cut. That was a priority with the administration at the time.
Now, tha the unions have maximized their benefits from GM, it can be cut loose and perish.
Not to mention the GM bond holders.
They should pitch tents in Buffet’s front yard in Omaha.
No mention of the Volt. Maybe it’s destined for Edsel row and that’s why investors are interested again.
Well, his Omaha front yard doesn’t have a very big yard anymore but it would be good to make the point.
Extreme Bovine Excrement.
Buffett is playing a curve. GM is making a profit only because of government propping. At some point the government will cut that support and then union greed will be allowed to finish what it started. I’m sure Buffett will dump his stock at a profit before that happens.
Buying GM isn’t about buying American, it’s about supporting Obama and the union/communists.
I remember my professor explaining “The Rational Man Theory Of Investing”. Then, he told us it doesn’t work because people aren’t rational. George Soros made his billions by understanding this. There is no rationality in how people decide to buy cars. I don’t even need to look at the signs at the gas stations to know what the price of gas is doing. I just drive by our local Chevy dealer. If gas prices are going down, the pickups and Suburbans are parked up front. If the price of gas is going up, the little cars come to the front of the lot.
No doubt Buffet’s private security would stop the first tent stake from being pounded in...
Pay no attention to the man behind the curtain...
IMHO?
Another slight of hand about to occur to make it look like it has recovered? Something to make it look like a "value" stock that all Seniors are clamoring for since Treasuries ain't paying squat?
My guess? They could be considering paying a dividend.
But how would Warren know that? :-)...
He’s going to force all of the Heinz executive to drive Volts.
Really? And what are they gonna do about that Mil-Stone called Opel?
I think you are exactly right. WB is savy to a fault, he knows how to cultivate to his advantage, for now he is cultivating nobama. Buffet is always first for Buffet, somewhere next he’s for America. The big question is, is (funny how those two words together generate a grin) he helping the socialists or using them. I suspect he is using them and they being somewhat less asstute think they are using him.
Regardless of WB’s ultimate intent, its still makes me uncomfortable.
Well you’ll certainly find plenty to agree with then, on this site.
I am taking a conspicuously minority view here. But I take it from strong personal principle:
We have become part of the problem. We need to be pro-American.
I’ll repeat that. We need to be pro-American.
Not pro-Republican or pro-Democrat. That is the problem now, both sides are anti-American.
Everyone is sold out.
America shrinks, spends more then she has, and is on a fast track to historical irrelevance if we do not turn (dramatically) around and start to support the USA first.
In my opinion that is what Buffett is doing. Ahead of the game. He sees the way we are heading, and is buying American.
I support him 100% in this.
Whatever I may criticize Buffett for (not a lot on this site, but quite a lot for his sell-out to Obama) I am with him 100% for buying American.
We are headed toward a conflict of some sort. China is rapidly growing, keeping all their production to Chinese control. Even the joint ventures, are 51% Chinese and all manufacturing there is done domestically.
The game is rigged. We have largely, allowed that, so now we have to fix that.
That is my own personal opinion. It seems to be a seriously minority view here on FR, but I hold it more strongly by the day.
We must change. Especially the GOP. Now.
I hate GM. But I bought it too at 22 and sold it at 25.
They extinguished 100 billion in debt due to bankruptcy.
The US govt. is their partner and will not take aggressive regulatory action against it.
Obama will keep it a float at all costs for his legacy.
It is too big to fail.
It is too politically connected to fail.
It is a really sucky company but it won’t go bankrupt before the US govt. goes bankrupt.
I would recommend you buy it back, but I don’t know.
Don’t want the responsibility that comes from a recommendation like that.
However things have simply got to change. In a very big way. As in big.
I will not recommend any financial moves though.
Prepare for change. That I will say.
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