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Buffett Recruited as Schwarzenegger's Economic Adviser
Bloomberg no url | 8/13/3

Posted on 08/13/2003 11:57:30 AM PDT by NativeNewYorker

Aug. 13 (Bloomberg) --Arnold Schwarzenegger, the actor who is running for governor of California, said billionaire investor Warren Buffett will be the financial and economic adviser to his political campaign, the campaign said in a statement.

Buffett, the world's second-richest man, has built a fortune buy buying companies through his company, Berkshire Hathaway Inc. Debbie Bosanek, Buffett's assistant, didn't immediately return a phone call seeking comment.


TOPICS: Front Page News; Politics/Elections; US: California
KEYWORDS: 1eternalvignotincali; arnold; california; iwantsimon; mcclinton; mcloser; mcmarginalized; nativenewyorkeridiot; schwarzenegger; schwarzenrino; simonsezvote4me; tedschwarzenkennedy; terminatedavis; tommcvictory; tomwho; warrenbuffett; whoreacleofomaha
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To: Smogger; PeoplesRep_of_LA; ElkGroveDan; onyx; Sabertooth
ping
41 posted on 08/13/2003 12:19:44 PM PDT by niki
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To: Brian S
See post #27

I did and the Bloomburg report is pure rumor, notice the last sentence of the below passage of the link you provided in reply #27.

Warren Buffett Will Be Schwarzenegger's Economic Adviser, Campaign Says

Aug. 13 (Bloomberg) --Arnold Schwarzenegger, the actor who is running for governor of California, said billionaire investor Warren Buffett will be the financial and economic adviser to his political campaign, the campaign said in a statement.

Buffett, the world's second-richest man, has built a fortune buy buying companies through his company, Berkshire Hathaway Inc.

Debbie Bosanek, Buffett's assistant, didn't immediately return a phone call seeking comment.

Notice the lack of a link to an "official" statement(could be a web hoax), and the silence by Buffet's spokesperson.

42 posted on 08/13/2003 12:20:29 PM PDT by Dane
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To: NativeNewYorker
He's a financial advisor (if this is true) not an advisor on social issues like abortion. The second-richest man in the world just might have some good ideas to help salvage California. And he made his fortune himself. I don't like Buffet but he may have something beneficial to contribute on the most desperate of all issues for the state.
43 posted on 08/13/2003 12:20:31 PM PDT by BonnieJ
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To: Dane
Oh my...got carried away with my "rumor mongering" and meant post #30!
44 posted on 08/13/2003 12:20:36 PM PDT by Brian S
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To: Afronaut
I take it you are addressing me. I don't have a dog in this hunt. I live in Indiana.

I am not thrilled with Warren Buffet, but the fact remains he does understand the bond and stock market. He's a democrat and outspoken in disliking the tax cuts the President passed.

So, we will see what happens. For the vast majority of voters, this will add weight to Arnold's candidacy, since if they know Buffet at all, they know him as a smart rich guy. Very few know of his political leanings or his stand on abortion.

45 posted on 08/13/2003 12:22:13 PM PDT by Miss Marple
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To: BonnieJ
I think Ivan Boesky is more qualified.
46 posted on 08/13/2003 12:22:38 PM PDT by ambrose
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To: Dane
Schwarzenegger hires Warren Buffett as campaign adviser

Wednesday, August 13, 2003
©2003 Associated Press

URL: http://www.sfgate.com/cgi-bin/article.cgi?f=/news/archive/2003/08/13/national1519EDT0659.DTL

(08-13) 12:19 PDT LOS ANGELES (AP) --

Arnold Schwarzenegger has hired Warren Buffett as his senior financial and economic adviser, his campaign announced Wednesday.

Buffett is a billionaire investor legendary for his financial prowess. The chairman of Berkshire Hathaway is also a Democrat.

"What he will be doing is assembling other prominent business leaders and economists and setting up a team to address the issues facing California," said Schwarzenegger spokesman Sean Walsh.

"I have known Arnold for years and know he'll be a great governor. It is critical to the rest of the nation that California's economic crisis be solved, and I think Arnold will get that job done," Buffett said in a statement.

Buying at low prices into well-known, solid companies, Buffett built Omaha, Neb.-based Berkshire into a huge conglomerate with a market value of more than $80 billion that owns insurance, restaurant, furniture and shoe companies. Buffett generally avoids high-tech companies, arguing he cannot tell which will be usurped by advances in technology.

©2003 Associated Press  

47 posted on 08/13/2003 12:22:49 PM PDT by Brian S
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To: All
Yaaaaawwwwn.
48 posted on 08/13/2003 12:22:58 PM PDT by Registered (77% of the mentally ill live in poverty, that leaves 23% doing quite well!)
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To: Hildy
(1) Whether or not a person thinks slaughtering innocent children is a good idea is THE indicator of whether or not they are socially conservative.

Many Republicans insist on voting for a person who has a conscience.

(2) Warren Buffett is NOT a fiscal conservative.

HE OPPOSES TAX CUTS.

HE SUPPORTS ALL GREAT SOCIETY SOCIAL PROGRAMS.

HE SUPPORTS ESTATE TAXES.

HE SUPPORTS PROPERTY TAXES.

Before you keep saying Buffett represents "our" point of view, examine what "our" means in the context of FR.

49 posted on 08/13/2003 12:23:48 PM PDT by wideawake (God bless our brave soldiers and their Commander in Chief)
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To: NativeNewYorker
Link?
50 posted on 08/13/2003 12:24:01 PM PDT by kellynla ("C" 1/5 1st Mar. Div. An Hoa, Viet Nam '69 & '70 Semper Fi)
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To: Registered
Whaddya mean?
51 posted on 08/13/2003 12:24:16 PM PDT by B Knotts
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To: Brian S
Oh my...got carried away with my "rumor mongering" and meant post #30!

Uh show me the "official" statement that Bloomberg, states that it has in it's "possession" about Buffet.

JMO, I don't believe that I will see one.

52 posted on 08/13/2003 12:24:20 PM PDT by Dane
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To: NativeNewYorker
Weeeewww! I thought for a moment there La La land was going to get Margaritaville.
53 posted on 08/13/2003 12:24:23 PM PDT by bert (Don't Panic!)
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To: kellynla
copied/pasted off closed system. link impossible.
54 posted on 08/13/2003 12:25:27 PM PDT by NativeNewYorker (Freepin' Jew Boy)
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To: BonnieJ
He's a financial advisor (if this is true) not an advisor on social issues like abortion.

Will a financial advisor have a say in recommending that California fund Planned Parenthood or not? What would Buffett suggest if asked for his financial advice? (Hint: he is perhaps the largest personal contributor to Planned Parenthood).

55 posted on 08/13/2003 12:26:15 PM PDT by wideawake (God bless our brave soldiers and their Commander in Chief)
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To: BonnieJ
The second-richest man in the world just might have some good ideas to help salvage California.

Like what? Everything I know he's said indicates just the opposite. He is just another wealthy CEO who thinks squeezing the middle class is the road to riches (and it is, for them).

Milton Freidman, Larry Kudlow and other supply siders know how to fix California. It is no big secret what to do.

56 posted on 08/13/2003 12:26:37 PM PDT by DPB101
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To: niki
I detest Warren Buffet personally and politically, but I admire his monetary genius! Kalifornia, as you know, is in serious deficit!
57 posted on 08/13/2003 12:27:26 PM PDT by onyx (Name an honest democrat? I can't either!)
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To: Dane
This is also being reported on Fox. I don't think it is a rumor.

Well, we will see what happens. My guess is that to the pepople for whom this matters, they are mostly in the Simon or McClintock camp. The rest of the Arnold supporters won't care, because they don't even know who the guy is.

I must admit that this would cause me to look very closely at position papers on Arnold's economic policy. Fortunately, I don't have to make a decision about this, since I am not a Californian.

58 posted on 08/13/2003 12:28:32 PM PDT by Miss Marple
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To: DPB101
Exactly. If this doesn't convince FReepers that Ahnold is not the savior of California, I don't know what will. Whatever he may have once been, he has apparently become a big liberal after being in the Kennedy clan for too long.
59 posted on 08/13/2003 12:28:34 PM PDT by B Knotts
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To: onyx
You mean another financial genius like Bloomberg the mayor of New York?
60 posted on 08/13/2003 12:29:18 PM PDT by Austin Willard Wright
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