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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: NativeNewYorker
"...Warren Buffett will be the financial and economic adviser..."

Good financial advisor, but on economics, especially macro, Arnold would do as well hiring his butler or cook for advise. Buffett will even admit he knows nothing about economics and doesn't pretend to. Then again, how important it is for a state governor to have good economic advisors? He's not going to be messing with monitary or trade policy. He just has to figure out how to keep the bond markets from shutting him down. Buffett may be helpful there.

61 posted on 08/13/2003 12:29:26 PM PDT by Ditto ( No trees were killed in sending this message, but billions of electrons were inconvenienced.)
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To: Miss Marple; Dane
Warren Buffett will be the financial and economic adviser to his political campaign,


To his political campaign is one thing..... to his as governor if elected is entirely something different.... I'd suspect Buffett isn't going to get tied down in the day to day of CA politics to the point of being Arnolds advisor long term. To give him some advice during the campaign is all together different.
62 posted on 08/13/2003 12:29:29 PM PDT by deport
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To: Registered
No picture?
63 posted on 08/13/2003 12:29:40 PM PDT by Protagoras (Putting government in charge of morality is like putting pedophiles in charge of children.)
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To: Torie; Sabertooth; kellynla
Hold on to your wallets because the Whoreacle of Omaha is coming to visit your local bank! :(
64 posted on 08/13/2003 12:29:54 PM PDT by Pubbie (Bill Owens for Prez and Jeb as VP in '08.)
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To: EternalVigilance
I agree. This is a disaster. The guy has made billions, but wants no one else to have any. He opposed the tax cuts. I liked Arnold, but this was a stupid move.
65 posted on 08/13/2003 12:30:08 PM PDT by LS
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To: Pubbie
Arnold will do something Davis has recently been unable to do: raise taxes.
66 posted on 08/13/2003 12:30:45 PM PDT by Austin Willard Wright
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To: NativeNewYorker
The only benefit of Arnold is that he will have an "R" after his name...unforutately the "R" is for RINO.

DD

67 posted on 08/13/2003 12:31:22 PM PDT by DiamondDon1
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To: onyx
but I admire his monetary genius!

Never confuse brains with a bull market.

68 posted on 08/13/2003 12:31:33 PM PDT by Protagoras (Putting government in charge of morality is like putting pedophiles in charge of children.)
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To: NativeNewYorker
A ploy to get Hollywood Democrat votes? Buffett doesn't dispense economic advice, does he?It's not his bag, nor does he have a track record of being a good economic prognosticator.

It's politics, if true.
69 posted on 08/13/2003 12:31:54 PM PDT by habs4ever
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To: Brian S; All
Buffett is window dressing. Let me know when Aunold presents a platform and/or solutions to the problems in Sacramento. Finally, we want DEBATES, Aunold. You can run for governor but you can't hide behind Pete Wilson, Warren Buffett and Maria! Aunold is "pro-gun control, pro-abortion, pro-homosexual adoption, pro-social programs" What's the difference in Aunold and Bubba besides party affiliation? Only 55 days 'til we DUMP DAVIS and we still don't know what Aunold's platform is! Vote 4 MCCLINTOCK or pay the consequences! http://www.tommcclintock.com
70 posted on 08/13/2003 12:31:55 PM PDT by kellynla ("C" 1/5 1st Mar. Div. An Hoa, Viet Nam '69 & '70 Semper Fi)
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To: onyx
Published on Wednesday, May 7, 2003 by the Madison Capital Times
Capitalism & Conscience
Editorial

That's because, with his recent suggestions that capitalism should have a conscience, Buffett is "off message." Instead of letting his greed get the better of him and endorsing the president's proposal to cut another $550 billion in taxes for the super-rich, Buffett rejected the scheme as the madness that it is.

"I am not for the Bush (tax) plan," Buffett told the crowd in Omaha. "It screams of injustice."

Buffett objected to the inherent unfairness of President Bush's plan, which he said "will result in us (himself and Munger) giving a smaller percentage of our income to Washington than the people who work in our shoe factory."

Buffett and Munger rejected the suggestion that the tax cuts would strengthen the economy. "This is not going to stimulate the economy. It will stimulate us," Buffett said, referring to his wealthy partner and himself.

The U.S. economy, notes Buffett, has been in a recessionary cycle for the past two years - a period roughly parallel to the time since Bush's first round of tax cuts for the country club class were enacted.

Vote For a liberal, get a Liberal.

71 posted on 08/13/2003 12:32:05 PM PDT by Afronaut
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To: DPB101
This is most puzzling, as the last word I had was that Friedman and Kudlow WERE going to be the economic advisors.
72 posted on 08/13/2003 12:33:28 PM PDT by LS
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To: Austin Willard Wright
Buffet has been retained as a financial and economic advisor "to his campaign."


73 posted on 08/13/2003 12:33:35 PM PDT by onyx (Name an honest democrat? I can't either!)
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To: NativeNewYorker
The other consideration is that he will use Buffett's extensive knowledge of the electric ultility industry(and monolply in the West) to try to turn around California's energy mess.I sure hope this isn't going to lead to firesales whereby BH gets first dibs...
74 posted on 08/13/2003 12:33:48 PM PDT by habs4ever
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To: LS
I liked Arnold, but this was a stupid move.

You must have liked his advocacy for government run babysitter programs. They have been quite popular with liberals and Democrats for several generations.

75 posted on 08/13/2003 12:34:01 PM PDT by Protagoras (Putting government in charge of morality is like putting pedophiles in charge of children.)
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To: Miss Marple
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.

Dang. When you voiced your disapproval of this at the top of the thread, I was going to pipe up and predict that before the thread got very long you would be defending it. But I was a good boy.

Ah, the missed opportunities in life...

76 posted on 08/13/2003 12:34:26 PM PDT by EternalVigilance
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To: Protagoras


77 posted on 08/13/2003 12:34:39 PM PDT by Registered (77% of the mentally ill live in poverty, that leaves 23% doing quite well!)
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To: LS
This could be about energy...
78 posted on 08/13/2003 12:34:58 PM PDT by habs4ever
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To: Afronaut
Nice try. Buffet is not on the ballot and if you actually READ this announcement you will see that Buffet has been retained as a financial and ecomonics advisor to "his campaign."
79 posted on 08/13/2003 12:35:42 PM PDT by onyx (Name an honest democrat? I can't either!)
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To: habs4ever
I don't recall Buffett playing in the electric utility market.
80 posted on 08/13/2003 12:36:15 PM PDT by NativeNewYorker (Freepin' Jew Boy)
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