Buffett: S&P Downgrade ‘Doesn’t Make Sense’ (Democrat Buffett owns Moody's rating service...)

Wall Street Pit ^ | 8/6/11 | Liz Claman

[jimbo123]

Chairman and CEO Warren Buffett told the FOX Business Network that S&P’s downgrade of the United States’ triple-A credit rating “doesn’t make sense.”

“I don’t get it,” Buffett told FBN late Friday night. In fact, Buffett reaffirmed his belief in the quality of the United States’ credit telling FBN, “In Omaha, the U.S. is still triple A. In fact, if there were a quadruple-A rating, I’d give the U.S. that.”

[jimbo123]

Funny how no one is talking about Warren Buffett and the fact that he is the largest shareholder in Moody's rating service, which refuses to downgrade Obama's debt orgy.

[stephenjohnbanker]

Yeah, funny....

The Idiot Savant of Omaha strikes again!

[devolve]

[CommieCutter]

Idiot Savant my arse. He’s just an idiot..period.

[PapaNew]

Buffett: S&P Downgrade ‘Doesn’t Make [political] Sense’ (Democrat Buffett owns Moody's rating service...)

All they know is politics. Economic theory, historical fact, rationality, and logic don't matter to these irrational "intellectual elites."

[Eva]

Buffett owns Moody’s???? Wow, I didn’t know that.

[trebb]

Warren is upset because he misjudged and lost another opportunity to make a killing off our backs...

[jimbo123]

Buffett owns Moody’s???? Wow, I didn’t know that.

Funny how demonRats and the liberal press don't like to disclose their conflicts of interest.

[Starboard]

Tell us Warren, how do you propose that the US pay off its debt? Truth is, neither he nor his pal Obama have any idea or any plan of how to do this.

[jimbo123]

Warren invested in Goldman Sachs after Obama promised him that he’d get Cap and Trade passed. After Obama failed to get Cap and Trade passed for Goldman, Buffett sold.

[stephenjohnbanker]

My personal opinion of Buffett is probably even lower than yours : )

[Leaning Right]

He’s just an idiot..period.

Either that, or Buffett is a flat-out liar.

Look, suppose the government inflates its way out of debt. A Buffett quote from the article:

"The U.S., to my knowledge owes no money in currency other than the U.S. dollar, which it can print at will."

Suppose this printing causes an inflation of, say, 20%. That would give the EXACT SAME result to bondholders as a government default of 20% of its payments.

If Buffett doesn't know that, he's an idiot. if he does, he's a liar.

[Georgia Girl 2]

Warren Buffett is just another Socialist Demorat. He has no credibility. Now I know why Moody’s has held off downgrading us.

[ilovesarah2012]

Buffett and his buddies will pay off the debt.

“The 400 of us pay a lower part of our income in taxes than our receptionists do, or our cleaning ladies, for that matter. If you’re in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent. Speaking at a $4,600-a-seat political fundraiser in New York, as quoted in “Buffett blasts system that lets him pay less tax than secretary”, Times Online, June 28, 2007.”

[RetSignman]

Like spider cancer, the socialist tentacles are spread everywhere except when the host body dies, it lives on.

[ken21]

ditto.

[glaseatr]

I think the old geezer has lost his mind. Were broke and he fails to see it.

[scooby321]

He is trying to crash the markets to make a killing.

[stephenjohnbanker]

Buffett has spent his entire life avoiding taxes. He probably pays some Pine St tax atty. $800.00 an hour. Yet he boosts Obama. A rotten human being, and his personal life has always been in shambles.

[Psycho_Bunny]

What doesn’t make sense is that the rating isn’t lower.

None of these rating agencies are credible.