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Buffett: S&P Downgrade ‘Doesn’t Make Sense’ (Democrat Buffett owns Moody's rating service...)
Wall Street Pit ^ | 8/6/11 | Liz Claman

Posted on 08/07/2011 7:56:25 AM PDT by 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.”

(Excerpt) Read more at wallstreetpit.com ...


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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.
1 posted on 08/07/2011 7:56:28 AM PDT by jimbo123
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To: jimbo123

Yeah, funny....

The Idiot Savant of Omaha strikes again!


2 posted on 08/07/2011 7:58:09 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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3 posted on 08/07/2011 7:58:18 AM PDT by devolve (. . . . . . . . . . . . Fat & Furious - Burger & Fries Queen*s 1700+ calorie lunches . . . . .)
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To: stephenjohnbanker

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


4 posted on 08/07/2011 8:02:21 AM PDT by CommieCutter (Promote Liberal Extinction: Support gay marriage and abortion!)
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To: jimbo123
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."

5 posted on 08/07/2011 8:02:34 AM PDT by PapaNew
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To: PapaNew

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


6 posted on 08/07/2011 8:03:53 AM PDT by Eva
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To: jimbo123

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


7 posted on 08/07/2011 8:08:04 AM PDT by trebb ("If a man will not work, he should not eat" From 2 Thes 3)
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To: Eva
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.
8 posted on 08/07/2011 8:08:17 AM PDT by jimbo123
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To: jimbo123

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.


9 posted on 08/07/2011 8:09:16 AM PDT by Starboard
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To: trebb

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.


10 posted on 08/07/2011 8:10:09 AM PDT by jimbo123
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To: CommieCutter

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


11 posted on 08/07/2011 8:10:35 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: CommieCutter
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.

12 posted on 08/07/2011 8:12:07 AM PDT by Leaning Right (Why am I carrying this lantern? you ask. I am looking for the next Reagan.)
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To: stephenjohnbanker

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


13 posted on 08/07/2011 8:14:06 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: Starboard

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.”


14 posted on 08/07/2011 8:16:40 AM PDT by ilovesarah2012
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To: jimbo123

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


15 posted on 08/07/2011 8:19:05 AM PDT by RetSignman (It's Summertime...the "Goebbles Warmers" are back from hibernation.)
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To: Georgia Girl 2

ditto.


16 posted on 08/07/2011 8:19:21 AM PDT by ken21 (ruling class dem + rino progressives -- destroying america for 150 years.)
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To: jimbo123
I think the old geezer has lost his mind. Were broke and he fails to see it.
17 posted on 08/07/2011 8:19:48 AM PDT by glaseatr (Father of a Marine, Uncle of SGT Adam Estep. A Co. 2/5 Cav. KIA Thurs April 29, 2004 Baghdad Iraq)
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To: glaseatr

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


18 posted on 08/07/2011 8:22:53 AM PDT by scooby321
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To: glaseatr; Georgia Girl 2

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.


19 posted on 08/07/2011 8:23:37 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: jimbo123

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

None of these rating agencies are credible.


20 posted on 08/07/2011 8:23:40 AM PDT by Psycho_Bunny (Public employee unions are the barbarian hordes of our time.)
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