The final word on the economy, as it pertains to..

[DaBurglar]

....the presidential debate.I have to admit even I did not think of things in the way Warren Buffet puts them in this article, but it should really be the final word on the economic portion of this absurd presidential "race" unfolding in front of us.......I would not deign to disagree with Buffet on anything in his wheelhouse, and I am sure those of you out there will feel the same.Read:   https://www.yahoo.com/finance/news/buff ... ector.html

[edog743]

I prefer Jimmy Buffet myself.

[Casino Knight]

The best buffet in Vegas is the Sterling Brunch Buffet at Bally's. Pricey to say the least, if you can't get a comp.

[olds442jetaway]

I agree with some, but not all. We can't even identify our own enemies now days. Younger people, at least up here, cannot afford a decent rent when starting out on their own. That is why so many still live with mom and dad. I also think the O printing press which is constantly spitting out new US currency will stop at some point. He also was and may still be a big supporter of O and for that reason alone, I question. What is the latest new saying....It is what it is...we will find out soon enough good or bad.

[notes1]

-he is a life long dem and a supporter of obama and hillary-he is opposed to minimum wage increase that dems support-he is against the national debt increases that are taking place-while an advocate for higher tax rates, but he is in a multi year battle with the IRS over he own companies taxes. -he helped fund a recent tax inversion for burger king, against a major dem talking point.-says he is not leaving his kids money, but put them in charge of huge charitable foundations, that will pay them a seven figure income.-he is opposed to the canadian pipeline while having a big ownership in railroads. no conflict there. he is an expert on stock investing.  no fan of obama, but cannot blame him or any president for money printing. that is the federal reserve/treasury printing all those dollars. the FED are the same group who set interest rate policy (that lead to the borrowing bubble), regulate the banks (did a great job there) and are buying much of the debt that our own country issues. and, they do it all, without ever being audited.

[DaBurglar]

-he is a life long dem and a supporter of obama and hillary-he is opposed to minimum wage increase that dems support-he is against the national debt increases that are taking place-while an advocate for higher tax rates, but he is in a multi year battle with the IRS over he own companies taxes. -he helped fund a recent tax inversion for burger king, against a major dem talking point.-says he is not leaving his kids money, but put them in charge of huge charitable foundations, that will pay them a seven figure income.-he is opposed to the canadian pipeline while having a big ownership in railroads. no conflict there. he is an expert on stock investing.  no fan of obama, but cannot blame him or any president for money printing. that is the federal reserve/treasury printing all those dollars. the FED are the same group who set interest rate policy (that lead to the borrowing bubble), regulate the banks (did a great job there) and are buying much of the debt that our own country issues. and, they do it all, without ever being audited. Ok......while I cannot say I agree or disagree with anything you added here because, well, I admittedly missed the point of your post......The only one I am not sure about is the remark about the guy's  "KIDS" (all of who are well into their 40s and 50s, I think....)    Buffet is worth many many many BILLIONS, so I do not have a problem with the guy leaving a JOB to his kids that pays a few MILLION....chump change in the grand scheme of Buffets vast fortune, which he is essentially giving away when he dies......Even if he claims to be a democrat, as you aptly demonstrated HE is not afraid to point out where the democrats are wrong, or to disagree with them, which is very refreshing.    Likewise, he points out and demolishes almost ALL republican economic viewpoints (i.e.  SUPPLY SIDE Voodoo  absurdity policies.....)   His opposition to the Debt increases is of course conditional on the USA actually balancing a budget and reigning in both spending while increasing revenues.....BUFFET is the guy who clearly explains to anyone who will listen that in order to put any kind of DENT into the National debt,  the US government MUST (1)  stop its spending on pointless wasteful things (like many defense programs, outdated farm subsidies, and a whole slew of "PORK" programs that get added into the fine print at the last moment whenever a Federal fiscal year budget is passed....and (2)  Increase revenues, which means increased taxes but not exclusively....Buffet is very creative when it comes to identifying ways to increase revenues through tarriffs, surcharges, and other Non-tax measures......making people pay EVEN MORE for things like cigarettes is always a popular measure and is a win-win proposition!Too bad the guy is 85, if he were 15-20 years younger he realistically could run for prez

[DaBurglar]

no fan of obama, but cannot blame him or any president for money printing. that is the federal reserve/treasury printing all those dollars. the FED are the same group who set interest rate policy (that lead to the borrowing bubble), regulate the banks (did a great job there) and are buying much of the debt that our own country issues. and, they do it all, without ever being audited. I personally Agree 100% with this statement notes1, but I also must extend your logic expressed here further to support a point of my own that I raised recently in a different thread .......NAMELY,  where you and I were debating the National DEBT and the relationship that a P O T U S  (ANY US President, past and present, as well as future)  actually has to the RESPONSIBILITY and CULPABILITY (i.e. "Blame") of the accumulation of such massive debt & deficits.Above, you correctly pointed out that the Federal Reserve Board sets monetary policy , and therefore, the "FED" must accept the burden of guilt or credit for the results of the actions and policies that it sets ...... however, we all must accept the fact that the "FED" is indeed accountable to, and is supervised by, a CONGRESSIONAL Oversight Committee (which utilizes the GAO primarily in carrying out this oversight, but it can use any and all other means to carry out its function), and many of the various positions in the FED are appointed by the President, and approved by congress (similar to the judiciary process:  POTUS appoints, congress confirms) ..... all of this exists  as part of the "checks and balances" inherent in the American system of governing detailed in the US Constitution!My point is that a reasonable and intelligent person such as yourself must resist demogoguery and false logic & reasoning...... as tempting as it is to try and simply BLAME a single person, or small group of individuals (like the current POTUS, or the democrats currently in congress) for a situation like the current $19 TRILLION (USD) and counting NATIONAL debt, it can be dangerous to do so because it avoids tackling the REAL, truly complex and serious issues and causes  of the problem and induces in people a false sense of accomplishment and empowerment that makes it impossible to implement REAL & lasting fixes!

[Francois]

You Americans are in real trouble. If you question that after this ring of circus animals, one of whom will be your next president, you are fools. But that is already apparent.

[DaBurglar]

You Americans are in real trouble. If you question that after this ring of circus animals, one of whom will be your next president, you are fools. But that is already apparent.where are you from Francois?   From whence do you hail?   What do you believe is the greatest single advantage YOUR country (whatever it is) has over the USA?       I am genuinely asking and would enjoy reading your answers......despite your initial hostility I would like to try to get along with you .... is that possible?