The New Clarion

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It Just Goes to Show –

January 19th, 2009 by Chuck · 3 Comments · Politics

In this article, Warren Buffett opines:

Buffett’s interview centered on President-elect Barack Obama and the tough task he faces in fixing the U.S. economy.

“You couldn’t have anybody better in charge,” the Omaha resident said of Obama, who’ll be sworn into office on Tuesday.

As one of Obama’s economic advisers, Buffett said the president-elect listens to what his advisers say, but ultimately comes up with better ideas.

He predicted that Obama will be able to convey the severity of the economic situation to the American people and explain their part in alleviating it.

Which proves that a man can be brilliant in one area of existence, such as investing, while being totally ignorant in others, such as politics, government, and philosophy.

3 Comments so far ↓

  • Mike N

    “He predicted that Obama will be able to convey the severity of the economic situation to the American people and explain their part in alleviating it.”

    In other words, what kind of sacrifices the people will be required to make to those who are collecting them.

  • Ken

    Yeah. That brings up a whole passel of images, few of ’em good.

    Upon further review, make that none of ’em.

  • Burgess Laughlin

    Amidst an onslaught of new forms of aggression, some particular reductions in taxation and easing of controls (“regulations”) might appear under the Obama administration.

    If they do, it won’t be because of any principles which President Obama holds, but because of the actions of some individuals (perhaps Buffett himself) who are appointed to certain committees in certain places and certain times. Even then, those individuals may not be acting on objective principle–but simply on an informed version of pragmatism because they know some industries will die if particular controls aren’t loosened. Their motives may be pull-peddling or fear of disaster, but some (unprincipled) slight and narrow increases in freedom might occur.

    If so, perhaps 10 or 20 years from now, an objective historian–or today, a specialized and dedicated weblog writer–might follow the individual footprints that will lead to the identity of the individuals who are responsible. Such political detection might be informative. It might help those–say, 20 years from now, if the Objectivist movement is successful–who become political activists for individual rights.

    In summary, I hope some individuals use a microscope and watch one or another act in Obama’s circus and come to know that act so well they can explain what happens (for good or ill)–and not just rant against the results.