Warren Buffett offered his pearls of wisdom on the economy this morning, carrying about as much influence as Alan Greenspan in his heyday.
YEAH WE KNOW HOW TO DO IT WARREN
The problem with that is, both of these old dudes, with all due respect, know everything about the old economy that made them rich and ruined the USA. So if we are to learn anything from these golden trolls, it is what not to do if we want a healthy economy. If we want a handful of corrupt corporate entities controlling all the money and policy in the world , then we’ll listen to these guys.
Furthermore, Buffett, as rich and all-seeing and all-knowing as this wizard is, is a total liar and completely full of shit. Here he illuminates the problems with US healthcare with relation to the economy, but he owns companies that bundle and sell bogus health care policies. So Berkshire-Hathaway has been knowingly and continues to contribute to the very imbalance that he himself decries!
Buffett may very well be sincere in his evaluation of the health care quagmire, but his revelations are old news. Reform advocates, most notably those for single-payer, have long ago shown this system to reduce the unnecessary costs that plague the country. But Buffett is full of shit when he says he doesn’t like these unnecessary costs, because these are the same costs that have been lining Buffett’s pockets along with millions of other dirtbag brokers who don’t do jackshit all day long while reaping rewards with multiple zeros attached.
So The Exploited Times says fuck the hypocrite Warren Buffett and all his corrupted money, and same to Bill Gates and his phony philanthropy efforts to reclaim his conscience from a grave of guilt. Both of these dicks are full of shit and will have nothing but gold-plated legacies that history will show contributed to the demise of their countries - all for greed, hypocrisy and power.
This from the all mighty Buffett earlier today:
‘Buffett said health care costs are a major drain on U.S. businesses that put them at a competitive disadvantage. He said America’s health care system needs fundamental reform to attack costs because it’s not practical to continue devoting roughly 17 percent of the nation’s gross domestic product to health care.
Buffett said much of the rest of the world is paying about 9 percent of their GDP on health care and have more doctors and nurses per person.’
Oh thanks Warren. How much of that 17% is in your portfolio? Why then don’t you dismantle your insurance policy bundling operations that have built this fucked monster on which you prosper?
It’s a rhetorical question.
This entry was posted on Monday, March 1st, 2010 at 7:47 pm and is filed under news commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.