What’s up… with Warren Buffett?

Investor Warren Buffett announced a massive investment in Bank of America today and the market responded. Marketplace Reporter Adriene Hill asks Senior Editor Paddy Hirsch whether Warren Buffett is his own economic indicator. For more stories: www.marketplace.org

Warren Buffett Dan Mitchell: goo.gl Forbes on Warren Buffett: t.co Mark Levin: t.co Tech Crunch on Warren Buffett: t.co Father with Hockey: goo.gl Perry and Treason: goo.gl Biden: goo.gl Tea Partier confronts Obama about Biden: t.co

37 Responses to “What’s up… with Warren Buffett?”

  1. vambo13257 says:

    Amazing that Buffett was at the white house and two days later he bails out Bank of America– what an old fraud!!

  2. dunk1978banker says:

    love your vids thanks for sharing.

  3. choobie12 says:

    Even if they are bad investments, what he does with them will allow them to take a shake out better then anyone else.

  4. mw4205 says:

    I like this dude

  5. WildPhoenix01 says:

    he got it at a cheap price what’s wrong with that

  6. pokkailo says:

    Its a different ball game for him. Even if the stocks is not performing. Bank is paying him for his new position. He knows that the Bernanke will be pumping money into it again. and he will get a fat check exactly like in goldman sachs…. repeating itself again…

  7. wanderingeyes11 says:

    wow unsubbed after this interview!!!

  8. kenji4861 says:

    Remember in 1929 when the market was about to collapse, the banks came in to pump it up. Once everything was normal, banks pulled out and the market collapsed. Just saying.

  9. TeamROH says:

    The media makes his investment more powerful…..

  10. czechys says:

    Maybe his trying to prop the market up from the recent downward trend, for ulterior motives…

  11. jetli80 says:

    in other words inside trading and we all get screwed in the end

  12. Faisdragon says:

    first yoooo!! but neways companies like BofA and Goldman Sachs are the ones that cause recession and all that….most importantly they do it Knowingly!

    something i learned from “the inside job”

  13. WingThaiJ says:

    Suggest everyone Google The Following & investigate THE INFORMATION provided for oneself:
    Eleven ways Warren Buffett is lying about Warren Buffett Thursday, Sep 22, 2011 at 11:50 AM EDT

  14. Otzmatron says:

    Dude I have no idea why you’re not endorsing Ron Paul just for the sake of being intellectually balanced. If you truly care, make a video recognizing Ron Paul’s fealty for real libertarianism.

  15. foundsheep89 says:

    I think the father did the right thing…

  16. foundsheep89 says:

    Totally agree…

  17. dotaonline says:

    @fwanksajerk Capital gains tax should also be increased. Big corporations need to pay more. Eliminating subsidies and tax loopholes. How come GE is earning Billions and paying no tax? Small companies don’t have to worry because the new taxes should be progressive. Tax rates would be higher in the upper income brackets. The first few millions won’t be taxed as much as the 100th one.
    You were assuming that he is fooling people but he is living modestly and giving most of his fortune to charity

  18. dotaonline says:

    @fwanksajerk Capital gains tax should also be increased! Big corporations need to pay more. Eliminating subsidies and tax loopholes. How come GE is earning Billions and paying no tax? Small companies don’t have to worry because the new taxes should be progressive. Tax rates would be higher in the upper income brackets. The first few millions won’t be taxed as much as the 100th one.
    You were assuming that he is fooling people but he is living modestly and giving most of his fortune to charity

  19. dotaonline says:

    @fwanksajerk Capital gains tax should also be increased! Big corporations need to pay more. Eliminating subsidies and tax loopholes. How come GE is earning Billions and paying no tax? Small companies don’t have to worry because the new taxes should be progressive. Tax rates would be higher in the upper income brackets. The first few millions won’t be taxed as much as the 100th one.
    You were assuming that he is fooling people but he is living modestly and giving most of his fortune to charity.

  20. fwanksajerk says:

    @dotaonline
    Of what relevance is your charity point? Besides the fact that he’s using it as evasion?

    Your last “paragraph” would insinuate that I’m somehow an apologist for them, but my initial comment should clearly show you and I are in agreement on that (anti-lobbying).

  21. LibertaerUeberAlles says:

    “Easy, tax more capital gains” — Easy as a walk in the park, but It won’t cause billionaires like Buffer to pay more, since most of his capital gains earnings stay within his corporation and never get cashed out as personal income. Only ordinary folks pay capital gains taxes.

    “Anyway he will give his fortune to charity.” — Too bad that Americans won’t benefit from his “charity.” But I’m sure that many people in South America and Africa will will enjoy the corporate enslavement that results.

  22. dotaonline says:

    @BlackRepublican2010 Easy, tax more capital gains. Anyway he will give his fortune to charity.
    America’s economy was worst under bush when he gave the tax cuts but was better under Clinton when the taxes were higher. Obama made the mistake of extending the tax cuts, the debt is now out of control.
    Recently Corporation profits have increased but not jobs. Trickle down effect and stats? Why have the number of poor people increased? Jobs? Third world labor is cheaper.

  23. BlackRepublican2010 says:

    @dotaonline Buffett says raise the income tax, which he is making under the “rich barrier”. Most of Buffett’s income comes from capital gains & dividends, so Buffett’s paying those rates 15-20 pct, and he wants others to pay 39%? LOL. And Berkshire owes back taxes! What a joke! Trickle down economics worked under JFK, Reagan & George W Bush until the real estate bubble burst (7/8 years job growth after the tech bubble burst). You’re claims are not based on facts.

  24. BlackRepublican2010 says:

    @dotaonline End the deficit by getting rid of all these big government programs stolen from the taxpayers’ pockets. Liberals need to learn its’ our money, not theirs!

  25. BlackRepublican2010 says:

    Obama raising the income tax saying it will raise revenues shows how ignorant Obama is about “rich people” (not all people remain rich their whole life)but Obama does not even pay attention to his own partner in crime, Warren Buffett. Buffett makes $100,000 a year salary,so his tax rate would not be impacted by an income tax hike.Furthermore, Buffett makes most of his money through capital gains & dividends, taxed at 15-20%.Buffett knows this, & his own company owes back taxes!NOBAMA!

  26. LibertaerUeberAlles says:

    @dotaonline
    As I’ve already said, oligarch Walrus Buffer can give as much money to “charity” as he wants. But first his tax-exempt “foundation” should be taxed in the US at ordinary income tax rates. Until then, he should stop pretending that he advocates increasing taxes on himself.

    You should really become more informed about taxes and their economic effects. You’ll see that it’s not as simple as you think.

  27. dotaonline says:

    1 It would be useless to write a check to the IRS so that the other rich people get bigger tax breaks. He wants all filthy rich people to contribute to a better educated and healthy citizen using better infrastructure.
    2 Was losing money and finally make a big income? business carry forward losses.
    3 The tax is about people who get MILLIONS in income
    4. You don’t want the Govt. to get the money? How are you going to solve the debt problem? by cutting spending on the average income earners?

  28. dotaonline says:

    @LibertaerUeberAlles Warren buffet is giving most of his fortune to Charity. To solve the debt problem, squeezing the poor or middle class who are fighting to survive won’t do. Both taxing the 2nd million of the rich and cutting spending is the best solution.

    The trickle down effect doesn’t work , tax breaks were given to huge corporations and you could barely see any job creation. Rich corporation horde money or invest overseas or give enormous bonuses to executives.

  29. dotaonline says:

    @fwanksajerk What barriers to competition? The increase in taxes is only if you are already earning in the millions. Oh! You can’t afford a bit more tax on your 2nd million.
    Watch the video, he told you how much tax he paid.

    The guy will give most of his fortune to charity, so who is the fool now?
    You want to talk about stifling competition, ask Rick Perry or Mitt Romney about the money they take in exchange for political/legislative favors to the rich corporation.

  30. samuils says:

    @SPGhettus I came across an interesting fact about MR. Buffett, apparently one of his companies owes back taxes, about a billion worth. Thought you wanted to know

  31. UTubekookdetector says:

    SPG: I also need to reiterate, it’s not the government’s money. It’s someone else’s. You want to go back to the Clinton rates? So you’re saying you want the bottom bracket increased by 50%, which would give the middle class & poor less disposable income. Are you a redistributor of income? A central-planner?

  32. UTubekookdetector says:

    SPG: Again, you leave out the fact that the rates in the 50s-60s, the top rates kicked in (adj. for inflation) at much higher income levels. GDP growth increased after the Kennedy tax cuts were passed. Clinton’s rates (and Reagan’s) were much lower than your “golden era” of the 50s-60s. Clinton cut the cap gains tax & benefited from the tech boom. As you know, the tech boom petered out in late 2000, economic growth stalled. Poorer economies grow faster, the growth in the 80s-90s was phenomenal.

  33. LibertaerUeberAlles says:

    @SPGhettus
    Wrong again. The reason my previous comments “don’t add up” is because you don’t understand the system from an analytic perspective.

    The few-million dollars billionaires withdraw (and pay personal income taxes on) is chump change for partying and hookers, whereas the bulk of income stays in their respective companies, free from personal income taxes. For smaller business owners, it is the inverse.

    That’s why TARP-receiving oligarchs like Buffer don’t mind high personal income taxes.

  34. LibertaerUeberAlles says:

    @SPGhettus
    Those weren’t just my “opinions.” Anyone can read the tax code, apply common economic sense, and see that increasing personal income taxes (irrespective of whether it’s on low- or high earners) harms local communities and favors globalist, TARP receiving oligarchs like Walrus Buffer.

    Sure, anyone can start a tax-exempt 501, but only billionaires can benefit by, e.g., “donating” software to Guatemala, thereby expanding their market share. Meanwhile, US taxpayers get screwed.

  35. stoicsquirrel says:

    @SPGhettus That’s not what I’m saying. STCG’s are taxed at the same rate as regular income. It’s the LTCG’s that has a different tax rate. The 28% you mentioned would only be for people making $82,251–$171,550.

  36. fwanksajerk says:

    @SPGhettus
    Check my reply to you on the other video.

    But so this isn’t redundant I’ll make some more points:
    You said 15% but it’s closer to 35% via “double” tax.

    Anyway you seemed to unintentionally validate my point. Of course he’s not worried on a raise on himself (should I bring up his tax-avoidance such as dodging estate tax?). It’ll crush the up-and-coming. “small tax raises?” Not what I’ve been hearing.

    This IS class warfare. Political class vs. the people.

  37. SPGhettus says:

    @stoicsquirrel By IRS rules, income is capital or ordinary. Wages, bank and bond interest, and net profits of small business are ordinary. Sales of stock and qualified dividends are capital, but so is profit made on the sale of a business asset or a home.
    Short-term capital gain is 28%, which does hit day-traders, but most investors hold profitable stocks at least a year to get 15%. It’s 0% for the low-income, but they have almost nothing to invest.

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