Wednesday, November 17, 2010

Warren Buffet Thanking Uncle Sam

Warren Buffet has a way of putting complex issues into a simple story that everyone can understand. I realize that there are many folks out there who believe that we should have just let all of the banks fail. Its easy to say that if you are a religious fundamentalist and your religion is free market capitalism. Its even easier to take that position if you are not aware of the potential consequences. Warren Buffet understands what the consequences would have been if government had not put its finger in the dike. He also knows that we might have done it better and we might have done more in the aftermath to punish those who brought the world economy to its knees. Frankly, if all of our billionaires were like Warren Buffet the world would be a much better place.

No comments:

Post a Comment