October 26, 2011 |
President Obama is “sowing social unrest and class resentment” in his push to raise taxes on the wealthy to pay for his jobs bill, House Budget Committee Chairman Paul Ryan said Wednesday. “Instead of appealing to the hope and optimism that were hallmarks of his first campaign, he has launched his second campaign by preying on the emotions of fear, envy, and resentment,” Ryan told a group gathered at the Heritage Foundation, a conservative think tank in Washington. Ryan, a Republican from Wisconsin, used the remarks to defend his budget plan approved by the House earlier this year.
September 30, 2011 |
Republicans are getting a great deal of mileage out of an interview investor Warren Buffett gave Friday morning, contending that the billionaire failed to endorse President Obama's jobs plan or the proposed tax hike that bears his name. The Republican National Committee, for example, e-blasted a mailer that claimed Buffett had disagreed in a CNBC interview with Andrew Ross Sorkin with Obama's plan to raise taxes on America's top earners. But did Buffett actually say that? More than anything, while interviewed on the floor of the New York Stock Exchange, he took a pass on commenting on Obama's plan at all. As they used to say in the 20 th century, let's go to the videotape: Andrew Ross Sorkin: “Let's talk about the Buffett Rule for a moment.
September 27, 2011 |
Berkshire Hathaway Inc. is buying back its stock because Warren Buffett thinks shares are cheap Berkshire said Monday that it would acquire an undisclosed amount of stock, provided that the purchase price is within 10% of book value and that the company's cash holdings exceed $20 billion. The buyback will apply to Berkshire's A and B shares and will "continue indefinitely," the Omaha company said in a statement. Berkshire, which is headed by Buffett, the legendary investor, has about $43 billion in cash.
September 21, 2011 |
Warren Buffett, who has a featured role in the policy case for the White House's new deficit-reduction plan, is also scheduled to help boost President Obama's reelection coffers at a Chicago fundraiser next month, his campaign confirmed Wednesday. The so-called Oracle of Omaha, Buffett has long been an Obama supporter and financial backer, dating back to his 2008 campaign. The Chicago event, at a private residence on the North Shore, is set for Oct. 27. Buffett is also on tap for an event Sept.
September 13, 2011 |
Billionaire Warren Buffett advanced his succession plan Monday by naming Ted Weschler, a hedge fund manager who has produced outsized returns in the last decade, to help manage the investments of Buffett's Berkshire Hathaway Inc. Weschler, 50, will start at the Omaha company early next year and work with Todd Combs, who joined Berkshire last year, to manage its equity portfolios. Buffett, 81, has said he may also bring in a third manager, but meanwhile he continues to oversee the majority of the company's $52.36 billion in U.S. equities.
August 25, 2011 |
Warren Buffett is known on Wall Street for his Midas touch, and nobody is more thankful for that these days than Bank of America Corp. Berkshire Hathaway Inc., Buffett's investment company, agreed Thursday to sink $5 billion into the beleaguered financial giant. The deal helped allay fears that America's biggest bank needs a fresh infusion of capital to withstand mortgage losses and another downturn in the economy. The investment casts the Oracle of Omaha in a familiar and favorable light, tossing a lifeline to an American icon in need.
August 22, 2011 |
Reporting from Vineyard Haven, Mass. - President Obama will speak to the nation about the unfolding situation in Libya this afternoon from Martha's Vineyard after convening a conference call with his national security team about the latest developments, his spokesman said. Josh Earnest, the president's principal deputy press secretary, offered few details about what U.S. forces would be doing in the weeks ahead. He said, however, that the president's position that there will be no U.S. boots on the ground in Libya is unchanged.
August 19, 2011
Coddling the rich Re "Buffett's tax argument riles Republicans," Aug. 17 Warren Buffett may the one person in America who cannot be accused of political posturing when he calls out Congress for coddling our nation's wealthiest citizens. It is common sense that revenue could be increased significantly by closing the tax loopholes for the mega-rich. The Berkshire Hathaway chairman backs up his argument with facts that are difficult to dispute. Laughably, the harshest rebuttal from Republicans comes from a wealthy investor who suggests Buffett may have a sinister agenda to thwart his fellow billionaires.
August 18, 2011
Investors might hang on Warren Buffett's every word when it comes to financial advice, but Republicans are less than enthusiastic about the Oracle of Omaha's opinions on taxation. After the billionaire chairman of investment firm Berkshire Hathaway wrote an op-ed in the New York Times complaining that the mega-rich are undertaxed in comparison to the middle class, conservatives urged him to voluntarily send more of his own money to the Internal Revenue Service and leave others alone.
August 16, 2011 |
Republicans blasted back at Warren Buffett after the billionaire investor argued in a newspaper opinion piece that the mega-rich in the U.S. are “coddled” by the tax code. The country's wealthiest citizens pay considerably less taxes, as a percentage of income, than the poor and middle class, Buffett said in an article published Monday in the New York Times. “My friends and I have been coddled long enough by a billionaire-friendly Congress,” Buffett wrote. “It's time for our government to get serious about shared sacrifice.” Buffett's viewpoint gave President Obama a fresh set of talking points as he launched a three-day bus tour through the Midwest, and reignited the fierce debate over what the United States should do to reduce federal budget deficits.