About Me

Name: Rob Banerjee
Biography
Loading...

Create Your Own Blog Find Other Townhall Blogs

Comments

Archives

Warren Buffett, Obama's economic puppetmaster

Warren Buffett has earned the admiration of many for his extra ordinary ability as an investor. He has successfully navigated his investments through uncharted territories we call equity investment.

No one disputes his ability to pick a good investment or his sound judgment when it comes to identifying an opportunity.   His recent association with Barrack Obama has prompted many people to question his motive and reasoning.  

Some tend to believe that Mr. Buffett, as many so called independent voters are being repulsed by McCain negative ads or by the shear greed of our capitalistic society, is seeking an alternative therapy for America through Barrack Obama.

The time I have spent among investors and financiers trained me to observe for financial incentives behind every action. So reasonably so I question Mr. Buffett’s intentions and what prompted a statesman such as him to associate with Barrack Obama whose association so far has been exclusively confined to individuals of shady, radical and unscrupulous characters.

After examining several facts, my conclusion is that Mr. Buffett wishes to use his massive wealth to change the American system. In spite of his exterior modesty and diet of Cheeseburger and cherry coke, he has established himself among the ruling elite. As a ruling elite he understands that more transparent the Government is, more accessible the opportunities are; and fewer regulations involves our day to day operations, we will soon see someone climb up to the ladder of financial prosperity and challenge him, Mr. Buffett, for the claim of the throne as ‘the richest man of the world’ or ‘the most talented investor’.   We have seen what capitalism coupled with fewer regulations and less government intervention can do: today we see industrialists in India, China and even Mexico challenges Mr. Buffett standing on the Forbes list.

I do not see Mr. Buffett as a sinister antagonist to our capitalist society but I do question some of his strange intentions.

Let us examine his idea for higher inheritance taxes. Today majority of baby-boomers are counting on inheriting something from their parents who are the same elders often referred as ‘the greatest generation’, and who has lived a very moral life, stayed within their means, saved, invested and now they may pass on the fruit of  their  sacrifice and hard labor to the next generation.

Mr. Buffett has no evidence to show that, should the baby boomers inherit from their parents; the society will become a plutocracy and lose every ounce of meritocracy that has been the guiding beacon of this great nation.   In fact if we eliminate the inheritance tax that will prompt more fresh money into the market and more money which otherwise is stagnant will be in the circulation. This economic crisis can use the much needed capital infusion.

Mr. Buffet’s motive to raise taxes will hinder the overall growth of this nation, and it will wipe out all new investment, and eventually dissuade foreign investors.

Mr. Buffett has always bought cheap, maybe his intention is to buy all of our fate and future at a bargain price but question we need to ask ourselves, ‘ARE WE FOR SALE? Are we willing to sell our future, our destiny and our country and embrace the so called fair society so that likes of Mr. Buffett can be the puppeteer and Barrack Obama can act his puppet? We all know Mr. Buffett’s ideology about Fair Society in America and Obama’s intention of seeking Mr. Buffett’s advice.

America is not a social experiment and the founding fathers did not designate Mr. Buffett as our guardian. Rather, we are master of our destiny no matter how large or small that is. This election day we are not only voting for or against a candidate but the 3000 appointees the new President will be responsible for. Can anyone guarantee despite what Obama says, a few of his radical friends and extreme ideological characters will not be placed in key cabinet positions?

We need to keep in mind that through hard work, innovation and with true American value,  we do not need to re-visit old achievement of Warren Buffett but to create many wealthier Warren Buffett  who will stay true to the principles of this great nation. Now that is true hope.

God Bless America!

Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

Re-Branding the GOP

Less than four weeks left leading to the general election, GOP's fate hangs on limbo. The question remains: Will ultra liberal Al Franken beat Sen. Norm Coleman? Will Sen. Mitch McConnell lose his re-election? And where does Elizabeth Dole Stands in her re-election effort.

It seems like all of their fate has been sealed and Obama has already won the white house and will grab the helm of this nation with his three amigos Nancy Pelosi, Harry Reid and Dick Durban. Only thing now left is the formality of the election and John McCain’s concession speech.

We as a republican and conservative need to ask ourselves: how did we fail so miserably.

But before we can do that we need to understand what is the 21st century version of the Republican Party and who do we have as our membesr and how they got us off the reservation.

Back in 1988 when G. H. W Bush ran against a weak candidate Mike Dukakis, GOP was a conservative through and through; and right after Ronald Reagan, GOP members knew and appreciated the core fundamental values of capitalism, free market economy and originalist interpretation of the Constitution.

Today with Barrack Obama an even weaker candidate than Dukakis and virtually unelectable is leading in the polls. Fortunately for us, Electoral College is not an average of Gallup, Zogby or Rasmussen polls and Obama and democrats still have to wait until the Election Day.

What we need between now and then is to understand our roots and modify our strategies. Today true conservatism is diluted by the mass induction of so-called conservative and moderate democrats who joined us for one or two conservative issues such as immigration, gun rights, or abortion, but they have never fully subscribed to the core fundamental values of the conservative philosophy of capitalism, national security, and free trade. Majority of these new GOP members contributed fuel to the flame ignited by the liberal media and brought about the insurrection against President Bush. In the name of dissent, they openly oppose to the measures required to secure our nation even at the expense of a prolong war. The same group opposed free trade, and ran to the government for help at the first sight of economic down turn.

These are the characteristics of socialism and not the Reagan conservatism or free market economy.   The people of this country are not stupid when they realize that the difference between the GOP and the Dems are all but vanished and they are nothing but virtually two sides of the same coin “Socialism”, then it may be a good idea to vote for the side that promises more welfare and subsidies. 

If the John McCain wants to win, he immediately needs to stop calling the Wall Street Executives greedy. He must be reminded that no one chooses Wall Street as a career because they were the top students out of a theological seminary. The greed of Wall Street brings shareholder value that is passed on to the main street and so the wheel of capitalism keeps rolling forward. 

He needs to come out and oppose the pork filled bail-out plan, and promise to cut every spending bills he sees. He needs to remind the voters that, government in our life means going to bed every night with people like Barney Frank, Larry Craig, William Jefferson, Maxine Waters, and Nancy Pelosi.   He must remind the voters that these people will not be trusted with our car keys or credit card numbers then why should we hand our country and our children’s future to them. John McCain and the GOP needs to, not run away from our conservative values but embrace them. And our responsibilities as conservatives are to educate our new members that registering as a GOP does not make us conservative but it’s the core fundamental values that we live by day to day make us who we are.

God Bless America!

Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive
« Previous1Next »