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The 2009 letter to shareholders of Berkshire Hathaway Inc., written by boss-man Warren Buffet (writes Miss Fritinancy), includes "part of what you might call Buffett's mission statement. It's not what
he calls it; he titles the section 'What We Don't Do'."
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We will never become dependent on
the kindness of strangers. Too-big-to-fail is not a fallback position at
Berkshire. Instead, we will always arrange our affairs so that any
requirements for cash we may conceivably have will be dwarfed by our own
liquidity. Moreover, that liquidity will be constantly refreshed by a
gusher of earnings from our many and diverse businesses.
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It's true that Oprah Winfrey's, oh, say $1 billion in-kind campaign
donation, was the second biggest factor in Obama's election (after
the media', oh, say $5 billion in-kind grant). Warren Buffet, however,
perhaps the nation's best known financial wizard who didn't work for
the Nazi's as a youth, also went to bat for Zero. His
endorsement, and active promotion of Obama was a very big deal; much
ballyhooed by the media. Given that this mission statement for Berkshire
is the antithesis of what Obama has so far delivered, what
was it that Buffet saw in this man? A candidate with no history, no
accomplishment, but with miles of recorded statements describing his socialist vision. Did he see liquidity being constantly refreshed by a
gusher of taxes imposed from our many and diverse businesses? Now I read that Buffet is disappointed in Obama. Oh, thanks for that.
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Bonus Dickweedery, in a similar vein: 
Yesterday the WaPost reported that "President
Obama's proposed budget would add more than $9.7 trillion to the
national debt over the next decade. ” Without missing a beat, the Posties described the root cause of our coming penury.
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Obama's
tax-cutting agenda is by far the biggest contributor to those budget
gaps, the CBO said. As part of his campaign pledge to protect families
making less than $250,000 a year from new taxes, the president is
proposing to prevent the alternative minimum tax from expanding to
ensnare millions of additional taxpayers. He also wants to make
permanent a series of tax cuts enacted during the Bush administration,
which are scheduled to expire at the end of this year.
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Click-click
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