Warren Buffett on BushCo
 

Now, I know that all of you blinders-on goose stepping republicans
can't fathom the thought of BushCo being wrong, again, as usual, but
here it is, direct from Warren Buffett, considered one of the best
financial brains in the country:

Buffett in bearish mood

Kathleen Pender
Tuesday, March 9, 2004



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In his annual letter to shareholders, Berkshire Hathaway chief
executive Warren Buffett said he is finding few bargains in U.S.
stocks or bonds and is so bearish on the dollar that he has loaded up
on foreign currencies.

He also continued his tirade against mutual fund directors, excessive
executive pay and President Bush's tax cuts.

Buffet's annual letter to Berkshire Hathaway shareholders has become a
widely anticipated springtime ritual. The 2003 letter, released
Saturday, accompanies Berkshire's annual report.

In August, candidate Arnold Schwarzenegger enlisted Buffett to help
solve California's financial crisis, but he quickly distanced himself
from one of Buffett's first proposed solutions -- raising property
taxes. Schwarzenegger told Buffett he would have to do 500 push-ups if
he mentioned property taxes again. After that, Buffett lay low until
last month, when he helped Gov. Schwarzenegger drum up support for his
$15 billion bailout bond.

In his letter, Buffett said nothing about California. On taxes, he
reiterated his belief that Bush's tax cuts are mainly helping
corporations and the wealthy.

"If class warfare is being waged in America, my class is clearly
winning, " he wrote.