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Song in my head:
"I had a lot a-money at one time,
but whiskey, and wimmen changed all that..."
- John Lee Hooker -
Last week Warren Buffett had his annual shareholders meeting for Berkshire Hathaway. In case you don't know, Berkshire
Hathaway is an investment company.
Seems that old Warren borrowed about $3,000 back in the 1950's and started up his own investment firm. He don't
do stock splits, so the value of his stock just keeps getting bigger and bigger. I understand some of the premium
stock sells for close to $20,000 a share. That's big money.
Now Mr. Kerry wants to have Mr. Buffett as a financial advisor when he becomes President. Some folks don't know
what to think about this...but I do.
Currently, soon to be ex-President Bush just shakes up one of them 8-balls and reads the advice on the bottom.
It hasn't been working too good lately.
I figure most Republicans are too set in their ways to ever vote for a non-republican. That would require reading
a newspaper or something painful...like thinking.
With Bush's non stop record of failure, even republicans will have a hard time voting for him, especially if they're
unemployed. Which most are. The conflict of wanting to vote republican, but having Bush as the only choice will
lead to a paralysis that will prevent the republican masses from voting. Which will result in Kerry becoming President,
who I also think sucks.
But I guess given the choice, "sucking" is better than "sucking-ass."
Republicans? Unemployed you ask? But I thought all republicans were rich?
Nope. The republican party is like a grade school clique. There are three "popular kids" for every
two thousand "unpopular kids." All the unpopular kids want to be associated with the popular kids, so
they do what-ever the popular kids tell them.
Now, just replace "popular kids" with "wealthy people", and "unpopular kids" with
"uneducated and poor" and you have a republican convention. It's a perfect scam. The poor folks are
used for their massive voting numbers, and they get to feel their included in the "rich" clique. Which
they are not. But at least they feel accepted for a short period of time every four years.
In reality, "old money," laughs behind the backs of the voting masses because they're so easy to manipulate.
It may sound hard to believe, but "old money" folks actually benefit when the economy goes bad.
"New money" (folks who's family has become wealthy within the last 50 years), benefits best if the economy
is good. Mr. Buffett is new money by definition, so his policies would benefit folks who need jobs, even though
he's a cheap bastard. I should know, I used to live a couple of blocks away from him. But that's another story.
And now you know!
Coming Next: Will
work for stocks!
Ask Bob a Question!
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