Buffett Hosting a 38K per Plate Fund Raiser for Obama

NyPo has the details:

Following reports that President Obama phoned Warren Buffett from vacation in Martha’s Vineyard to discuss the economy, The “Oracle of Omaha” is hosting a fund-raiser for Obama’s re-election, billed as an “economic forum,” Page Six has learned. Tickets for the event at New York’s Four Seasons restaurant on Sept. 30 start at $10,000 a head, with VIP tickets a budget-boosting $35,800. Guests get an hour of “Q&A moderated by one of President Obama’s closest economic advisors, Austan Goolsbee.” VIP ticket-holders get a “private reception for about 20 minutes prior to the dinner.” A blurb with the invite adds, “As all guests are seated for dinner, Buffett will go around to all tables and shake hands, then he and Austan will sit for the program and discussion.”

I wonder if Buffett thought this idea up in his bathtub also.

Obama and Buffett are pretty cozy these days. It's never good when a powerful politician and a powerful businessman become friends. They both have extreme power of different types of power. The trading of  power between the two to gain advantage is just too tempting and is usually what bring the two together in the first place. Bottom line: The dealings between these two are not likely to be beneficial for the rest of us.