Tuesday, January 24, 2012

Warren Buffett--Obama Propaganda Tonight

White House communications director Dan Pfeiffer said on Twitter today that Warren Buffett's secretary, Debbie Bosanek, will attend the State of the Union in the first lady's box.

This, of course, is part of the promotion for higher taxes on "the rich". Buffett claims Bosanek tax rate is higher than his, though Buffett has refused to release his tax forms to prove the point.

But, if indeed Bosanek's tax rate is higher, wouldn't the decent thing to be to lower taxes for Bosanek and those in her position?

And, btw, I'm sure it is all coincidence, but Warren Buffett’s Burlington Northern Santa Fe LLC is among U.S. and Canadian railroads that stand to benefit from the Obama administration’s recent decision to reject TransCanada Corp.’s Keystone XL oil pipeline permit.

“Whatever people bring to us, we’re ready to haul,” Krista York-Wooley, a spokeswoman for Burlington Northern, a unit of Buffett's Berkshire Hathaway.

Rail cars are “a pretty hot commodity,” as a result of demand from oil producers in North Dakota,, according to Tony Hatch, an independent railroad analyst in New York, reports Bloomberg.

The State Department denied TransCanada a permit on Jan. 18, saying there was not enough time to study the proposal by Feb. 21, a deadline Congress imposed on President Barack Obama


  1. As Buffett is "paid" via capital gains and some dividends, he is lying by not counting the taxes on his corporation against his income.

  2. Ahh Buffet, America's number one crony capitalist since 2008. At least we now know why Keystone was rejected. I hope the Canadians follow through with selling the oil to China.

  3. NICE point on following the money there, Wenzel! Yes, maybe Canada will sell oil to China for gold. That would be wonderful. And it would help to fulfill Stephen Chu's dream of higher gas prices.

  4. Tonite @ SOTU address - Show & Tell by the TOTUS.