WARREN BUFFET: The economy is in shambles; no signs of recovery yet....

[tbone95860]

In a live interview on CNBC today, Warren Buffett said there has been little progress over the past few months in the "economic war"being fought by the country. "We haven't got the economy moving yet," he told Becky Quick.

While the economy is a "shambles" and likely to stay that way for some time, he remains optimistic there will eventually be a recovery over a periodof years.

BECKY: The last time we sat down to talk to you was on May 4, and at that point you told us that you think we're in an economic war right now. How much progress do you think we've made in that war?

BUFFETT: Well, it's been pretty flat. I get figures on 70-odd businesses, a lot of them daily. Everything that I see about the economy is that we've had no bounce. The financial system was really where the crisis was last September and October, and that's been surmounted and that's enormously important. But in terms of the economy coming back, it takes a while. There were a lot of excesses to be wrung out and that process is still underway and it looks to me like it will be underway for quite a while. In the (Berkshire Hathaway) annual report I said the economy would be in a shambles this year and probably well beyond. I'm afraid that's true.

 

[mangudai954]

nvm

 

[mangudai954]

It doesn't matter what president would of came in though (between McCain and Obama). But you know that.

 

[bigtomgetsgwap]

With the mess Bush put us threw what does everyone expect

 

[DownByLaw]

 

[dlsilva21]

Originally Posted by bigtomgetsgwap

With the mess Bush put us threw what does everyone expect

I would argue Clinton's Administration sparked the housing market crash which spearheaded our current financial position.

 

[chicagos finest 23]

Looks like the government is just sweeping the dirt under the Rug. "Everything is under control people don't panic" BS.

 

[mangudai954]

Word to green chutes.

 

[fede dpt]

WHO IS JOHN GALT, OBAMA?!

 

[seasoned vet]

Originally Posted by Mangudai954

nvm

- you aint never lied.

 

[joseph camel jr]

Originally Posted by dlsilva21

Originally Posted by bigtomgetsgwap

With the mess Bush put us threw what does everyone expect

I would argue Clinton's Administration sparked the housing market crash which spearheaded our current financial position.

Yup.

Obama is not doing the greatest job right now IMO but he's not responsible for the economic woes either.

 

[essential1]

[TBone]YES! a guy who supported Obama said the economy has no sign of recovery yet.. So I'ma go to NT and make a thread about it and SAY SEELOOK AT THIS Obama failed.[/TBone]


You are at a 10 turn it to a 2.

Blame for the current economic crisis (not in this order); Reagan, Bush 1, Clinton, Greenspan, Geithner, Sommers, Bush 2, Pulsin, Real Estate Agencies, LocalBanks, National Banks, International Banks, Execs. CEO's, Bankers, AMERICA.

 

[kickinheadz1010]

Originally Posted by TBONE95860

In a live interview on CNBC today, Warren Buffett said there has been little progress over the past few months in the "economic war" being fought by the country. "We haven't got the economy moving yet," he told Becky Quick.

While the economy is a "shambles" and likely to stay that way for some time, he remains optimistic there will eventually be a recovery over a period of years.

BECKY: The last time we sat down to talk to you was on May 4, and at that point you told us that you think we're in an economic war right now. How much progress do you think we've made in that war?

BUFFETT: Well, it's been pretty flat. I get figures on 70-odd businesses, a lot of them daily. Everything that I see about the economy is that we've had no bounce. The financial system was really where the crisis was last September and October, and that's been surmounted and that's enormously important. But in terms of the economy coming back, it takes a while. There were a lot of excesses to be wrung out and that process is still underway and it looks to me like it will be underway for quite a while. In the (Berkshire Hathaway) annual report I said the economy would be in a shambles this year and probably well beyond. I'm afraid that's true.

The point of this thread is....?????

 

[nostrandave68]

Originally Posted by rickybadman

OH CRAP OBAMA FAILED US, WE SHOULD IMPEACH HIM, HE IS CLEARLY DESTROYING THIS COUNTRY...............this that the response were looking for dude, oh damn I almost forgot to throw in some these to look cool

SONNNED

 

[b smooth 202]

Originally Posted by TBONE95860

In a live interview on CNBC today, Warren Buffett said there has been little progress over the past few months in the "economic war" being fought by the country. "We haven't got the economy moving yet," he told Becky Quick.

While the economy is a "shambles" and likely to stay that way for some time, he remains optimistic there will eventually be a recovery over a period of years.

BECKY: The last time we sat down to talk to you was on May 4, and at that point you told us that you think we're in an economic war right now. How much progress do you think we've made in that war?

BUFFETT: Well, it's been pretty flat. I get figures on 70-odd businesses, a lot of them daily. Everything that I see about the economy is that we've had no bounce. The financial system was really where the crisis was last September and October, and that's been surmounted and that's enormously important. But in terms of the economy coming back, it takes a while. There were a lot of excesses to be wrung out and that process is still underway and it looks to me like it will be underway for quite a while. In the (Berkshire Hathaway) annual report I said the economy would be in a shambles this year and probably well beyond. I'm afraid that's true.

You needed Warren Buffet to tell you this?

 

[denni5themenace]

the fact that people WANT this guy to fail and are waiting for their chance to say "i told you so" is just so sad.

 

[kickinheadz1010]

Originally Posted by NostrandAve68

Originally Posted by rickybadman

OH CRAP OBAMA FAILED US, WE SHOULD IMPEACH HIM, HE IS CLEARLY DESTROYING THIS COUNTRY...............this that the response were looking for dude, oh damn I almost forgot to throw in some these to look cool

SONNNED

DON'T BE TALKING ABOUT THE COUNTRY THAT WE LOVE LIKE THAT. WE BUILT THIS COUNTRY ON MORAL PRINCIPLES, LIBERTY......BLAHBLAHBLAH

DID I MENTION I LOVE THE RED/WHITE/BLUE?

 

[essential1]

Originally Posted by TBONE95860

There were a lot of excesses to be wrung out and that process is still underway and it looks to me like it will be underway for quite a while. In the (Berkshire Hathaway) annual report I said the economy would be in a shambles this year and probably well beyond. I'm afraid that's true.

Just read that to yourself over TBone.

 

[703 hwy]

Huh?