Obama Puppetmaster Warren Buffett Biggest Winner From Keystone Pipeline Rejection

  • Posted by a hidden member.
    Log in to view his profile

    Jan 25, 2012 6:32 AM GMT
    Crony capitalism again wins the day? The odd thing about this is that a number of national unions joined with business leaders to lobby for the project.

    http://www.zerohedge.com/news/obama-puppetmaster-warren-buffett-biggest-winner-keystone-pipeline-rejection

    Just when one thinks American crony capitalism couldn't hit new lows, here comes Warren Buffett and his personal puppet, the president, proving everyone wrong once more. Because if one thinks there is no (s)quid pro quo for all that "sage" advice that Buffett has been giving to Obama on extracting as much wealth as possible from future wealthy Americans (before they decide they have had enough with this crony shit and leave the country for good), one would be fatally wrong. As it turns out, it is not just natural resources and aquifer purity that Obama had in mind when sealing the fate of the Keystone XL pipeline. No - it appears there were far more relevant numerial metrics that determined Obama's decisions. Such as the bottom line number of Buffett's Burlington Northern, which according to Bloomberg, is among U.S. and Canadian railroads that stand to benefit from the Obama administration’s 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 Omaha, Nebraska-based Berkshire Hathaway Inc. (BRK/A), said in an interview. If Keystone XL “doesn’t happen, we’re here to haul." And quite delighted to reap the windfalls of unfounded populist fears she forgot to add. Because while the whole "carbon-credit" multi-trillion top line expansion scheme for Goldman under the pretense of actually caring for the environment may have collapsed, it is not preventing others from trying and succeeding where even Goldman has failed.


    More here from Bloomberg -
    http://www.bloomberg.com/news/2012-01-23/buffett-s-burlington-northern-among-winners-in-obama-rejection-of-pipeline.html
  • Posted by a hidden member.
    Log in to view his profile

    Jan 25, 2012 7:12 AM GMT
    There are so many campaign issues, like a kid in a candy store choosing the best ones. The focus groups are going to be very busy.
  • Posted by a hidden member.
    Log in to view his profile

    Jan 25, 2012 2:10 PM GMT
    socalfitness saidThere are so many campaign issues, like a kid in a candy store choosing the best ones. The focus groups are going to be very busy.


    The approach Democrats will likely use beyond the bitter/blistering personal attacks (that I think Republicans in particular open themselves up for given their social social conservatism), is class warfare (I mean it's not like they've performed well on the economy, domestic policy, foreign policy, etc).

    The reason Romney I think has done poorly is that it feels like he's run away from his performance at Bain and wealth when it should be a strength particularly in this election. (Cue the braying leftists...)

    The issue people care about first and foremost is the economy through growth (not redistribution) and this is the vision and message Republicans need to profer if they want to win (and win big).
  • Posted by a hidden member.
    Log in to view his profile

    Jan 25, 2012 2:15 PM GMT
    riddler78 said
    socalfitness saidThere are so many campaign issues, like a kid in a candy store choosing the best ones. The focus groups are going to be very busy.


    The approach Democrats will likely use beyond the bitter/blistering personal attacks (that I think Republicans in particular open themselves up for given their social social conservatism), is class warfare (I mean it's not like they've performed well on the economy, domestic policy, foreign policy, etc).

    The reason Romney I think has done poorly is that it feels like he's run away from his performance at Bain and wealth when it should be a strength particularly in this election. (Cue the braying leftists...)

    The issue people care about first and foremost is the economy through growth (not redistribution) and this is the vision and message Republicans need to profer if they want to win (and win big).

    All true. Also the misery many in the middle class are experiencing can be linked directly to certain Obama actions. Will be very powerful.
  • Posted by a hidden member.
    Log in to view his profile

    Jan 25, 2012 2:16 PM GMT
    Next time post the source of your "opinion' BLOG piece..........icon_wink.gif
  • Posted by a hidden member.
    Log in to view his profile

    Jan 25, 2012 2:22 PM GMT
    I love the smell of conservative desperation in the morning. icon_lol.gif
  • Posted by a hidden member.
    Log in to view his profile

    Jan 25, 2012 2:35 PM GMT
    TropicalMark saidNext time post the source of your "opinion' BLOG piece..........icon_wink.gif


    My mistake - http://www.zerohedge.com/news/obama-puppetmaster-warren-buffett-biggest-winner-keystone-pipeline-rejection

    Zero hedge has a pretty good track record - and is read by many who are in finance - both on wall street and off because of it.