Warren Buffett says fear dominating Americans' behaviour - GoFuckYourself.com

Quagmire · 03-09-2009, 09:04 AM

OMAHA, Neb. - Billionaire Warren Buffett says fear is dominating Americans' behaviour and called on political leaders to support the president's efforts to repair the U.S. economy.

http://ca.news.yahoo.com/s/capress/0...uffett_economy
----------------

But why listen to Warren Buffett? He doesn't know jack shit about economics, right?

Barefootsies · 03-09-2009, 09:06 AM

Agreed.

24 Hours new channels amplify just about everything. Bringing in armchair quarterbacks, and beating the top 7 fear stories to death all day long. One of the worst things to come along in decades.

Magnus · 03-09-2009, 09:06 AM

Yeah I watched that this morning.. I would agree and the media aint helping either, telling everyone how broke and worse off they will be in 6 months.

Scott McD · 03-09-2009, 09:08 AM

It's the same here. The news keeps telling us how shops are suffering because nobody is spending money. No fucking wonder we aren't spending since they are also telling us every damn second of the day that we will all be broke, out of a job, out of a home by Christmas...

pornguy · 03-09-2009, 09:12 AM

TURN OFF THE TV and Live Life.

Scott McD · 03-09-2009, 09:13 AM

Another thing, less than 2 years ago, our government kept going on about all this Green shit, and how they wanted us NOT to use our cars, and start using public transport for all our travelling needs. Which surely would mean us not buying new cars either.

Now, the shit hits the fan and they want us all to go out and spend our money on a new car, even though we haven't to use it ??

What's it to be. You can't have it both ways. It seems they want us to buy cars but not actually use the fucking things because it helps the economy, but it isn't good for the environment...

Martin · 03-09-2009, 09:14 AM

Americans and Canadians in General watch way too much TV. Turning the them into Zombies and also scaring the shit outta them.

Quagmire · 03-09-2009, 09:26 AM

There is nothing wrong with being careful and spending wisely, but people need to keep spending. You can't put your cash in the bank or under your mattress and think you'll ride out the storm.

Overload · 03-09-2009, 09:37 AM

Quote:

Originally Posted by Martin

Americans and Canadians in General watch way too much TV. Turning the them into Zombies and also scaring the shit outta them.

err, i dont think canadians are as "fear-o-matic" as the US folks ...
google for "bowling for columbine" and watch all parts ... not only
the funny part by matt groening which pretty much explains why
US citizens are so full of fear ... https://youtube.com/watch?v=Zqh6Ap9ldTs

tony286 · 03-09-2009, 09:41 AM

Thank you between the news and the right wing jerks on the news fanning the flames fear. Its really out of hand.

GregE · 03-09-2009, 10:14 AM

Quote:

He predicted that unemployment will likely climb a lot higher before the recession is done, but he also reiterated his optimistic long-term view: "Everything will be all right. We do have the greatest economic machine that's ever been created."

Those are hardly reassuring words for the legions of salaried and time clock punching people out there.

When those folks are running scared, businesses always get clobbered

Warren's "optimistic long-term view" is all well and fine but it provides scant comfort to anyone who fears losing his shirt in the meantime.

Yeah, the media hype ain't helping any but the public is already spooked and has been since the first bailout.

_Richard_ · 03-09-2009, 10:28 AM

Quote:

Originally Posted by GregE

Those are hardly reassuring words for the legions of salaried and time clock punching people out there.

When those folks are running scared, businesses always get clobbered

Warren's "optimistic long-term view" is all well and fine but it provides scant comfort to anyone who fears losing his shirt in the meantime.

Yeah, the media hype ain't helping any but the public is already spooked and has been since the first bailout.

sweet that the billionaire thinks 'everything will be all right' in the long term

_Richard_ · 03-09-2009, 10:30 AM

"Patriotic Republicans and Democrats will realize the nation is engaged in an economic war, he said."

haha i knew it.. THIS is the important part of what he's saying

03-09-2009, 10:31 AM

anyone find it ironic that
This post is coming from a guy named quagmire?

Pipeline Q · 03-09-2009, 10:34 AM

Quote:

Originally Posted by pornguy

TURN OFF THE TV and Live Life.

My mental state improved drastically when I stopped watching cable news and reading political websites. I am so much calmer now.

I still watch the local news, but sparingly since their primary focus is negative news also.

ajrocks · 03-09-2009, 10:37 AM

good luck with that.

onwebcam · 03-09-2009, 10:37 AM

Quote:

Originally Posted by SBR Richard

"Patriotic Republicans and Democrats will realize the nation is engaged in an economic war, he said."

haha i knew it.. THIS is the important part of what he's saying

Yeah and billionaire Warren is trying to save his own rich ass.

Barefootsies · 03-09-2009, 10:38 AM

Quote:

Originally Posted by onwebcam

Yeah and billionaire Warren is trying to save his own rich ass.

Last I had heard, he was only down 67%.

onwebcam · 03-09-2009, 11:08 AM

Quote:

Originally Posted by Barefootsies

Last I had heard, he was only down 67%.

Cry me a river. You would think that the man who called derivatives "financial weapons of mass destruction" might have had his bets covered a little better. He obviously knew what the problem was so if he's so fucking smart rather than a market manipulator he wouldn't have lost much of anything. You can damn well bet he wants everyone to let Obama to continue on writing checks that you and I will pay for so he can get his billions back.

03-09-2009, 09:04 AM	#1
Quagmire Confirmed User Join Date: Jul 2005 Location: Stinkin' up your bathroom Posts: 6,490	Warren Buffett says fear dominating Americans' behaviour OMAHA, Neb. - Billionaire Warren Buffett says fear is dominating Americans' behaviour and called on political leaders to support the president's efforts to repair the U.S. economy. http://ca.news.yahoo.com/s/capress/0...uffett_economy ---------------- But why listen to Warren Buffett? He doesn't know jack shit about economics, right? __________________

03-09-2009, 09:06 AM	#2
Barefootsies Choice is an Illusion Industry Role: Join Date: Feb 2005 Location: Land of Obama Posts: 42,635	Agreed. 24 Hours new channels amplify just about everything. Bringing in armchair quarterbacks, and beating the top 7 fear stories to death all day long. One of the worst things to come along in decades. __________________ Should You Email Your Members? Link1 \| Link2 \| Link3 Enough Said. "Would you rather live like a king for a year or like a prince forever?"

03-09-2009, 09:06 AM	#3
Magnus Confirmed User Industry Role: Join Date: Dec 2002 Location: Ontariariooooo Posts: 1,211	Yeah I watched that this morning.. I would agree and the media aint helping either, telling everyone how broke and worse off they will be in 6 months. __________________ Magnus

03-09-2009, 09:08 AM	#4
Scott McD Too lazy to set a custom title Join Date: Nov 2002 Location: Glasgow, Scotland Posts: 67,795	It's the same here. The news keeps telling us how shops are suffering because nobody is spending money. No fucking wonder we aren't spending since they are also telling us every damn second of the day that we will all be broke, out of a job, out of a home by Christmas... __________________ I Buy My High Quality Traffic Here, You Should Too!

03-09-2009, 09:12 AM	#5
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	TURN OFF THE TV and Live Life. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

03-09-2009, 09:13 AM	#6
Scott McD Too lazy to set a custom title Join Date: Nov 2002 Location: Glasgow, Scotland Posts: 67,795	Another thing, less than 2 years ago, our government kept going on about all this Green shit, and how they wanted us NOT to use our cars, and start using public transport for all our travelling needs. Which surely would mean us not buying new cars either. Now, the shit hits the fan and they want us all to go out and spend our money on a new car, even though we haven't to use it ?? What's it to be. You can't have it both ways. It seems they want us to buy cars but not actually use the fucking things because it helps the economy, but it isn't good for the environment... __________________ I Buy My High Quality Traffic Here, You Should Too!

03-09-2009, 09:14 AM	#7
Martin "Assassins" Industry Role: Join Date: Dec 2001 Location: At home Posts: 17,277	Americans and Canadians in General watch way too much TV. Turning the them into Zombies and also scaring the shit outta them. __________________

03-09-2009, 09:26 AM	#8
Quagmire Confirmed User Join Date: Jul 2005 Location: Stinkin' up your bathroom Posts: 6,490	There is nothing wrong with being careful and spending wisely, but people need to keep spending. You can't put your cash in the bank or under your mattress and think you'll ride out the storm. __________________

03-09-2009, 09:41 AM	#10
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	Thank you between the news and the right wing jerks on the news fanning the flames fear. Its really out of hand.

03-09-2009, 10:30 AM	#13
_Richard_ Too lazy to set a custom title Industry Role: Join Date: Oct 2006 Location: Earth Posts: 30,989	"Patriotic Republicans and Democrats will realize the nation is engaged in an economic war, he said." haha i knew it.. THIS is the important part of what he's saying

03-09-2009, 10:31 AM	#14
Vexes Guest Posts: n/a	anyone find it ironic that This post is coming from a guy named quagmire?

03-09-2009, 10:37 AM	#16
ajrocks Confirmed User Join Date: Nov 2004 Location: On Uranus Posts: 4,526	good luck with that. __________________ SEO Strategy - Digital Strategy - Cannabis Lead Generation Skype aj.durden1