{"id":30480,"date":"2008-09-24T01:01:01","date_gmt":"2011-05-19T03:20:09","guid":{"rendered":""},"modified":"2011-05-19T03:20:09","modified_gmt":"2011-05-19T03:20:09","slug":"buffett_savior_or_greedy_vulture","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2008\/09\/24\/buffett_savior_or_greedy_vulture\/","title":{"rendered":"Buffett: Savior or Greedy Vulture?"},"content":{"rendered":"<section>\n<p>RUSH: Warren Buffett, his picture headlines the Drudge Report, and the headline is: &#8216;The Savior?\u2019 with a question mark. Now, I want to know something. Here\u2019s what Warren Buffett did. He just purchased $5 billion worth of Goldman Sachs stock. It\u2019s a publicly traded company. Anybody can buy shares on the open market, but not shares like these. Warren Buffett, who is a Democrat, gets 10% interest a year &#8212; every year forever. You can\u2019t get that. He gets options to buy another $5 billion worth of stock at a guaranteed price of $115 at any time in the next five years. You can\u2019t get that. (interruption) No, I can\u2019t, either. (laughing) I can\u2019t! they\u2019re asking, &#8216;Can you get that, Rush?\u2019 No. I can\u2019t get it. I don\u2019t have $5 billion to invest in Goldman Sachs, anyway. It\u2019s a specially created class for this particular situation. <\/p>\n<p><img loading=\"lazy\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125110.Par.89380.ImageFile.jpg\" width=\"300\" height=\"188\" class=\"alignright\"\/>Now, I don\u2019t totally begrudge Warren Buffett and his Berkshire Hathaway coup. I really don\u2019t, but I do have some reactions to this. What I do resent about Warren Buffett is when he runs around and plays the fairness card on income taxes and death taxes. Here\u2019s a guy out there getting the best deal he can for himself, and it\u2019s a sweet deal that nobody else can get, and yet there\u2019s no fairness in this, and yet when it comes to the death tax or income taxes, &#8216;We\u2019re going to be totally fair, we\u2019re going to take as much from people who have the most as we can, \u2019cause it\u2019s not right they should die and be able to leave all that to their families.\u2019 Now, if we can\u2019t get Warren Buffett\u2019s stock visions, if we can\u2019t get the deals that he\u2019s getting such as this from Goldman Sachs, why should we be saddled with his tax ideas? <\/p>\n<p>But I also have another question to ask about this. &#8216;Cause, you know, Warren Buffett, &#8216;Savior?\u2019 He\u2019s a guy who buys low and he sells high. Why isn\u2019t he hammered for being a greedy capitalist vulture feeding off the misfortune of others instead of being portrayed as a savior here. Warren Buffett is doing what all liquid Americans do, he\u2019s buying value, except that you can\u2019t get the value from Goldman that he got, but this is what the wealthiest 1% of Americans do when they have disposable income: They make our economy work even in tough times. This is a buy opportunity, and he sees it. Now, while we\u2019re talking about an upside down world here, look at Iraq, two years ago. Follow me on this. The people of Iraq were siding with Al-Qaeda out of fear when their best friends were trying to save \u2019em: Us. <\/p>\n<p>Now, two years later, that ravaged, destroyed, lost country is looking more and more like a shining city on a hill. It\u2019s amazing what a strong military and &#8216;drill here, drill now\u2019 can do, and what it has done for Iraq. Americans who are shaking with fear right now might remember that. Obama wanted us to surrender in Iraq, and it would have destroyed that country. He wants us to surrender our capitalist foundation today, and that will destroy our country. You can look at our economy one of two ways. Our economy is either on the verge of socialism or the verge of booming. There\u2019s a Texas congressman, Jeb Hensarling, and he\u2019s got a great idea: cut corporate and capital gains taxes for two years. Just cut the capital gains tax for two years: a temporary cut for two years and watch the $700 billion that\u2019s supposedly necessary for the bailout all of a sudden not become necessary. <\/p>\n<p>The government really wants to do something here, they\u2019ve got plenty of ammo. They have plenty of things at their disposal without printing 700 billion new dollars. So you cut corporate and capital gains taxes, you drill everywhere, you drill now, and you keep Obama out of the White House &#8212; and look out! We\u2019re going to be booming. Or you don\u2019t do any of this, you raise all these taxes as Obama is promising to do. You guarantee that our military loses in conflicts around the world. There will be no drilling whatsoever for any new energy sources, all you\u2019ll get\u2019s a tire gauge. Hello, socialist foundation to our. Are times bad now? That\u2019s the strange thing. They\u2019re not. <\/p>\n<p>The overall economy, the fundamentals, they are there. They are there. We are teetering. We\u2019re teetering. We have choices to make. We either make socialist choices or we make free market choices that benefit people like Warren Buffett who\u2019s being called a savior. Warren Buffett is not being socialist here. Warren Buffett is the epitome of capitalist here, going and getting this deal that he got from Goldman Sachs for giving them $5 billion. He is a steely-eyed capitalist. He is looking for value for himself and the shareholders of Berkshire Hathaway. That\u2019s what oil companies do when permitted by the government, the same government that destroyed the home mortgage market and put us in the situation we are in today. <\/p>\n<p>If we just get out of the way of capitalist vultures like Buffett and get out of the way of greedy oil barons who make 8% after tax profit, this country can be more prosperous and more free than it ever has been. But if we put socialists like Barack Obama in charge, we run the risk of looking more like Iraq looked two years ago. So God bless Warren Buffett, but let\u2019s learn the lesson. What\u2019s saving Goldman Sachs? The reason he\u2019s being called a savior not \u2019cause he\u2019s doing anything socialist, is he? <\/p>\n","protected":false},"excerpt":{"rendered":"<p>RUSH: Warren Buffett, his picture headlines the Drudge Report, and the headline is: &#8216;The Savior?\u2019 with a question mark. Now, I want to know something. Here\u2019s what Warren Buffett did. He just purchased $5 billion worth of Goldman Sachs stock. It\u2019s a publicly traded company. Anybody can buy shares on the open market, but not [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Buffett: Savior or Greedy Vulture? - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/24\/buffett_savior_or_greedy_vulture\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Buffett: Savior or Greedy Vulture? - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Warren Buffett, his picture headlines the Drudge Report, and the headline is: &#8216;The Savior?\u2019 with a question mark. Now, I want to know something. Here\u2019s what Warren Buffett did. He just purchased $5 billion worth of Goldman Sachs stock. It\u2019s a publicly traded company. 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