{"id":34462,"date":"2010-01-20T01:01:01","date_gmt":"2011-05-19T01:30:02","guid":{"rendered":""},"modified":"2011-05-19T01:30:02","modified_gmt":"2011-05-19T01:30:02","slug":"buffett_blasts_obama_s_bank_tax","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2010\/01\/20\/buffett_blasts_obama_s_bank_tax\/","title":{"rendered":"Buffett Blasts Obama\u2019s Bank Tax"},"content":{"rendered":"<section>\n<p>RUSH: Warren Buffett, people are wondering why are the markets down today? Everybody expected the markets to be up. Could it be these next two sound bites? Warren Buffett on Squawk Box, the host, Joe Kernen, said, &#8216;We got so many things to go over here. I think of Wells Fargo, I think about the bank tax. Is that a good idea to pay for the GM bailout with a bank tax, Mr. Buffett?\u2019<\/p>\n<p><img loading=\"lazy\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125110.Par.89380.ImageFile.jpg\" width=\"350\" height=\"182\" class=\"alignright\"\/>BUFFETT: No, I don\u2019t understand that. I mean it\u2019s some kind of a guilt tax or something of that sort because banks were among the whole United States that was saved back in 2008. The government\u2019s made a lot of money off Wells, they made a lot of money off Goldman, they made a lot of money off J.P. Morgan. And where they\u2019re going to lose money &#8212; well, at least where it\u2019s possible to lose money is in the auto companies. So if you\u2019re really looking for the people that benefited from government losses, you\u2019d have to look there. Or if you look at Fannie and Freddie, I mean, you know, are you going to go and tax the members of Congress who ran Freddie and Fannie?<\/p>\n<p>RUSH: Whoa! What a 180. This is a guy who was in the back pocket of Barack Hussein Obama, mmm, mmm, mmm, and now Warren Buffett is dumping all over the bank tax. He still doesn\u2019t understand, &#8216;Is it some kind of a guilt tax?\u2019 No, it\u2019s populism. He thinks everybody hates the banks, he\u2019s trying to get people on his side by thinking they have the same enemy. After saying we had to save them, Mr. Buffett, we had to make \u2019em profitable, now he\u2019s going after their profit. So Joe Kernen said to Buffett, &#8216;Well, that\u2019s exactly what I said, you can almost tax any company in business that wasn\u2019t going to be able to float any commercial paper, you could tax them too. Warren, don\u2019t give them any ideas because that will be next.\u2019<\/p>\n<p>BUFFETT: What was done in the fall of 2008 was designed to save the American economy. It wasn\u2019t designed to save the banks, it wasn\u2019t designed to save me, it was designed to save 309 million Americans, and a good job was done. They\u2019ve paid it back with huge interest. The government\u2019s made a lot of money on that. And to say that they should be paying for the fact that the government lost a lot &#8212; or may lose a lot of money on Freddie and Fannie and perhaps with the auto companies, it just doesn\u2019t make any sense to me. I just think a tax that\u2019s enacted with the idea that it will &#8212; the headlines will be appealing and that, you know, a certain amount of vengeance will be achieved, I don\u2019t think that\u2019s the greatest form of tax policy. <\/p>\n<p>RUSH: Warren Buffett no longer in Obama\u2019s back pocket, folks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RUSH: Warren Buffett, people are wondering why are the markets down today? Everybody expected the markets to be up. Could it be these next two sound bites? Warren Buffett on Squawk Box, the host, Joe Kernen, said, &#8216;We got so many things to go over here. I think of Wells Fargo, I think about the [&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 Blasts Obama&#039;s Bank Tax - 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\/2010\/01\/20\/buffett_blasts_obama_s_bank_tax\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Buffett Blasts Obama&#039;s Bank Tax - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Warren Buffett, people are wondering why are the markets down today? Everybody expected the markets to be up. Could it be these next two sound bites? Warren Buffett on Squawk Box, the host, Joe Kernen, said, &#8216;We got so many things to go over here. I think of Wells Fargo, I think about the [&hellip;]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125110.Par.89380.ImageFile.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#website\",\"url\":\"https:\/\/admin.rushlimbaugh.com\/\",\"name\":\"The Rush Limbaugh Show\",\"description\":\"Excellence In Broadcasting\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/admin.rushlimbaugh.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/01\/20\/buffett_blasts_obama_s_bank_tax\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125110.Par.89380.ImageFile.jpg\",\"contentUrl\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125110.Par.89380.ImageFile.jpg\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/01\/20\/buffett_blasts_obama_s_bank_tax\/#webpage\",\"url\":\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/01\/20\/buffett_blasts_obama_s_bank_tax\/\",\"name\":\"Buffett Blasts Obama's Bank Tax - The Rush Limbaugh Show\",\"isPartOf\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/01\/20\/buffett_blasts_obama_s_bank_tax\/#primaryimage\"},\"datePublished\":\"2011-05-19T01:30:02+00:00\",\"dateModified\":\"2011-05-19T01:30:02+00:00\",\"author\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/01\/20\/buffett_blasts_obama_s_bank_tax\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/01\/20\/buffett_blasts_obama_s_bank_tax\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/01\/20\/buffett_blasts_obama_s_bank_tax\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rushlimbaugh.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Buffett Blasts Obama\\u2019s Bank Tax\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f18195e0073013fa0e16b040686c2924?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f18195e0073013fa0e16b040686c2924?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"url\":\"https:\/\/admin.rushlimbaugh.com\/daily\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Buffett Blasts Obama's Bank Tax - The Rush Limbaugh Show","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rushlimbaugh.com\/daily\/2010\/01\/20\/buffett_blasts_obama_s_bank_tax\/","twitter_card":"summary","twitter_title":"Buffett Blasts Obama's Bank Tax - The Rush Limbaugh Show","twitter_description":"RUSH: Warren Buffett, people are wondering why are the markets down today? 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