Friday, September 30, 2011

Warren Buffett: Favorite Rich Guy for Obama and CNBC

I generally enjoy watching CNBC for business news. But it's rather silly how deeply the network bows before Warren Buffett. Of course, given his declarations over hiking taxes on upper-income earners, President Obama loves Mr. Buffett as well.

Check out my take on the so-called "Buffett Rule" regarding taxes at

http://www.sbecouncil.org/creditwatch/display.cfm?ID=4602

For good measure, Amity Shlaes compared the "Buffett Rule" to the "Mellon Rule" at

http://www.bloomberg.com/news/2011-09-26/is-warren-buffett-the-new-andrew-mellon-not-quite-amity-shlaes.html

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