Tuesday, March 22, 2011

Home Sales, Trump and Buffett

Home Sales

I realize things are getting better and I am just in denial. Just consider the fact of a 9.6 percent drop in home sales in February. Funny who this tidbit can get brushed under the proverbial carpet in an instant. Maybe they could blame the lousy number on the weather. Wait a minute I think NAR the National Association of Dreamers I mean Realtors did:

"Overall, February's weakness could have been driven by bad weather, deals canceled over lowball appraisals and a higher number of distress sales,"

The weather! Too funny.
Where the heck is David Lereah when you need him?

Donald Trump

I came across an interesting piece regarding Donald 'mirror mirror on the wall, who's arrogance trumps them all' Trump and just had to comment on it here today. Full disclosure, I have about as much use for Donald Trump as a case of hemorrhoids but this would disparage hemorrhoids so I won't lump them in with him. Is it just me or is there no one else around to get a quote or sound byte from? I mean seriously. It is truly comical that major news outlets give him a forum but alas such is celebrity in this country. CNN carried a piece today entitled "Trump: I screwed Gaddafi" in which his arrogance boasts about how he put the screws to the Colonel on a real estate deal.

You don't say?
You Donald Trump put the screws to someone? You mean like Trump casino bondholders?
What a shocker.

In the CNN piece Trump claims:

"I rented him a piece of land. He paid me more for one night than the land was worth for two years, and then I didn't let him use the land. That's what we should be doing. I don't want to use the word 'screwed', but I screwed him."

This is now what passes for capitalism in America. Worshipping at the altar of the almighty dollar. Putting the screws to people. Well, that and getting a bailout is what passes here now. I am sure Donald is mighty proud of his accomplishment.

Listen, Gaddafi is no angel, and neither are the countless other scum who pillage and plunder for their personal gain while their people live in squallor all over the middle east but come on this is what wants to run for President of this great land? You're kidding. This is who claimed at the CPAC convention that Ron Paul didn't have a chance. Like Trump would be able to restore Americas standing and honor. What a joke.

Maybe Mr. Trump might be better suited teaching at a prestigious Ivy league school where he can mold some future movers and shakers for Wall St. and Washington.

How about this curriculum?

Ethics is for Wimps 101.
Twisting the Screws 202.
Self Aggrandizement 303.
Going BK and Bouncing Back Unscathed 404.

How Goldman Sachs let a quality hire like Donald Trump elude their clutches is beyond me. With men like Donald Trump at the forefront of business in this country I can't imagine why anyone here would have anything to worry about.

Warren Buffett

And last but not least I see the oracle himself is at it again back on tour. Yes the hypocrite of the year in this Bloomberg piece Buffett Says U.S. Economy Improves by the Month, Can Withstand Japan Quake had this to say:

“The most important factor is the really underlying resilience of capitalism,” Buffett said today at a press conference in Bangalore. There are more than 300 million Americans “thinking about how to do something better tomorrow than they’ve done today.”

You're hilarious Mr. Buffett. Maybe if you were to substitute resilience of capitalism with either crony capitalism, too big to fail capitalism or heads I win tails taxpayers (re: you) lose capitalism and you might find a modicum of truth to your statement.

As for that last line about what 300 million here are thinking about doing something better tomorrow Buffett might be right. Like the 44 million on food stamps might be thinking about something better. Or the people who've seen the social welfare payments as percentage of income has gone from 10% in 1960 to 21% in 2000 to 35% of the population now might be thinking of something better.

"Warren Buffett, whose Berkshire Hathaway (BRK/A) posted its biggest profit since 2007 last year, said the U.S. economy is “getting better month by month,” aided by government stimulus and the strength of capitalism."

None of this applies to Warren and his co hypocrite-in-chief Charlie "suck it in and cope' Munger. One's just gotta adore the 'aided by government stimulus and the strength of capitalism' line.

An oxymoron if I ever heard one.

Don't you just love how the fawning sheeple over at Bloomberg conveniently omit the oligarch's bailout from the discussion. It must be too distracting to discuss this while simultaneously throwing rose petals at Mr. Buffett's feet.


John said...

I really enjoy your posts. Also i am glad some people know what a piece of garbage Buffet is.

Harleydog said...


thx for reading and your kind words. Yes, the combination of time and a society, that is slowly sobering up, will expose Buffett for all he is.