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September 24, 2008


I lost a good deal of respect for Buffett during "townhall meeting" that followed the I.O.U.S.A. premiere last month. David Walker and the other panelists were mostly negative on the economy and the massive debt we've piled up (to the tune of $53 trillion in future obligations...primarily medicare and social security). Buffett came off as very upbeat, mentioning time and time again that "the pie keeps getting bigger" (in reference to GDP). It was as if he had zero clue that the government flat out lies about inflation and GDP numbers.



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