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Warren Buffet adds muscle to Schwarzenegger's campaign

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  • Warren Buffet adds muscle to Schwarzenegger's campaign

    SAN FRANCISCO: Seeking to add muscle to his team, Arnold Schwarzenegger named financial heavyweight Warren Buffett his senior economic adviser on Wednesday as the actor prepared a high-profile run for California governor.

    Late in the day, state election officials certified a final list of 135 candidates after rejecting more than 100 applications as incomplete. The roster is the longest list of candidates to run for governor in state history.

    Schwarzenegger was assured a place in the crowded field that ranged from serious politicians to pornographers. Schwarzenegger received a boost with Buffett on board, pairing a movie star completely untested in politics with a Wall Street sage who is the world's second richest man.

    "Warren is helping me bring together a world-class team to assist me in addressing the problems and challenges facing businesses, investors and job creators in California," Schwarzenegger said in a statement. "Warren has a commonsense approach to business issues and an integrity that is unmatched. That's the same way I want to approach governing."

    Democrat Gray Davis, unpopular because of the state's fiscal crisis, on October 7. faces the first recall vote against a California governor in the state's history. Should voters recall Davis, Schwarzenegger, who is ahead in polls among alternate candidates, could take over the richest US state.

    After a blast of publicity since first joining the race a week ago, the former bodybuilder and top box office draw has in recent days concentrated on putting together his campaign team. He also reported on Wednesday that he had contributed $1 million of his own money to his campaign.

    Naming Berkshire Hathaway chairman Buffett, whose father served in Congress, could add gravitas to a campaign that has shown more Hollywood glitter than policy heft so far.

    ...
    http://economictimes.indiatimes.com/cms.dll/html/uncomp/articleshow?msid=130249

    How much do you think this will help Arnie's campaign if at all? Does Buffet have the background to competently advise Arnie anyway?
    I make no bones about my moral support for [terrorist] organizations. - chegitz guevara
    For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. –Senator Rubio

  • #2
    When I first Saw Buffet To Join..., I thought of Jimmy.
    Life is not measured by the number of breaths you take, but by the moments that take your breath away.
    "Hating America is something best left to Mobius. He is an expert Yank hater.
    He also hates Texans and Australians, he does diversify." ~ Braindead

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    • #3
      wow.

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      • #4
        That has to give the Gov-inator a big boost to his credability. Buffet deals with economic matters every day so he probably has a good handle on what needs to be changed.
        Try http://wordforge.net/index.php for discussion and debate.

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        • #5
          Well, at least he deals with bonds every day. That can't be bad for CA, given its generally pathetic rating.
          I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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          • #6
            Wow is right.
            (\__/)
            (='.'=)
            (")_(") This is Bunny. Copy and paste bunny into your signature to help him gain world domination.

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            • #7
              I like this move for a lot of reasons... most of all because it's totally unexpected.

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              • #8
                Someone should remind Schwarzenegger that he is running as a republican not a democrat.
                'There is a greater darkness than the one we fight. It is the darkness of the soul that has lost its way. The war we fight is not against powers and principalities, it is against chaos and despair. Greater than the death of flesh is the death of hope, the death of dreams. Against this peril we can never surrender. The future is all around us, waiting, in moments of transition, to be born in moments of revelation. No one knows the shape of that future or where it will take us. We know only that it is always born in pain.'"
                G'Kar - from Babylon 5 episode "Z'ha'dum"

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                • #9
                  Buffett won't add that much, not because of Buffett himself or Schwarzenegger, but simply because the state doesn't do that much in terms of direct incentives. The biggest single impact the state has on large employers (number of bodies, not necessarily dollars) is the insane worker's comp system and the tortfest that's the official state trial lawyer's playground.

                  What will "fix" things is mostly arcane structural **** that's unsexy and most of the public knows nothing and cares less about. Buffett adds a good appearance of credibility, and his presence might help the state in the bond market (the market is so jaded with Cali though that it might not make much difference)

                  Most people do business in California for two basic reasons: they serve a California market in a way that can't be more easily served elsewhere, or else they already live here or want to. Even if the state magically got it's **** together and fixed it's own contributions to the problem, California has high inherent costs of everything, so it's still not that attractive to business that doesn't have some hard attachment to the state anyway.
                  When all else fails, blame brown people. | Hire a teen, while they still know it all. | Trump-Palin 2016. "You're fired." "I quit."

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                  • #10
                    He's running as a moderate which is as far right as a politician can get in California without getting lynched by the electorite.

                    Given a choice between reelecting an incompetent weed (who does say, but doesn't do, all the right things) like Davis or a right wing extremist like Bill Simon then they will reelect Davis. It's to bad the Republicans always demand ideological purity tests instead of sending up candidates like the Gov-inator who actually stand a chance to be elected.
                    Try http://wordforge.net/index.php for discussion and debate.

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                    • #11
                      Buffett is an investor, not an operations man. Another thing is, of course, public finances should not be run the same way as private companies.
                      (\__/) 07/07/1937 - Never forget
                      (='.'=) "Claims demand evidence; extraordinary claims demand extraordinary evidence." -- Carl Sagan
                      (")_(") "Starting the fire from within."

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                      • #12
                        God forbid we be responsible with money, eh UR?
                        "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
                        Ben Kenobi: "That means I'm doing something right. "

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                        • #13
                          Originally posted by Asher
                          God forbid we be responsible with money, eh UR?
                          I make no bones about my moral support for [terrorist] organizations. - chegitz guevara
                          For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. –Senator Rubio

                          Comment


                          • #14
                            I hate much of Warren Buffett's politics, but the man is the best investor in the world. If Arnold can attract such high caliber people to his governorship, then it would be worth it for California to dump Davis for Arnold.
                            I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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                            • #15
                              a lot of conservatives are complaining about him too.

                              I don't see why. If he's a billionaire, he must know a thing or two about money.

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