Warren Buffett Has Just Placed A Big Bet On The 2016 White House Race

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He’s one of the world’s richest men, considered by many to be the world’s smartest investor. Warren Buffett, CEO of Berkshire Hathaway, has been hailed as “The Oracle of Omaha,” whom lots of savvy people follow in deciding where to place their bets when it comes to picking stocks.

Now, in an extraordinary move, Buffett has placed a revealing bet of his own, a political wager of sorts — his first-ever check to an independent political action group. Warren Buffett has given $25,000 — the maximum allowed — to the Ready for Hillary campaign.

As reported on bloomberg.com:

The Oracle of Omaha gave the maximum donation allowed to Ready for Hillary last quarter, his first-ever check to the sort of independent political groups that he’s scorned in the past.

Buffett, who is the third richest man in the world, gave $25,000, the most any individual can donate under the committee’s self-imposed cap, according to a person familiar with Ready for Hillary’s post-election financial disclosure report.

Despite being the sort of wealthy capitalist that liberals so often bash and trash, Warren Buffett has long been a big-dollar supporter of Democrat candidates for high office — even an uber-progressive like Barack Obama.

Last cycle, he headlined fundraisers for Obama’s re-election, though he rebuffed solicitations by Priorities USA Action, a super-PAC supporting the president.

“I don’t want to see democracy go in that direction,” he said in May 2012 when asked at his company’s annual shareholder meeting about his position on giving to outside groups. “You have to take a stand some place.”

Apparently, Buffett has decided to “take a stand” some place else, as he has now reportedly chosen to spread his wealth around an independent political group backing the front-line Democrat he has long favored.

“Hillary is going to win, yeah,” he said at Fortune’s Most Powerful Women Summit in October. “I will bet money on it. And I don’t do that easily.”

The Ready for Hillary organization has become a powerful campaign-in-waiting for the former secretary of state and first lady. It reportedly has gathered an impressive list of 3 million supporters — a formidable list that would apparently be turned over to the official Clinton presidential campaign…should Hillary decide to run, of course.

But given the first-of-its-kind donation just made by the closely watched Oracle of Omaha, it would certainly appear that decision is a sure bet.

Western Journalism just posted an article on another potential 2016 presidential candidate who has reportedly been wooing his own set of campaign donors. You can read that post by clicking here.

Photo credit: Talk Radio News Service (Flickr)

This post originally appeared on Western Journalism – Informing And Equipping Americans Who Love Freedom

Warren Buffett’s Unprecedented Financial Support Of Abortion Defies Belief

As leftist politicians like Senate Majority Leader Harry Reid castigate wealthy Republican donors Charles and David Koch, they conveniently ignore the massive influx of capital benefiting their causes from the likes of billionaire investor Warren Buffett.

Recent reports indicate that, while his giving to liberal causes is widely known, the amount he has earmarked for one specific issue is staggering. Between 2001 and 2012, Buffett contributed a whopping $1.2 billion to abortion providers and affiliated organizations.

The revelation, largely ignored by mainstream media sources, triggered investigative reports of Buffett’s charitable organization, the Susan Thompson Buffett Foundation. Not only is the charity named after a vigilant pro-abortion activist who happened to be his first wife; Buffett also chose a radical anti-lifer to head its domestic operations.

Dr. Tracy Weitz not only includes several abortion advocacy groups – including Planned Parenthood – on her resume; she had the audacity to refer to the murder of an unborn child as “a moral action undertaken by moral agents.”

In fact, as Fox News reported, the organization’s website explicitly states the foundation “responds to questions about College Scholarships and the Alice Buffett Outstanding Teacher Award” and “will not respond to any other inquiries.”

The media seems complicit in keeping the outrageous sum of pro-abortion spending under wraps. Reports indicate that out of hundreds of news segments devoted to Buffett on network news programs since 2001, none indicated his predilection toward financially funding child murder. One NBC report, however, did mention his late wife’s work with Planned Parenthood during its on-air obituary for her.

Of course, Buffett’s contributions are in no way illegal; and, as most Americans would agree, he should be free to support whatever causes he deems worthy with his own money. The lengths to which he has apparently gone to obfuscate those donations, however, is telling.

When the press got word that former Mozilla CEO Brendan Eich made a comparatively minuscule one-time contribution to a traditional marriage initiative, many journalists seized on the manufactured scandal and prompted his ouster. When Buffett donates more than a million times more money to ensure the murder of the most helpless among us, however, the same sources are conspicuously silent.

This post originally appeared on Western Journalism – Informing And Equipping Americans Who Love Freedom

This Far-Left Billionaire Joins Keystone Pipeline Supporters

Despite the best efforts of environmental extremists staging sparsely attended protests across the nation, more Americans than ever support the construction of the Keystone XL pipeline. The project is heralded not only for its job-creation potential, but also for the fact that it would lessen America’s dependence on oil from nations that want to destroy the U.S.

Barack Obama previously spoke out against the pipeline; however, he is expected to announce an updated opinion on the issue later this year. Meanwhile, even some of his most ardent supporters are joining the ranks of those who believe the pipeline is in this nation’s best interest.

In a recent CNBC appearance, Obama acolyte and famed investor Warren Buffett expressed a fairly strong defense of the project. Even though the pipeline would in some ways compete with his own company, Berkshire Hathaway, he said the trade-off would be worth any losses he incurs.

“It’s not that big a competitor,” he said, sharing his belief that “probably the Keystone pipeline is good for the country.”

He said he would cast a vote in favor of the project, though the impact it would have on the nation’s chronic unemployment was not a major concern.

“I don’t believe in the Keystone pipeline because of the jobs you’d make building it,” he said. “You can build anything and create jobs. I just believe it’s a useful pipeline.”

Berkshire Hathaway’s rail subsidiary BNSF has suffered in its transportation of crude recently, he explained, noting that “oil from the Bakken, and from the Eagle Ford as well, turned out to be more volatile than people anticipated,” leading to slower progress and the need for updated vehicles.

“We have found in the last year or so that it’s more dangerous to move certain types of crude certainly more than was thought previously,” he concluded.

With the Keystone pipeline, oil could be moved much easier, prompting Buffett’s recent plea for the project’s completion. Though he possesses significant influence in leftist spheres, specifically within the Obama administration, he stated that he has “no idea” if the president will ultimately come around to his side on this issue.

Considering the countless ways America has grown weaker under this regime, it would hardly be surprising for Obama to maintain his opposition to this important project. Its completion, however, would be a major boon for the U.S. during a period in which it is needed most.

This post originally appeared on Western Journalism – Informing And Equipping Americans Who Love Freedom

Warren Buffett And Newspapers: Infatuation Or Cold Calculation?

Warren Buffett SC 300x226 Warren Buffett and Newspapers: Infatuation or Cold Calculation?

“For most newspapers in the United states, we would not buy them at any price,” -Warren Buffett in 2009.

“I’ve loved newspapers all my life — and always will…. Berkshire will probably purchase more papers in the next few years.” -Warren Buffett in 2012.

Will the real Warren Buffett please stand up? Is the Sage of Omaha a sentimentalist or a skeptic when it comes to newspapers?

Yes.

That the Berkshire Hathaway CEO has a particular soft spot in his heart for the medium has been clear since he picked up his hometown paper, the Omaha World-Herald, last fall, a purchase many wrote off as a charitable act.

Read More at Forbes. By Jeff Bercovici.

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Buffett’s Berkshire To Buy Media General Papers

Warren Buffett SC 300x226 Buffetts Berkshire To Buy Media General Papers

Billionaire Warren Buffett’s company is making its largest foray into newspapers yet, agreeing to buy 63 papers from Media General Inc.

Richmond, Va.-based Media General says the $142 million deal includes the Richmond Times-Dispatch and the Winston-Salem Journal. The company is selling all its papers except those in Tampa, Fla., most importantly the Tampa Tribune. Media General says it is in talks with others for those papers.

Read More at OfficialWire. By Associated Press.

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