THE PLANK JANUARY 16, 2009
-
Read Later
READ LATERAvailable only to subscribers. SUBSCRIBE TODAY
-
Listen
ARTICLE AUDIO
- Font Size
...and not the Times. I'd guess it goes by the name "Warren Buffett," the informal Obama adviser and Post board member. Here's Obama about 19:40 into yesterday's interview: "Now I don’t want to have a very detailed conversation in front of Warren Buffett, because he will recognize every wrong thing that I say here..."
Not a bad card to play if you're a media organization trying to broker a sit-down with the president-elect...
P.S. By the way, the full quote is very reassuring to those of us who worry that the economy won't recover until we fix our broken financial system:
We can’t just spend our way out of the problem. At some point credit has to flow effectively. Now I don’t want to have a very detailed conversation in front of Warren Buffett, because he will recognize every wrong thing that I say here. But I think he would concur with the general proposition that the credit markets are still very weak. That banks now are fully caught up in a downward spiral where they have now affected the real economy [and] the real economy is now affecting their balance sheets. So we’re going to have to intelligently and strategically infuse some additional capital into the financial system…
Well said.
--Noam Scheiber
4 comments
Didn't Reverend Sun Myung Moon buy the Washington Post too? I thought that was the reason I stopped reading it. In any event, the mission of the Washington Post, like the mission of the Washington Times, is to become "the instrument in spreading the truth about God to the world"
The capitalist God, in particular. Both the Post and the Times worship that one.
.And listening to Barry channel Warren Buffet to the Washington Post about the American financial crisis is analogous to watching CNBC's Fast Money while the whole thing came crashing down.
These guys talked and talked and talked about The Crisis from every conceivable angle. Aside, of course, from the one that actually caused it.
And I suspect the reason they steered clear of that had something to do with the way in which CNBC was airing commericials between the segments from the very corporations on Wall Street that played crucial roles in toppling the dominos. Not once did the words "political economy" ever come up.
george walton
- iambiguous
January 16, 2009 at 10:57pm
George, that was the Washington *TIMES* that Sun Myung Moon owns, not the Post.
- ellisfam
January 17, 2009 at 10:39pm
Congress Debates Adding Elaborate Dance To Obama's Inauguration Ceremony The New Congress 2009: Understanding The 111th Congress, January 27, 2009 Capitol Hill Workshop: Politics, Policy, and Process, February 11-13, 2009 The President's Budget, February
- Anonymous
January 19, 2009 at 7:11am
Congress Debates Adding Elaborate Dance To Obama's Inauguration Ceremony The New Congress 2009: Understanding The 111th Congress, January 27, 2009 Capitol Hill Workshop: Politics, Policy, and Process, February 11-13, 2009 The President's Budget, February
- Anonymous
January 19, 2009 at 7:11am