Warren Buffett Losing it? Attacks Tea Party over "Anger"

When you think of Warren Buffett, the first thought that usually comes to mind is one of the greatest investors of all time, with the trained ability to be able to consume economic data in a way that he can make extremely accurate projections of how a company will perform over the long term; something a small handful of people have the skill to do. And Buffett is among the elite in history.

Buffett's problem is in his later years he has increasingly emerged as a big government backer, and as committed to Keynesianism as anyone around, and uses his popularity to justify outrageous spending, especially by his man Obama.

It makes me wonder if the years he spend building his legacy will crumble from these last years of his life, as America rises up against the things he's supporting and backing.

Recently he made the incredible statement that Americans should quit being angry at the government, and get over it. That was a direct attack on the tea party movement, no matter how it is spun later.

After all, while the majority of Americans are already fed up with the Obama administration and their destructive policies, the tea party is the outlet of that frustration, and for Buffett to outright attack them and their anger, goes beyond his pay grade, as some politician said not that long ago.

Buffett said, "...it is not helpful to have people as unhappy as they are about what’s going on in Washington.”

As Buffett has aged, he doesn't seem as coherent as he was in his youth, and he can make what appears to be contradictory statements about the same issue.

For example, he says we shouldn't be angry, but then says things like this: “The truth is we’re running a federal deficit that’s 9 percent of gross domestic product. That’s stimulative as all get out. It’s more stimulative than any policy we’ve followed since World War II.”

He also recently stated we're still in a recession, something we've continue to say here at Commodity Surge.

So the government is stimulating beyond imagination, stealing from the future of our children and grandchildren, saying they're ready to do it again via the Federal Reserve, but we need to just relax and let the government do what it wants no matter how destructive it is.

Respected or not, Buffett is just another Obama backer who drank the Kool Aid and in a state of being mesmerized, throws away a lot of what he would have opposed in the past.

In reality, it seems Buffett has been afraid of the government because he understands the monopoly it holds, and how it extends beyond its mandate.

That's why if you ever read his Berkshire Hathaway (NYSE:BRK-A) quarterly reports, you'll see he never attacks the outrageous taxes corporations and individuals have to endure from the government, as he knows it'll cost him and his company when he becomes a target.

Also remember that Buffett has stated more than once in the past that he prefers monopolies in the business world, and it seems by extension, he likes how the government can be played to take advantage of their monopoly in a way to advantage Berkshire Hathaway.

In the end, I think Buffett's legacy is going to suffer for his attempt to prop up Obama and his policies, which is doubtful he would put up with from any executive in his numerous companies.

Buffett isn't stupid by any stretch of the imagination, but he abandoned the ways of his father Howard Buffett long ago, who was a champion of limited government and free markets.

It would have better for Buffett if he would have stuck to what he was best at doing, and not venture into politics, which has now stained his reputation, and brought out against the mainstream of American thinking.

Maybe people should starting thinking of boycotting his companies to show them what they think about his words and actions.

If you're not convinced the directly attacked the Tea Party, you don't see what he actually said. The public anger is being expressed through the Tea party movement, and his attempt to strip the anger away from the movement is a direct attack against it, because the healthy anger is driving the vermin out of office; both Democrats and Republicans.

This is evidently too much for even Warren Buffett to put up with, and he couldn't just leave it alone like he should have.