A Mighty Economic Smackdown

Seems like Warren Buffett isn't drinking all the Kool-Aid.
Awesome: Warren Buffett Won't Endorse Obama's "Buffett Rule" or Jobs Plan

5 hours ago

Ladies and gentlemen, the ultimate chaser to the president's recent shot of exploitive and counter-productive class warfare. Appearing on CNBC this morning, Warren Buffett declined to embrace Obama's soak-the-rich gambit that is literally named after him. Strike one, Warren:

That's a tad humiliating for the White House, but I'm sure the Oracle of Omaha would at least offer his enthusiastic support for the president's overall jobs plan, right? Um, strike two:

Maybe even a true-blue Obama supporter like Buffett realizes that $1.6 million per job saved or created is pure madness. I'm tempted to go back to Buffett's slap down of Obama's stupid "corporate jets" refrain to ring him up on a third strike, but I think I'd rather hold my fire in the hopes that Buffett will deliver one more fresh embarassment to the administration before the day is done. Alas, I'm probably hoping against hope. You just know Warren's phone started ringing off the hook the moment his CNBC comments lit Twitter up a few hours ago. Oh, and in case you were wondering, the Democrat-controlled Senate still hasn't acted on the president's "pass this bill" demand. Why not? Reid, Schumber, Durbin & Co. do not have the votes:

Senate Majority Whip Dick Durbin (D-Ill.) said, at the moment, Democrats in Congress donít have the votes to pass President Obamaís jobs bill, but Durbin added that that situation would change. ďNot at the moment, I donít think we do, but, uh, we can work on it,Ē Durbin said, according to Chicago radio station WLS.