Wednesday, September 29, 2010

Warren Buffet Buys Ten Percent of Chinese Auto Maker BYD

Everyone knows that Obama - crats are quite vocal in demonstrating against American companies who "export jobs overseas." Those voices see "globalization" as the enemy and say that Republicans are behind it, much the same way Ahmadinajad says the CIA is responsible for 9-11 attacks.

These old-style "globalization truthers" are blind to the billionaire elites like George Soros and Warren Buffet who are strong Obama supporters. Those same globalization truthers would probably have criticized Colombus for opening up European markets and the eventual colonies in the U.S.

But Warren Buffet is a high profile billionaire and his huge investment in a Chinese Auto company could have been made in an American car company. Oh, I forgot.... it's the U.S. government's job to buy up stock in the American companies (with the glaring exception of FORD MOTOR COMPANY).

Not a peep from the "overseas jobs" demagogues. It must be difficult to be so hypocritical as to ignore friendly Obama billionaires while criticizing globalization.

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