rich and the poor, and we found out that a rising tide just lifted all yachts, not all boats. >> warren buffett has been practically begging the country, begging congress to tax him more. in fact, many of the richest americans like buffett, bill and melinda gates and ted turner say that they should pay higher tax. >> the rich are always going to say, you know, just give us more money and we'll go out and spend more and it will all trickle down to the rest of you, but that has not worked the last ten years, and i hope the american public is catching on. >> the debate over whether the rich should pay more taxes takes place outside washington, d.c., as well. in washington state, for instance, where bill gates sr. has been passionately championing a new tax on the rich. >> initiative 1098 is about soaking the rich. >> washington is one of seven states with no state income tax. >> vote yes on 1098. >> proposition 1098 that was in washington state to try to bring a wealth tax. >> yeah. >> championed by bill gates sr., supported by bill gates. >> right. >> it failed. >> right. it got beat pretty badly

in the same exact herald tribune i think you own cool sound this is from warren buffett he's thanking the government for bailing out all of the banks in particular he mentions tarp so he said if it hadn't been for them rescuing the financial system there would be chaos and there would be rude but of course we know that sam is only his uncle sam is not our own goal but warren buffett's reputation is taken the man is beating because c manipulate the market during tarp one of the subsidiaries what koby involved in hundreds of millions of dollars of the drug laundering from mexican drug cartels is a cohort charlie munger was caught telling people on television suck it up get a job you loser even though he's white bird from the gutter who warren buffett took pity on as part of some friend relationship and all kinds of folks barry ritholtz over there the big picture dot com just wrote a very scathing piece against warren buffett he's always been held up as a model capitalist and it's it's for some people it's disheartening to find out that he's just another financial terrorist another scum

on television suck it up get a job you loser even though he's a mom wiper from the gutter who warren buffett to p.t. on as part of some friend relationship and all kinds of folks barry ritholtz over there the big picture dot com just wrote a very scathing piece against warren buffett he's always been held up as a model capitalist and it's it's for some people it's disheartening to find out that he's just another financial terrorist another scum another guy who's just milking and building the public he'd come on the show if he had some but i'm sure down there in omaha he stays away from the madding crowd to soon be showing up with their pitchforks well of course warren buffett has also famously defended the practice of naked short selling and this takes us to our own viral campaign which is crash j.p. morgan by silver now the reason why i wear encouraging people to buy just one ounce of silver is that j.p. morgan is uncle sam they are more than anybody connected to uncle sam and they've been naked shorting selling silver that they don't own in order to suppress the price so we've been sentenc

i had continue better three weeks ago with warren buffett. he knows something about business. he owns a lot of businesses. he employs several hundred thousand people. i said, when will you start hiring? he said, it's not going to be tax cuts. it's not going to be anything coming out of washington. i will start hiring people again when demand picks up. and i said, well, how's that going to happen? he said, it will happen one entrepreneur at a time. one small business at a time. it's somehow making that more comfortable that i think is the president has got to try to do. >> larry: we'll be right back. imagination and reality have merged. because of one word, a new generation-- a fifth generation-- of fighter aircraft has been born. because of one word, america's air dominance for the next forty years is assured. that one word... is how.

. >> and, indeed, warren buffett who knows a bit about business has written an op-ed this last week toually saving the economy. do you give the administration any credit for that? >> yes, certainly, and the economy would be much worse were it not for everything the administration has done but, again, it's hard to prove a negative. it's very, very difficult right now. we look at the degree of anger and upset still there in the american economy, on main street. "the washington post" ran a survey not long ago showing that 53% of homeowners, 53% are worried about paying their mortgage. now, this may be a good economy for wall street. it may be a good economy for the ipos. it may be a good economy for people in the top 1% whose assets are in financial instruments but this is not a good economy yet for most people. >> the economy is showing still slow signs of coming back. the job numbers keep getting incrementally better but not enough to affect the 9.6%. was it -- is it actually going to help? >> the gm ipo. well, i mean -- >> and the measures as warren buffett said that helped keep the ec

i had continue better three weeks ago with warren buffett. he knows something about business. he owns a lot of businesses. he employs several hundred thousand people. i said, when will you start hiring? he said, it's not going to be tax cuts. it's not going to be anything coming out of washington. i will start hiring people again when demand picks up. and i said, well, how's that going to happen? he said, it will happen one entrepreneur at a time. one small business at a time. it's somehow making that more comfortable that i think is the president has got to try to do. >> larry: we'll be right back. >>> i think that there's no . there is a medicare benefit that may qualify you for a new power chair or scooter at little or no cost to you. imagine... one scooter or power chair that could improve your mobility and your life. one medicare benefit that, with private insurance, may entitle you to pay little to nothing to own it. one company that can make it all happen ... your power chair will be paid in full. the scooter store. hi i'm doug harrison. we're experts at getting you the

bush, warren buffett, john lewis, and cellist yo-yo ma.w. bush, warren buffett, john lewis, and cellist yo-yo ma. ♪golden morning family's smiling♪ ♪gonna be a special day anncr: for the perfect start to the perfect day, i always choose land o'lakes all-natural eggs. from hens fed a rich, whole-grain diet with no added antibiotics or hormones. ♪pure and simple always natural♪ ♪our best eggs say land o'lakes♪ land o'lakes all-natural eggs. where simple goodness begins. >>> coming up tonight at 5:00 -- in a fresh new look after a divorce. what are some people doing to give themselves a new look when they re-enter the dating scene? some doctors are calling it a force deals -- divorce deals. >>> some dedicated diners will be eating for free for the next year. chik-fil-a awarded free food to the first people in line. die-hard fans travel across the country for these events. the restaurant opened at 6:00 a.m. some people started lining up at 5:00 yesterday morning. >> free food for a year. >> that is a lot of chicken. >>> let's look at the weeke

leading the list, warren buffett and bill gates.susan glasser, the editor in chief of foreign policy will be joining us in just a couple of minutes to talk about this story and her interviews for the publication. but first an update. >> it is 9:23 a.m. eastern time. steny hoyer says president obama has moved to freeze the pay of federal employees and it should also be extended to military personnel. it would create savings that bad in, in his words, "-- that bad, in his words, "an element of fairness." congressman pence in remarks last night at the detroit economic club says he has not yet decided whether he will run for the presidency in 2012. politico says that house democrats ratified speaker nancy pelosi's choices to nominate steve of ryland and we slaughter. lawmakers hoping to change will have to wait for the next congress to change that goal. a record number of foreclosures are expected to push prices down even further through next year. cleveland recorded the largest decline, where prices dropped 3% from a month earlier. pri

meanwhile, how about warren buffett? he wrote a letter to the government this week. it appeared in "the new york times," essentially thanking uncle sam for the bailout during the financial crisis. do you agree? do you think the government did the right thing? >> well, they did the right thing for warren buffett. i don't want to live it again. i don't want to go through it. we didn't have a second grade depression. people write that off, oh, it's going to be fine. they're wrong. it was a big risk. the government had to take strong action. they did some things i would have done differently, particularly bailing out the banks so completely, not taking any blood for it really. but, you know, i think we should be happy that we have lived through it. although, maria, i think in many ways the recession still lingers. unemployment is high. we're growing, but slowly. >> so what kind of a 2011 are you looking for? we're starting to see some stability in the economy. retail sales certainly was one bright spot. initial jobless claims seem to be stabilizing. how do you feel about

the only one that was not insured was warren buffett, and he is no longer writing insurance on municipal bonds. because we are a strong rating, you do not need to buy additional ratings. they have chosen not to buy it either. we think there will be a normalization over the next couple years, so i want to make sure you are aware of that, and lastly, the private use. because we sell a portion of the water to california walker, we are always making sure we are selling a small amount of taxable commercial paper to make sure we provide regulation. we are really on track, and i think there are additional savings for rate-payers. >> thank you so much. >questions or comments devlin -- or comments? >> they have to buy everything or nothing. bring the checkbook. i would also like to acknowledge mark. he is the debt manager who does the heavy lifting. if i could have the public manager rise, too. >> thank you very much barry and -- very much. >> team effort. we really appreciate it. is there a motion? >> i think we have reached the circumstances were the documents way more than i do, and i need to

has an exit he's got uncle sam no net jets warren buffett's company i need an exit i need a vector i need a vector now help me well look at this exit plan for the corrupt global money printers the debt pushers here's a tweet from james g. records as we predicted i.m.f. has devalued the dollar inside the s.d.r. basket so doull are now loosing to gold and s.t.r. is to of course nobody else you and i joe back to donuts pierre bag of begets has no option to get to trade in the s.t.r. you have to pay all your debts and the dollar these people get to pay and devalued dollars via the s.t.r. and rickards is really a guy you've got to watch he's got he's an insider on all things financial and he's absolutely right the s.d.r. currency of fabricated new global currency is the shadow banking system attempting to give a lots of folks an exit strategy to swap their dollars for something else on their way to buying precious metals and other assets that are moving up and prized for these folks they see nothing but inflation for people trying to work for a living they ceased isolation they see prices

that's a quote from one of the richest americans out there, billionaire warren buffett.id that taxes for the lower, middle class and possibly even upper middle class ought to be cut further. but he said, quote, i think people at the high end, people like myself, should be paying a lot more in taxes. we have it better than we've ever had it, unquote. hey, so send him a check. write it out and mail it into the u.s. treasury. buffett says the rich insist if their taxes are lower and they have more money, they'll spend it and then it will trickle down. but he says that hasn't happened for the last ten years. buffett is not the only super-wealthy person to advocate more taxes. a group of 45 people come call themselves patriotic millionaires agree. they're asking president obama to allow the bush tax cuts to expire for incomes over $1 million. critics of the critical motivations of this group are several. in any case, if congress does nothing about the bush tax cuts and so far that's what they've done, nothing, there are 39 days left until the largest tax increase in american

billionaire, warren buffett, he doesn't see it that way. this is what he said yesterday. >> the rich are always going to say that, you know, that -- just give us more money and we'll go out and spend more and it'll all trickle down to the rest of you, but that has not worked the last ten years, and i hope the american public is catching on. >> buffett is spot on. some people are catching on a group of wealthy americans, they dhaumzs patriotic millionaires for fiscal strength they're calling an end to the bush tax cuts if the rich. put on out a statement. "we are writing to urge you, mr. president, to stand firm against those who would put politics ahead of their country for fiscal health and our nation and the well-being of our fellow citizens, we ask that you allow tax cuts on incomes over $1 million to expire at the end of this year as scheduled, we have done very well over the last several years now during our nation's moment of need, we are eager to do our fair share. we don't need more tax cuts." so who's the patriot here, folks? is it

get given, but for god sake you 45 millionaires and warren buffett who i lov

warren buffett tabout economy, tauch things which are going front and centehe cess when it gets back this week. ted turner talks about his effort, which is to reduce r wend tf course, has the poteal cthe >> perhaps the highest combined network on a sunday morning show ever. christiane amanpour, appreciate it. good to see you here in new york city this morning. lay oime, shoulr w jbbaris w he's ge re t ave a 2-oldt in the murder of his ex-girlfriend, th col bal tol aou jenni-lyn watson had been missing for more than a week. abc's mike marusarz reports. >> reporter: searchers discovered the body par outside syruse. investigators now confirm it's 20-year-old jenni-lyn wats the disitornays remains were, dke garbage." watson's ex-boyfriend, 21-year-old steven pieper, has been charged with second degree murder. police believe he killed watson in her parents' house nine days ago. >> retreated, mr. pieper, as far as you folks were concerned as a witness who was cooperating and yet we knew very, very early on that he was our prime suspect. >> reporter: the ballerina had just come home for tha

you have a good argument by warren buffett. it's not a paradigm that it's something you want to do all the time. this was an emergency response but what it shows is the intersection and the interaction of the public and private sectors. people who think it is a war of public versus private are wrong. there are roles for both. the best proof was ford which was not itself facing bankruptcy which was not going to be asking for any of the money was a strong advocate for voting the money for general motors and chrysler which was the supply chain. the other industries. there is a lot of lip service in america to promote manufacturing in america. it's a hard thing to do. the single most effective thing we have done to sustain manufacturing in america and begin to expand it was voting the money that was lent to general motors and chrysler that in the case of general motors is going to be paid back and substantially for chrysler. it is an argument. it's proof that the notion that it's a war between the private and public sectors is mist

international raceway striking a deal with gei co owned by warren buffett's berkshire hathaway. is warren buying nascar at a bottom. >> the gei co is great but it symbolized nascar creativity. a five-year deal, seven tracks, increases revenue. 155 million unique viewers and nascar by far and away is the most brand loyal of any sport corporate america loves nascar. >> tom: it is the number one spectator sport in america, no doubt about it. moving on, home court advantage or not for nike. basketball shoe business is big at nike. under armor the upstart going after it take a look at this pie chart. nike owns 95% of this u.s. basketball shoe market. under armour has introduced a new shoe in the past several weeks. stock at three year highs. what is the risk for underarmour. >> that is not even a sliver for thanksgiving dinner, that other. 0.14% market share for underarmour but they are doing stuff about it. they looked at getting into the college market. then they are dealinging with major league baseball for endorsements and now that famous basketball shoe they introduced. >> tom: w

secretary paying more in a percentage of taxes than warren buffett does.wrong with the tax code in this country. >> i confess i'm in the same category as warren buffett. >> should you pay more? >> of course i should. the idea of raising the idea of raising taxes for people making less than 250 is unthinkable. it wasn't long ago we thought the clinton tax rates were fine. the country made happy. the rich got richer faster than everybody else. as you said, we cannot address this budget deficit in a serious way without addressing taxes. >> when you have guys like steve rattner saying not only you think you should pay more but you're willing to. >> i'm very willing to. >> morally the right thing to do? >> morally the right thing to do. >>> national polls out from quinnipiac university asking vote es for their opinions about potential candidates in the 2012 election. does president obama deserve a second term? look at these numbers. pat, help me out with this. 43 brs say yes and 49% say no. what does that tell you at this point in the game? >> it doesn't tell m

>> i think they will touch means testing, because as warren buffett says, he should not get a social security check the fairness of these cuts and tax cuts passed to be dealt with. some of these proposals her to the 69-year-old -- listen, a blue-chip corporate lawyer, all of us, we can work until 69. my irish grandmother is working in a hotel changing beds and she cannot work until she is 69. income tax or the tax cuts should put another $40 trillion hole in the tub is it with tax cuts for the wealthy? let us put all of this together and make it fair. >> let's listen to erskine bowles, co-chair of the deficit who was bill clinton's chief of staff. >> we are clearly on an unsustainable path. we cannot grow our way out of this problem, we cannot tax our way out of this, we cannot cut our way out of it. every single member of congress knows that the path we on today is unsustainable, and if we don't bring these deficits down and eventually get to balance, we are headed for disaster. >> there are 12 members of congress on this 15-member commission, charles. >> listen, there's no way the