Wednesday, January 2, 2013

Buffett not worried about fiscal cliff | Redux

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Buffett not worried about fiscal cliff

Taxes are too high
Taxes are too high by Gamma Man
License (according to Flickr): Attribution License
Excerpt:

While it's not ideal, the founder of Berkshire Hathaway (BRKA, Fortune 500) thinks that President Obama should be willing to keep pushing for higher taxes on the well-off, even if it causes the financial cliff that would result in the automatic onset of tax boosts and spending cuts on Jan. 1. The U.S. economic climate, he stated, could weather it for a month or two. "We're not going to permanently cripple ourselves," Buffett informed CNN's Poppy Harlow in an unique interview at Berkshire Hathaway's Omaha headquarters Wednesday. Buffett shrugged off the Congressional Budget Office's cautions that failure to resolve the financial cliff by Dec. 31 could possibly result in a recession. "We have a very resilient economy," he stated. "The fact that [ lawmakers ] can't get along for the month of January is not going to torpedo the economy.".

People:

Buffett

Overall Sentiment: 0.0135859

Relevance: 0.919835

SentimentQuote
0.453976"We're not going to permanently cripple ourselves," Buffett told ...
0"It's the tapeworm of our economy," Buffett said, ...
-0.148314"Every one of those dollars goes to someone, and they have a runaway cost problem," said Buffett.
Sentiment Stats:
  • Number of Quotes: 3
  • Aggregate Sentiment: 0.305662
  • Mean: 0.10188733333333
  • Standard Deviation: 0
Disambiguation: BoardMember | Celebrity | CompanyShareholderReferences:

President Obama

Overall Sentiment: 0.319865

Relevance: 0.382527

Poppy Harlow

Overall Sentiment: 0.7883

Relevance: 0.169941

Mitt Romney

Overall Sentiment: 0.0349555

Relevance: 0.168128

Disambiguation: Politician | CompanyFounder | TVActorReferences:

Key:

  • Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
  • The Mean is meant to be an indicator of an individual's average comment sentiment.
  • The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).

Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.

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