The article Perry swings and misses on Buffett’s business acumen makes some interesting points.
When asked about the “Buffett rule,” which says Americans making more than $1 million a year should pay, at minimum, the same tax percentage that the middle class does, Perry said Buffett doesn’t know “what’s going on out there in the real world.”
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During the decade that Perry has enjoyed a lifestyle made possible by Texas voters and taxpayers, the Berkshire Hathaway CEO has pumped a considerable portion of his company’s resources into Fort Worth.
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In early 2010, Buffett acquired Fort Worth-based BNSF Railway.
That would be the BNSF that announced in February it would spend $3.5 billion this year to upgrade railroad tracks and buy equipment as the company reinvests to keep pace with a growing volume of freight shipments.
The BNSF that is slated to spend $450 million on 227 new locomotives and $350 million on new rail cars that will be built by GE Locomotive, which is moving to Alliance Airport — with the help of Texas Enterprise Fund money — in large part because of Buffett’s BNSF.
To paraphrase something I heard, “Perry is another George W. Bush, but without the business acumen.”
(For those who don’t get the joke, George W had no business acumen.)