{"id":8179,"date":"2011-10-05T11:06:43","date_gmt":"2011-10-05T16:06:43","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=8179"},"modified":"2011-10-05T11:06:43","modified_gmt":"2011-10-05T16:06:43","slug":"perry-swings-and-misses-on-buffetts-business-acumen","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2011\/10\/05\/perry-swings-and-misses-on-buffetts-business-acumen\/","title":{"rendered":"Perry swings and misses on Buffett’s business acumen"},"content":{"rendered":"

The article Perry swings and misses on Buffett’s business acumen<\/strong><\/a> makes some interesting points.<\/p>\n

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.”<\/p>\n

…<\/p>\n

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.<\/p>\n

…<\/p>\n

In early 2010, Buffett acquired Fort Worth-based BNSF Railway.<\/p>\n

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.<\/p>\n

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.<\/p><\/blockquote>\n

To paraphrase something I heard, “Perry is another George W. Bush, but without the business acumen.”<\/p>\n

(For those who don’t get the joke, George W had no business acumen.)<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-8179","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/8179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=8179"}],"version-history":[{"count":1,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/8179\/revisions"}],"predecessor-version":[{"id":8180,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/8179\/revisions\/8180"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=8179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=8179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=8179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}