Warren Buffett on Obamacare
A three year old interview was taken out of context by a blogger. Now Republicans are running with it. It doesn't matter how many times Buffet denies he called for scrapping the Affordable Care Act. Certain politicians are bent on misinformation.
A week ago, billionaire investor Warren Buffett denied he wants to “scrap” Obamacare, calling such reports “totally false.” But that has done little to stop some Republicans from spreading the rumor.There's more at Factcheck.org. The article takes us back to the origins of this lie. The interview was on CNBC in March, 2010.
A day after Buffett’s denial, Rep. Jim Jordan said, “All the momentum is in our direction. Warren Buffett said yesterday, ‘Scrap the bill.’”
In the CNBC interview, Buffett talked about the high cost of health care in the United States — which he correctly said consumes about 17 percent of the nation’s gross domestic product. He compared health care costs to “a tapeworm eating, you know, at our economic body.” He then said the Senate bill would do little to address the cost of health care.
“Unfortunately, we came up with a bill that really doesn’t attack the cost situation that much. And we have to have a fundamental change,” Buffett said.So, what are the ethical standards of politicians who fail to check sources? What about when they know something to be untrue and they continue telling the lie? Is the standard among partisans that you can say or do anything as long as you win? Has this become the ethical standard for our society? country?
The host, Becky Quick, asked Buffett if he was “in favor of scrapping this and going back to start over.” He said: “I would be if I were President Obama.” But he also said that he wasn’t changing his mind on the bill and he preferred it to the status quo.
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