
Rich people and politics don’t always mix
Conventional wisdom suggests that politics at the upper echelons, is a rich man’s game. And you can find plenty of examples including our own governor.
However, having money does not necessarily mean you have political acumen. Warren Buffett is a fine example of this. Back in 2003 during the heat of the Recall Election battle, Schwarzenegger announced that Billionaire Warren Buffett would be a key economic adviser.
Buffett’s first act as adviser: tell the media that taxes were too low in California.
Flash forward to September 25th, 2006 and the Governor has pulled Buffet into a day-long fund raising effort starting in San Francisco, in LA for lunch and Orange County for an evening reception.
I hope the Join Arnold folks haven’t forgotten that Buffett is so rich that he tends to say things that us little people just don’t understand and that perhaps he should keep he public… Read More