Buffett: “We Are Much Better Off… Things Are Immeasurably Better Than a Year Ago”

That is what Mr. Buffett had to say last week, on CNBC, on the anniversary of Lehman’s collapse. The questions are: Who are “we” and for whom are “things immeasurably better?” Certainly not for the working class Americans (5.8 million Americans have lost jobs in the past 12 months!) and not for small businesses.

Mr. Buffett has admitted that he would be on the streets (looking for a job!) had the govt. not backstopped the commercial paper market. Yes, financial manipulators and speculators, including Mr. Buffett, were saved by immoral and unethical actions of the corrupt policymakers at taxpayers’ expense and indeed things are lot better for them today than a year ago. Mr. Buffett is an example of how rich and powerful in America have succumbed to immorality in order to remain rich and powerful. Here is what Alan Abelson had to say about Mr. Buffett’s praise of his saviors:

“WELL, IT'S OFFICIAL. BEN BERNANKE IS A HERO. HE was anointed to that elevated status by Warren Buffett only last week. With all due respect to the Fed chairman, we suggest he not let it go to his head. For in the same breath, Warren also made heroes of the once and present Treasury secretaries, Hank Paulson and Tim Geithner.

“Any doubt that Mr. Buffett was serious was erased by the gravitas of the hallowed surroundings in which he offered his benediction -- CNBC, renowned far and wide as the epitome of measured judgment and calm sagacity.

“Even before receiving Warren's gracious accolade, Mr. Bernanke had been the object of increasing veneration, especially in Washington and Wall Street, those fine contemporary versions of the famed biblical pair Sodom and Gomorrah, for delivering us from the jaws of another Great Depression. And he did so by speaking softly and carrying a big bag of money.”

Mr. Bernanke is an evildoer, together with his predecessor, Alan Greenspan, who actively created the crisis by a willful evil act of pushing debt throughout their occupation of the office of the Fed Chairman. Bernanke is a firefighter who resorted to arson to be first on the spot to fight the fire and be claimed as a hero. Mr. Buffett himself is a folk hero and with heroes like Bernanke and Buffett America’s economic fate is sealed—decades of depression and lower living standards for the vast majority of working class Americans. I know, things are lot better off for likes of Mr. Buffett.