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Pretty Good for Government Work
 by Warren Buffet


Dear Uncle Sam,

My mother told me to send thank-you notes promptly. I've been remiss.

Let me remind you why I'm writing. Just over two years ago, in September 2008, our country faced
an economic meltdown. Fannie Mae and Freddie Mac, the pillars that supported our mortgage system,
had been forced into conservatorship. Several of our largest commercial banks were teetering. One of
Wall Street’s giant investment banks had gone bankrupt, and the remaining three were poised to follow.
A.I.G., the world’s most famous insurer, was at death’s door...

Well, Uncle Sam, you delivered. People will second-guess your specific decisions; you can always
count on that. But just as there is a fog of war, there is a fog of panic - and, overall, your actions
were remarkably effective.

Obama did the right thing and he was blamed for that.
He saved GM and Chrysler and now those companies are making a billion dollars in profit.

I saw that 2-3 years ago, GM was losing $1000-plus on every car they sold.
Now they're making $3,000 profit per car and a million jobs were saved,
but Obama was called "a socialist" and he refused to reject that label so it stuck.

Even when Obama hits a home run, he gets booed because he can't control his message.
How is it possible to get "blamed" for saving a million jobs and Detroit?

Some liberals enjoy making long lists of Obama's accomplishments,
but what good does that do when they boo the home runs he hits?

Team Obama  needs to figure out how to make victory work for them.

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