Monday, January 23, 2012
"I scratch your back.. you scratch mine.."
"Warren Buffett’s Burlington Northern Santa Fe LLC is among U.S. and Canadian railroads that stand to benefit from the Obama administration’s decision to reject TransCanada Corp. (TRP)’s Keystone XL oil pipeline permit." (Bloomberg)
But why would Obama feel indebted to Buffett?
"Mega-star investor Warren Buffett will be hosting a fundraiser for President Obama on September 30 (2011) in New York City... the event is slated to be an "economic forum"" (Fox News- Aug 25, 2011)
"Warren Buffett attended a Chicago- area fundraiser last night (Oct 27, 2011) to benefit President Barack Obama’s re-election, the second time this year the billionaire investor has lent his appeal to help collect campaign cash for the man who has named a tax-increase proposal after him." (Bloomberg- Oct 28, 2011)
Ahh.. That's why.