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Home › Money

Liz Smith | 11/18/2008 11:00 pm

Liz Smith: How Warren Buffett's Destroying the Environment

By Liz Smith RSS
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In response to: What do you think of Warren Buffett's suggestion that we buy big cars now because they are so cheap?
Liz Smith

I think Warren Buffett is just trying to get us to spend some money and keep the economy going. He is right, a big car now would be a bargain, but who knows when oil will go up again and those big cars will eventually become drugs (or oddities) on the market. It’s not a nice idea for the environment either. Oh my, I do hate to ever disagree with Warren Buffett, who is a genius.

Click here on this text to read my New York Post column.

 

Read more about: Business, Environment, Finance, Warren Buffett

4 Reader Comments (so far…) Sign In or Register to comment

donna nielsen
as i said elsewhere…dumb idea for the long-run and environmentally irresponsible….it just continues the cycle that needs to be stopped and makes no sense at all….in many ways…
By donna nielsen on 11/19/2008 7:12 am
Ms. Dee
Maybe he’s a twentieth-century genius. So much hinges on the auto industry, but now we know the future of the planet…or at least our species…might depend on a huge auto-industry re-tool.
By Ms. Dee on 11/19/2008 9:29 am
Zera Lee
The Big Three have a lot of cars that are in the same boat as new homes: a dramatic reduction in real worth. IF they cannot sell them, then it adds to their economic problems. If we buy them, given the current situation, it is just another main street bailout of corporate mistakes. One way or another, we will be paying for those cars and trucks. Maybe the CEOs that authorized over-production of undesirable vehicles should buy them. Maybe they should just be sacked without severence.
By Zera Lee on 11/22/2008 12:18 am