Saturday, November 20, 2010

Thanks Uncle Warren

Warren Buffett speaking to a group of students...Image via Wikipedia

This op-ed by Warren Buffet is a brilliant piece in several ways. To begin with it reminds us of the pivotal role played by the federal government in averting a second Great Depression. Secondly, it does so in a fairly measured voice. That is, it recognizes that government is far from perfect.  This is all very much in need of saying, especially by a prominent business person, but the real brilliance of the piece may be its return to the nomenclature of "Uncle Sam." In Buffet's hands this sometimes controversial image takes on the feel of the familiar, like a trusted friend of the family. As Buffet says, this uncle is a little different, sometimes painfully slow, and at other times domineering, but nevertheless this uncle is someone to turn to, especially in moments of crisis. How strange this image seems in our age of cynicism, and because it is so strange it is all the more welcome.  

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