Obama's Buffet Behind Closed Doors

How am I supposed to know what went on?

"Obama blames Bush, Wall Street

Obama met with more than a dozen economic advisers, appearing with them briefly before a two-hour closed meeting.

Present at the meeting were AFL-CIO President John Sweeney, former treasury secretary Paul O'Neill, former Federal Reserve chairman Paul Volcker, former senator Bill Bradley, Google chairman and CEO Eric Schmidt, and New Jersey Governor Jon Corzine, the former head of Wall Street investment firm Goldman Sachs. Billionaire investor Warren Buffett joined via speaker phone.

Gee, I'm not a big fan of the group of globalists there.

And WHY CUT, Globe? And WHY REWRITE?

"Obama fueled more campaign speculation Monday as he headed to a three-hour closed meeting in Washington; he was later seen at the office of one of the two people leading his running mate selection effort."

And about that Buffet:

"Kraft Foods Inc. reported earnings that topped analysts' estimates and said full-year profit may be higher than it forecast after increasing cheese, chocolate, and Planters peanut prices to cover rising energy and grain costs.

Profit also benefited on a gain from commodities hedging and the decline in the dollar overseas, Kraft said. Second-quarter net income advanced 3.5 percent to $732 million.

The food maker, whose largest shareholder is Warren Buffett's Berkshire Hathaway Inc."

"International sales expand at Wrigley

Wm. Wrigley Jr. Co., the world's largest maker of chewing gum, said second-quarter profit rose after international sales increased and the dollar declined against other currencies.

Net income climbed 14 percent to $193.8 million. Revenue jumped in China and Europe. More than half of the gain came from the conversion of international currencies to the US dollar. Sales volume in North America declined after Wrigley increased prices.

Wrigley agreed in April to be bought by Mars Inc., backed by billionaire Warren Buffett, for $23 billion to create the world's biggest candy maker. Mars has won European approval for the purchase, the European Union's antitrust regulator said yesterday.

The combined company will have $27 billion in annual sales and 14 percent of the world's candy market (Bloomberg)."

I guess Buffet won't be hurting for any meals any time soon.