| Monday, May 3, 2004 |
09:52 - Macs buy you Kerry
http://quote.bloomberg.com/apps/news?pid=10000103&sid=aIzb2nc.YIIE
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Wuh-oh.
May 1 (Bloomberg) -- Billionaire investor Warren Buffett and Apple Computer Inc. co-founder Steve Jobs are advising Democratic presidential candidate John Kerry on economic issues.
I guess he wanted to hear from someone who left his company before he came back to it, who followed up the success of the iMac with the Flower Power iMac, and who has been continually going out of business since 1985.
Kerry, 60, the four-term Massachusetts senator challenging President George W. Bush, ``reached out to them and they're giving him economic advice about the deficit and job creation,'' said David Wade, Kerry's campaign spokesman.
``Political campaigns are always looking for celebrity endorsements and these are two eminent celebrities in the investment world,'' said James Lucier, a political analyst at Prudential Equity Group LLC. ``But I don't think investors are looking for celebrities, they are looking for policies.''
Hey, people won't invest in Apple. If they release bad quarterly numbers, their stock goes down; if they release good quarterly numbers, their stock goes down.
Gee, that's what I want out of the U.S. economy!
(Via Marcus.)
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Brian Tiemann
