Tuesday, January 19, 2010

Warren Buffett's $93 Million Grant From the Federal Government for a Wind Farm

The New York Daily News reports on welfare for the well to do:
Just last year, the Treasury Department announced a $93 million grant for a wind farm owned by Berkshire Hathaway, the company run by Warren Buffett, one of the richest men in America.

But, there's more:
The stimulus passed by Congress last year included $8 billion in subsidies for high-speed rail. Buffett's Berkshire Hathaway, which already owned some of the Burlington Northern Santa Fe railroad, promptly bought the rest, nicely positioning the billionaire for a stimulus of his own.

TARP lobbyist Warren Buffett shows his rent seeking abilities beyond TARP.