security. the koch s neighbor to the north is the oracle of omaha, warren buffett. his net worth is estimated at $66 million. he also owns large stakes in corporations like coca-cola, american express and ib m. he s contributed mostly to the democratic party but a lot of you might have forgotten or never known in the first place that his political roots are republican. thanks to his father, howard buffett, who represented nebraska s second district in congress in the 40s and 50s. but a young warren buffett switched parties in the 60s because his views on civil rights were more aligned with the democrats. he uses his public platform to talk about his economic opinions and charitable causes. a buffett endorsement alone is far more valuable than the amount of money he spends some thing. 2012 he spoke out in favor of
raising his own tax rate pointing out he pays a lower rate than his own secretary. this became known as the buffett rule and had politicians throwing his name around whenever possible. warren buffett s secretary shouldn t pay a higher tax rate than warren buffett. buffett. buffett. my friend, warren fuf bet. warren buffett. warren buffett. buffett himself has contributed $222,000 directly to congressional and presidential campaigns since 1997 and an additional $76,000 in joint fund-raising contributions from 2011-2012. most of that, more than $65,000 went to the obama victory fund in 2012. notably he supported hillary clinton s 2008 presidential bid and he also donated to her new york senate campaign in 2000. but it wasn t until last month he made his large contribution ever, a $100,000 check.
raise the minimum wage, i think, boy, i know some economists disagree, but i worry about what that does to job creation, potentially dampening demand in the part of the labor spectrum i m most worried about. this impetus to raise minimum wage is one of the most misguided things we can do. you will hurt the poor. you can have a minimum wage of $15 and it didn t hurt anything else, i would love it, but clearly, that isn t the case. you have something to say? i was going to say gates, bloomberg, buffett, what do they know about starting a business? noclike president obama. geez. don t believe anything they say. come on. they should listen to him. go to harvard. this is a debate shaping up to be something president obama will push through this year. it was in the state of the union and he s been talking about it on the campaign trail. eric, how much does it undermine those campaign efforts to have
we keep going back to the same crisis time after time again. it doesn t make sense. it s hurting the business community. it s hurting our economy. think it is. i would, again, not going to blame the president. i ll just say look if he want as discussion about how we take those first important steps, entitlements, we re there. we re at the table now. congressman kevin brady thank you so much. great to have you here. good to see you again. later this week on morning joe who do we have? the oracle of omaha, mr. warren buffett. i m ready. he s going to join the conversation. how a billionaire investor believes the dysfunction in d.c. or as the congressman put it stuck on stupid is impacting the business environment. we ll talk to him on wednesday. at a ford dealer with a little q and a for fiona.
with nuclear weapons. it s too powerful. when warren buffett speaks, the markets tend to listen. do you think he was on the right track? let s point out, yes, one of the most successful investors, smartest men on the planet as far as investing but also understand one of the most liberal men on the planet as well. warren buffett also made somewhere in the tune of $10 billion to $15 billion on a billion investment in goldman sachs. he put $5 billion, the government came in and supported with $20 billion, his stock went up with it. warren buffett had an interest in the government. he had had an interest in making sure that the obama administration obama care, all that stuff worked out. he s very extremely liberal. he s completely wrong, and he s using the same rhetoric that the left has been using and frankly a lot of media people have been using, a risk of default. there has never been a risk of default. we don t default when taking $250 billion bucks and have a $24 billion obligat