While I agree that Buffett should certainly be considered for Dupe of the Year, I think Paul Kengor misses the fact that Buffett and Berkshire Hathaway and their railroad holdings have all benefitted from $-billions of crony capitalism legislation, regulations, set-asides, and outright grants.
Buffett has been duped all the way to the bank.

Actually, Buffett knew what he was doing and clearly profited from it, so I would call him a coup de dupe and not simply a dupe. No, I think the Dupe of 2012 award has to go to the low information voter, that Honey Boo Boo Whoop de Dupe that re-elected our first communist President long after it was clear to any semi-sentient being above an amoeba that he is indeed a communist.

The Obama voter. No contest.

Kengor really nails it here with the modern day dupe Obama voters.There´s a history of failures on Obama style policies but because he can speak good english and sound halfway intelligent,his supporters think he can outsmart the rudimentary failures of similar actions of the past.

Nobody is more a board certified commie than Hugo Chavez who´s squandered billions+ of his nation´s oil wealth. The US´s manufacturing base has been a huge source of America´s past success but it´s being flushed away by leftist sub groups. Companies have relocated overseas to avoid our sue happy tort conditions.

Environmentalists are standing in the way of new wealth creation because the benefactors don´t enrich them but their political enemies.

Everybody agrees living conditions in Russia are horrendous.Even though they´ve modernized on a very small scale,they´re still entrenched in their 1950´s style of government philosophy.Now they´ve trapped abused and neglected orphans on a way out.Honest Russian journalists disappear into thin air,something the left would love to do to Limbaugh,Fox etc.

Yeah, without a doubt, the Obama voter. And I regretfully include my own precious early-30´s, married with kids, daughter in that group.

I think what gets them is indeed his speaking voice, and his speaking mannerisms. Such as the head-swiveling (it hypnotizes them), the low sound to his voice (comforting), and ponderous words he uses (scripted in), and the way he connects his disconnected own thoughts with ´´aaaaaaaaaand.....´´ (makes them think he really is a person of great depth, intelligence, and magnitude).

God help us. Seriously, fall to your knees right now, bow your head, and pray this country can survive this coming 4 years.....

Dittos 3, 4, 5

Kengor kindly refers to them as ´dupes´.

I refer to them as willing fellow travellers.

These lefty billionaires are nobody´s fools. They take full advantage of open markets, property laws and free enterprise. Their support of left wing causes and politicians has a dual purpose. To get good PR and to be at the feeding trough when the left parties they support step in and try to control the economic engine.

I´m with #3. "The Obama voter" is like a tiny URL for my description of them!

I would call Buffett a ´selfish´ dupe, choosing personal gain while endorsing an irresponsible federal government, which causes irrevocable pain to a lot of Americans.

We are all dupes if we continue to put the same old incompetent corrupt hacks of both parties back in the House and Senate.

Dittos #11. We have work to do, folks - start working on 2014 right now as we did in 2009 to work for 2010.

Sorry for a second post - I forgot to say that this should be a Must Read. Excellent article.

Kengor made a good choice here, but his dilemma must have been that there are so many to choose from. I lean toward selecting the Obama voter. It takes a stupid, selfish, poorly educated dolt to step into the voting booth and pull the lever for Obama. The Wizard of Omaha is none of these.

FTA: Clinton wasn’t ignorant at all. He willingly fed the faithful a giant whopper — .

Oh, just WAY too easy. I think I´ll give it a miss.

Look at the tables he linked to. Check the "outlays" column. That´s actual spending.

Despite all the incessant wailing from socialists about "cuts" in the past, the last time actual spending decreased was in 1965. Nearly half a CENTURY ago. Every single year since then has seen an increase, sometimes by huge amounts. AND IT NEVER GOES DOWN!!!!

I nominate the 150 million of us who pay for this fleecing. We get to pay and pay all the while our freedoms are eroded daily. Buffett is a willing one world accomplice. He benefits more than he pays as do Imelt, Sandy Weill, and the Goldman Sachs, JPMorgans, etc. The bastions of capitalism all want the government to do what they can´t competitively accomplish.

2,3,4,and 5.

Buffet pocketed millions by shilling for Obama. He won.

Honey Boo Boo´s got their Obama phones. They won.

Those who work for a living got mugged. They lost.

Those who are successful got demonized. They laost.

So has gone the American dream. With the help of the low information zombie voters, and ACORN´s diligent fraud masters, Obama has transformed America.

It´s good to be King, and good to be a Democrat.