Posted on 11/22/2008 6:32:37 AM PST by 2ndDivisionVet
BERLIN (Reuters) - The U.S. economy needs additional support measures of between $300 billion and $600 billion to help it withstand the financial crisis, U.S. billionaire investor George Soros was quoted as saying by a German weekly.
Soros, one of the world's first and best-known hedge fund managers, told Der Spiegel magazine the United States needed an infrastructure programme, as well as a large economic stimulus package to provide its cities and states with sufficient cash.
"It has exceeded my most daring expectations," Soros told Spiegel weekly in an advance copy of an interview due to be published on Monday.
He was referring to the scale of the international financial crisis.
The U.S. government has launched a $700-billion financial bailout initiative in response to the turmoil.
But Soros criticized U.S. Treasury Secretary Henry Paulson for having reacted too late to the crisis.
"He only reacted to the problems after they emerged. He did not have the ability to see these problems coming," Soros said, adding Paulson had been "totally unprepared" for the bankruptcy of investment bank Lehman Brothers.
Soros said he had high expectations of the ability of President-elect Barack Obama to take appropriate measures.
"The duration of the crisis depends on the success of his policies," Soros said, according to Der Spiegel. "I have high hopes on Obama."
Just how much influence does Soros have over America?
His Master’s Voice.
Hussein better listen or no soup for him.
Orders from Berlin no less.
We’ll take it, Soros!
As of today, or after January 20th?
So is the billionaire Soros the dictator behind obamination? He didn’t do so well in Chechnya with his puppet there. why do rich people think they can control the whole world with money? You can’t unless you own the whole world and God owns this world. I better go dust.
It's also a "duh" moment.
I'm trying to decide if Obama is as brilliant as they say he is, ala Kerry, and Gore. They question is, is he an incompetent puppet, or a competent puppet. Often, we mistake ruthlessness for brilliance. (see, Rodham Clinton).
No one’s stopping you, George. Just like libs who want to raise our taxes while furiously hiding their assets offshore, your bell rings hollow.
Why hasn’t Soros been in a “tragic” accident yet?
Hey Soros. since you such a concerned individual, how about sharing your wealth for more than electing your puppets????? comeon!!!
I was wondering the same thing. He needs to be turned into plant food.
Soros says billions are needed. Soros has billions. I see an obvious solution.
I vote that we redistribute Soros’s wealth.
Soros= Hedge Fund Mgr...(bets), and I’m sure the “short sells”, deriviatives and other things he has used to hurt U.S. banks continues. It has probably been a game to crash the American Stock Market with him and his liberal billionaire buddies. So if you wonder WHY this all went down right before the election, then look no further than SOROS AND THE BILLIONAIRES from Europe, and elsewhere who have nothing better to do than plan chaos with their money.
Read the CAPM, and how that works on Capital Markets increasing risk until it is systemic failure...study Myron S. Sholes and his theories, his partner “Black??” got a Nobel Prize for CAPM formulas. Now that said, it appears Greed brought down Wall Street, or was it those “communist” educated traders who intended to do what happened?? They hate capitalism you know. Just a question, not claiming anything...but my research is bringing out more questions than answers.
I have a client this week that has a Obama Biden Bumper sticker I bump his bill up 15 percent ever since the election all my known Obama supporters get this increase
Nothing prevents Soros from donating whatever he likes to any financial company.
No reason to take it from me if I don’t want to give though.
What qualifies this man to speak on anything? My only interest in Soros is to find out what nefarious things he is doing.
What the US needs is for Soros to stop fiddling with the futures markets, creating this totally artificial “crisis”.
Note to Soros: the numbers don’t add up.
Note to Obama: Taxpayer funded, gubmint make-work projects didn’t work for Jimmah Carter either. They only drove the economy deeper into recession.
Me too!
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