[Billionaire Investor Carl]Icahn: Obama Would Be a Terrible President
Newsmax Money News ^ | May 22, 2008 | Staff
Posted on by 2ndDivisionVet
Carl Icahn, the billionaire investor best known for shaking up public companies, says he is very concerned about the Democratic frontrunner, Barack Obama.
“I personally think he would be a terrible president,’’ Icahn told investors in New York, according to wire reports.
Icahn thinks a President Obama would increase spending dramatically, something he says “the country can’t afford right now.”
An Obama spending spree and the resulting tax hikes to pay for it would kill the dollar and result in higher interest rates, Icahn warned. “I don’t think Obama really understands economics,’’ Icahn said.
Obama also would take office with a Democratic majority in the Congress, clearing the way for unchecked spending, Icahn said.
“It would be devastating,’’ Icahn said. “Then you couldn’t stop runaway legislation.’’
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Well, he called that one right in 2008...