disastor waiting to happen.....

[philbob]

Carl Icahn Says Obama Would Be a `Terrible' President for U.S.

By Michael McKee
http://www.bloomberg.com/apps/data?pid=avimage&iid=ijt0Vpht6XFE
http://images.bloomberg.com/r06/news/enlarge_details.gif (http://www.bloomberg.com/apps/news?pid=photos&sid=aElyzzHkNwCY)

May 22 (Bloomberg) -- Billionaire investor Carl Icahn (http://search.bloomberg.com/search?q=Carl+Icahn&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1) said Barack Obama (http://search.bloomberg.com/search?q=Barack+Obama&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1) would be a ``terrible'' U.S. president whose election would bring higher interest rates and a loss of international confidence in the dollar.
``I don't normally get involved in politics, but this time I am,'' Icahn told an investors conference in New York last night. ``I don't think Obama really understands economics.''
The Illinois senator is the front-runner for the Democratic presidential nomination. Obama has 1,962 delegates, according to an Associated Press tally, putting him 64 delegates shy of the 2,026 needed to clinch the nomination.
``I personally think he would be a terrible president,'' Icahn, 72, said. Obama would probably go on a ``huge spending spree'' that ``the country can't afford right now.''
Coupled with the higher tax rates that the Illinois senator has already endorsed, ``you would have a loss of confidence in the dollar,'' leading to accelerating inflation and ``much higher interest rates,'' Icahn said. His comments, and remarks by other presenters at the conference, were embargoed by the organizers until this morning.
Even worse, Icahn said, would be a Democratic president with a veto-proof supermajority of 60 Democrats elected to the Senate.
``It would be devastating,'' he said. ``Then you couldn't stop runaway legislation.''
Earlier this year, Icahn donated the maximum $2,300 to the presidential campaign of Republican Rudy Giuliani (http://search.bloomberg.com/search?q=Rudy+Giuliani&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1), according to the Washington-based Center for Responsive Politics. Giuliani has dropped out of the race. He has also given to Democrats, including New Hampshire Senate candidate Jeanne Shaheen (http://search.bloomberg.com/search?q=Jeanne+Shaheen&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1).
Obama does have support in the investment community. Among those who have donated to his campaign are billionaires Kenneth (http://search.bloomberg.com/search?q=Kenneth&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1) C. Griffin of Citadel Investment Group in Chicago, and George Soros (http://search.bloomberg.com/search?q=George%0ASoros&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1) of Soros Fund Management, according to the center.
To contact the reporter on this story: Michael McKee (http://search.bloomberg.com/search?q=Michael+McKee&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1) in New York at mmckee@bloomberg.net
Last Updated: May 22, 2008 10:00 EDT





If i recall we just had this same issue when the Repbulicans won both the House of Representives and the Excutive branch
:bash:

[2Sheds_Jackson]

"I don't think Obama really understands economics.''

Nonsense, he's got just as much experience with economics as he does with politics. Oh wait.

[AGE-Ranger]

Nonsense, he's got just as much experience with economics as he does with politics. Oh wait.

Hope and change. :|

[Ordie]

Wasn't this guy the corporate raider who drove TWA into the ground?

[BugHunt]

Hope and change. :|

Sounds better then "fear and war"..... ;)

[dava]

whose election would bring higher interest rates and a loss of international confidence in the dollar.


Would bring? Would?
As far as i know, higher interest rates would restore some confidence in the dollar.

[BugHunt]

Yeah i mean he makes it sounds like a spend ahololic warmonger is in office!

You need 8 more years of Bush prudence and a few more Trillions spunked on war (perhaps China or Iran?) too sort out the world....


Open up another front, the third one is lucky and wins prizes! ;)

[2Sheds_Jackson]

I'd never trade a devil I know for a devil I don't know.

[Macs.]

Nonsense, he's got just as much experience with economics as he does with politics. Oh wait.

So, why are you against CHANGE ?

If you are against CHANGE you are old and boring. CHANGE is cool.

You are not cool.

[BugHunt]

I'd never trade a devil I know for a devil I don't know.

Personnelly when you have Bush ANYTHINGS an improvement....

Id hope the change doesnt bring more fear and war ;)



Does Obama look green as hell - yeah. But at least he aint proven dumb as hell......


So, why are you against CHANGE ?

If you are against CHANGE you are old and boring. CHANGE is cool.

You are not cool.

Quieten down son, the adults are talking.....


:D

[Bringer of Greater Things]

^. It's not Obama is going to bring us a home lender crisis and $4 gas...

[2Sheds_Jackson]

Does Obama look green as hell - yeah. But at least he aint proven dumb as hell......

Obama wants to be President. I've always wanted to fly. I'm gonna try using your system there the next time I'm on a large commercial aircraft. :)

[BugHunt]

Obama wants to be President. I've always wanted to fly. I'm gonna try using your system there the next time I'm on a large commercial aircraft. :)


Make it Airforce one with the current incumbent and you have my full support! :D


Betcha cant fly under the golden gate bridge upside down! p-)



Seriously if your pilot had a record of crashing, jetsonning the fuel midflight and making expensive pointless upgrades, and bombing peeps he didnt need to would you still climb on board? ;)

[WarriorMonk]

That's what they said about JFK when he first ran for office...

[SBL]

Seriously if your pilot had a record of crashing, jetsonning the fuel midflight and making expensive pointless upgrades, and bombing peeps he didnt need to would you still climb on board? ;)


AFAIK Bush was a decent pilot.p-)

[deagle]

he downplays/belittles obama, but doesn't really support anyone else ? he's a billionaire, who'll probaby be still making money off of ppl anyways. or is he jealous that the increased taxes on the American ppl will for the the govt to mishandle, than instead of his interests ?

[vryhpyammoadded]

LOL, it doesn’t matter who will be in office. They’re all terrible and he’s dead wrong. It will be more like a virtual nuke strike on our economy should any one of them inflict more socialist government corruption on the US. Bush’s mismanagement will pale by comparison.
Oh, I can’t wait to feed the rest of my disposable income and then some at commissar gun point down that bottomless mismanaged entitlement pit.

I happily promote fear and war over Obama’s Change™ brand socialist enslavement cool aid or Hildabeasts for that matter too.

[hank]

Icahn is an idiot and always has been. Who in the hell cares what he thinks?

hank

[SBL]

Icahn is an idiot and always has been. Who in the hell cares what he thinks?

hank

Is this your professional opinion?

[hank]

Is this your professional opinion?

Yes, I'll also represent to you that he hates blind people and refuses to count money for them whenever asked. He's a real jerk about it.

hank

[SBL]

Yes, I'll also represent to you that he hates blind people and refuses to count money for them whenever asked. He's a real jerk about it.

hank

Just checking. For a minute it almost sounded like you were getting a little butthurt because he was trash-talking your boy.

[hank]

Just checking. For a minute it almost sounded like you were getting a little butthurt because he was trash-talking your boy.

No, he (or anyone else) can trash talk all he (or they) wants. I don't really like Obama but he's the lesser of evils IMO. I didn't see anything Icahn said that can even be considered Icahn's opinion at this point. If he said something new then it would be one thing. But for him to ferret other ideas like anyone should care is stupid. Icahn is a thief, nothing more or less and no one should care what he thinks. Especially when what he thinks is what he read some smarter guy write.

I am a little butthurt but that's another story.

hank

[TALOS]

No, he (or anyone else) can trash talk all he (or they) wants. I don't really like Obama but he's the lesser of evils IMO. I didn't see anything Icahn said that can even be considered Icahn's opinion at this point. If he said something new then it would be one thing. But for him to ferret other ideas like anyone should care is stupid. Icahn is a thief, nothing more or less and no one should care what he thinks. Especially when what he thinks is what he read some smarter guy write.

I am a little butthurt but that's another story.

hank
Yeh, but hes a billionaire, that means people will either listen to him or hate him automatically. Envy or jealousy/hatred, there isnt any real middle ground with most people.

[2Sheds_Jackson]

Yes, I'll also represent to you that he hates blind people and refuses to count money for them whenever asked. He's a real jerk about it.

hank

The coffee hank, the coffee. What's his position on scalding hot coffee?

Whenever I hear these multigajilionaires talking, I figure they're completely unconcerned with the truth- and are only trying to set up the next nationwide financial crisis which will leave the country reeling while they count their profits.

[philbob]

Irrelevant, he makes a good point, the Dems having both the house and the presidancy is a disastor waiting to happen, we saw how the republicans couldnt be trusted to do the right thing the Dems definitaly wont