**I find this to be GREAT NEWS! The slash and burn, take no prisoners, Carl Icahn thinks that Obama would be a terrible President.
from Bloomberg News:
Billionaire investor Carl Icahn said Barack Obama would be a "terrible'' U.S. president whose election would bring higher interest rates and a loss of international confidence in the dollar.
I think the bad guys are starting to get very nervous. Sweaty, in fact.
It would appear that Mr. Icahn doesn't realize the confidence in the "dollar" is pretty damn low RIGHT NOW.
From Bloomberg News:
"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."
"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.
Uh Oh. Looks like Mr. Icahn is worried about what's going to be happening to "his class."
Even worse, Icahn said, would be a Democratic president with a veto-proof supermajority of 60 Democrats elected to the Senate.
`Runaway Legislation'
"It would be devastating," he said. "Then you couldn't stop runaway legislation."
Kind of funny. Like we haven't had runaway spending for the last 7 years.
Obama, 46, does have support in the investment community from leaders such as Wolf. Among those who have donated to his campaign are billionaires Kenneth C. Griffin of Citadel Investment Group in Chicago, and George Soros of Soros Fund Management, according to the center.
Obama's "second stimulus package includes a foreclosure prevention fund for current homeowners, provides needed dollars to states hardest hit by the housing crisis and a temporary expansion of unemployment insurance," Wolf said in his e-mail.
The senator's long-term plan to cut taxes will benefit more than 150 million working Americans and won't increase the budget deficit, Wolf said.
It's easy to see the problem Mr. Icahn finds with Obama. Those tax cuts would be going in the wrong direction. Mr. Icahn owns controlling interest in several oil companies, as well as media conglomerates. I weep for him. I think of all the people this man has put out of work, and can only hope Obama lives up to his wildest nightmare. I wonder if other corporatists of his ilk are having similar heebie jeebies. Hope so.