Carl Icahn says Obama would be a "terrible'' President who would Wreck the Economy

by politisite | May 23, 2008 at 05:44 am | 220 views | add comment | 0 recommendations

I don't normally get involved in politics, but this time I am,'' Icahn told an investors conference in New York Wednesday night in remarks embargoed until this morning. "I don't think Obama really understands economics.

"I personally think he would be a terrible president,'' Icahn said, arguing that Obama would probably go on a "huge spending spree'' that "the country can't afford right now.''

Billionaire investor Carl Icahn says Obama would be a "terrible'' president who would wreck the economy, Bloomberg is reporting today.
Icahn also noted that Obama has also pledged to let President Bush's tax cuts lapse for people making more than $200,000 a year. "You would have a loss of confidence in the dollar,'' leading to higher inflation and interest rates, Icahn said, according to Bloomberg.