Carl Icahn Says Obama Would Be a `Terrible' President for U.S. - New England Patriots Forums

otis p. driftwood · 05-22-2008, 05:15 PM

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

By Michael McKee

May 22 (Bloomberg) -- 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 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, 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://www.bloomberg.com/apps/news?p...wCY&refer=home

***BelichickFan*** · 05-22-2008, 06:46 PM

Unfortunately Republicans have no arguement to make on huge spending sprees but as bad as it has been with George, it would be stunning with the combination of Obama and a very Liberal congress.

Wildo7 · 05-22-2008, 07:42 PM

Why are we supposed to care what this guy says?

***IcyPatriot*** · 05-22-2008, 07:45 PM

We thought the same thing for Billy Clinton ... and he did good with the deficit. Let's be honest here ... George Bush has been the liberals liberal when it came to spending $$$. That's why it's such a travesty how iraq came to be. Bush gave Congress all the pork they wanted for a "yes" Iraq vote ... blood $$$.

otis p. driftwood · 05-22-2008, 07:48 PM

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Originally Posted by Wildo7

Why are we supposed to care what this guy says?

Because he's a really smart business guy, the kind of guy people in the business world look up to--like Warren Buffet, and because he's not a party line guy.

otis p. driftwood · 05-22-2008, 07:50 PM

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Originally Posted by F.B.N.

We thought the same thing for Billy Clinton ... and he did good with the deficit. Let's be honest here ... George Bush has been the liberals liberal when it came to spending $$$. That's why it's such a travesty how iraq came to be. Bush gave Congress all the pork they wanted for a "yes" Iraq vote ... blood $$$.

Let's not forget that for Clinton's first two years he was trying to spend money like crazy. For his remaining six years he was dealing with an actually conservative Republican majority that forced him to deal with this stuff--and let him take the credit for it.

***BelichickFan*** · 05-22-2008, 08:27 PM

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Originally Posted by Wildo7

Why are we supposed to care what this guy says?

Because Democrats seem to think it's a big deal when Warren Buffet supports Obama.

***BelichickFan*** · 05-22-2008, 08:28 PM

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Originally Posted by F.B.N.

We thought the same thing for Billy Clinton ... and he did good with the deficit.

As a.paul already said, Clinton didn't have the numbers in Congress that Obama would have.

Wildo7 · 05-22-2008, 09:07 PM

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Originally Posted by a.paul

Because he's a really smart business guy, the kind of guy people in the business world look up to--like Warren Buffet, and because he's not a party line guy.

You mean like Alan Greenspan? You didn't seem to care what he had to say.....

otis p. driftwood · 05-22-2008, 09:19 PM

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Originally Posted by Wildo7

You mean like Alan Greenspan? You didn't seem to care what he had to say.....

Ummm...no, nothing like Greenspan. I'm talking about a guy who's actually made himself a billionaire--and made lots and lots of money for other people as well.

You really have no idea who this guy is, do you?