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.''
Obama now has 1,965 delegates, counting both pledged delegates and superdelegates, closing in on the 2,026 he needs to clinch the nomination. Hillary Clinton trails at 1,779 delegates.
The 63-delegate Puerto Rico primary, which will be divided proportionally, is in 10 days. The Democratic National Convention will be held in Denver, Colo., starting on Aug. 25.
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