Jim Rogers Is Scared of a Second Term for Obama
looking to be a legendary election year, with recent polling putting
incumbent Barack Obama behind his Republican rivals. If the current
commander-in-chief can clench re-election, however, the result could
be rough for the rest of America.
the damage a second Obama term could have on America, legendary
investor Jim Roger tells CNBS that the economically oblivious incumbent
could crush whatever is left of the faltering US financial system.
The first Obama term has suggested that the president has no problem
letting the Federal Reserve print a plethora of money America doesnt
have. As if the consequences havent been colossal already,
Rogers says another four years of Obama could very well ruin America
by the time a second term is in full swing.
year's fine. Worry about 2013.Be panicked about 2014.This year,
a lot of good news is coming out, Rogers tells CNBSs
The Kudlow Report.
on to warn that Obama is currently polling strong enough to make
a second term a real reality; in regards to whether or not that
would be good news for Americans, Rogers says that , if you ask
him, it absolutely is not.
tell you that Obama is going to win. I don't want him to win. It's
not good for America, adds Rogers.
Its hard to defeat a sitting president and hes
spending a lot of money. A presidential tracking poll released
on Monday by Rasmussen Reports suggests that a two-person race between
either Barack Obama and Mitt Romney or Ron Paul could be a close
one for Obama with the latest results suggesting he could
even lose to either candidate but with unemployment figures
finally starting to stabilize, Obama may momentarily be winning
back Americans. The pumping of money into the economy might be a
short-term solution, suggests Rogers, but there will be trouble
down the road.
RT last year, Rogers said that bickering in Washington, regardless
of under Obamas watch or not, would be detrimental to the
future of the dollar. We are all going to continue to get
deeper and deeper into debt, Rogers predicted in July as Congress
came close to making a move to solve the debt-ceiling dilemma. You
think that problems are bad now, you wait until we dont have
any more credit, added Rogers, who predicted social unrest
as interest rates and inflation skyrocket.
for another lost decade or more, cautioned Rogers.
the campaign trail on Tuesday night, presidential hopeful and Texas
Congressman Ron Paul attacked Obama for letting the Federal Reserve
continue to authorize the creation of money America cant afford.
Speaking only a few miles from downtown Washington, Paul told supporters
he was considering crossing the Potomac on Wednesday to ask Fed
Chairman Ben Bernanke to explain his reasoning, as the central bank
head was expected to appear Wednesday before the House Financial
Rogers has taught finance at Columbia University's business school
and is a media commentator worldwide. He is the author of Adventure
Gift to My Children, and A
Bull in China. See his
© 2012 Russia
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