by Rod D. Martin
February 27, 2008
He left out Charlie Rangel, unfortunately. Clip from the CNBC story (which includes the video):
The US economy will avoid recession as the housing market begins to recover this spring, according to billionaire investor Sam Zell.
Speaking on “Squawk Box” this morning, Zell attributed much of the current economic troubles to fear-mongering and politicking by Democratic presidential contenders Hillary Rodham Clinton and Barack Obama.
“Obviously what we have going on is an attempt to create a self-fulfilling prophecy,” said Zell, chairman of Equity Investments Group and owner of the Chicago Cubs, Chicago Tribune, Los Angeles Times and other companies. “We have two Democratic candidates who are vying with each other to describe the economic situation worse.
Anyone else remember “the worst economy in 50 years”?
UPDATE, April 14, 2013: Perhaps more to the point now that we know what happened to Bear and to Lehman, Democrats weren’t the only ones trying to rig the election through engineered economic disaster. See my good friend Kevin Freeman’s New York Times bestseller Secret Weapon, a clarion call regarding the threat of financial terrorism, and how it was practiced in 2008.