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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSoros: GOP hurting economy to win election?
http://globalpublicsquare.blogs.cnn.com/2012/02/11/soros-republicans-hurting-economy-to-win-election/February 11th, 2012
05:40 PM ET
Fareed Zakaria: George, what is your prognosis of the American economy right now? It does seem to be doing better than the Eurozone, than Japan. How do you read it?
George Soros: It definitely shows some signs of revival, very important is the emergence of shale gas and shale oil as a cheap source of energy, which has made manufacturing more competitive. Also the fact that you now had several years of no wage growth. So wage disparities have been reduced. And so all this is bringing a very welcome relief.
I'm worried that the politics of the election are going to interfere and put a lid on this because the Republicans don't want to face elections where Obama can claim to have sort of seen the economy recover. So they will continue to push for austerity, no new taxes, and therefore cutting of services, which will depress economic activity and employment.
After the elections, if the Republicans win, actually theyll undergo a miraculous transformation where they discover that actually it wouldnt be so bad if maybe we can afford to have some stimulus.
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Soros: GOP hurting economy to win election? (Original Post)
NNN0LHI
Feb 2012
OP
gateley
(62,683 posts)1. Why is there a question mark at the end of that headline? It's a fact. nt
Initech
(100,102 posts)6. It's an absolute fact: the GOP thrives when the economy sucks.
Honeycombe8
(37,648 posts)2. This has been the case since they took back the House of Rep. in 2010...McConnell's stated #1 goal..
McConnell's stated #1 goal was to beat Obama, NOT to improve the economy or help the country. How patriotic.
banned from Kos
(4,017 posts)3. Soros is an amazing story - his life is a novel.
Amazingly he was apolitical for 40 years as a US citizen until he saw Bush/Cheney in action.
flamingdem
(39,321 posts)4. He's not giving much to Obama now however
after being a huge supporter last round.
I'd like to know his thoughts on this -- if he can see that the Republicans are hellish.
banned from Kos
(4,017 posts)5. Not yet anyway. I watch Soros like others watch Rachel Maddow.
I am in Open Society (soros.org)