More Obama More Regulations , Less Jobs

Marc Faber : The problem with Mr. Obama is that you get more regulation and it's a disincentive for businessmen to hire people. You probably also get higher taxes, so in terms of the economy, he is very negative in my view.


Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber : Obama is intellectually dishonest and nothing has changed.

Marc Faber :.."...I think what should happen in the US is for the president to tell the US, you have to tighten your belts. 'We have to go through hard times for 5 years to repair the damage that was committed over 20-25 years by the Federal Reserve, by the Treasury, by the politicians, and somebody has to tell the truth. But the politicians keep on fueling the illusion that you can spend yourself out of the misery, and that by printing money you will improve the economy, which is not the case...."

in Bloomberg