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Barack Obama 'could worsen crisis': Rupert Murdoch

Discussion in 'Political Debate & Discussion' started by Revmitchell, Nov 2, 2008.

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  1. Revmitchell

    Revmitchell Well-Known Member
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    NEWS Corporation chairman Rupert Murdoch has warned that Barack Obama could worsen the world financial crisis if he is elected US president next week and implements protectionist policies.

    In an interview with The Weekend Australian before delivering the first of six Boyer lectures on ABC radio tomorrow afternoon, Mr Murdoch said the Democrats' policies would result in "a real setback for globalisation" if implemented.

    Mr Murdoch said he did not know whether Senator Obama would implement all of the protectionist measures espoused by the party.

    http://www.theaustralian.news.com.au/business/story/0,28124,24584219-643,00.html
     
    #1 Revmitchell, Nov 2, 2008
  2. saturneptune

    saturneptune New Member

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    This is one of those problems with the wrong solution. It is true that the fraud, abuse, and bad decisions of Wall Street and their buddies in Washington caused the crisis we are exepriencing. However, that in no way relates to electing Obama as a solution. The solution is CEOs and governmental leaders that are honest and know how to run a business without excessive greed.

    The election of Obama lessens confidence in the American economy and a free market.
     
    #2 saturneptune, Nov 2, 2008
  3. Crabtownboy

    Crabtownboy Well-Known Member
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    I thought you were anti-globalization.
     
    #3 Crabtownboy, Nov 2, 2008
  4. DeafPosttrib

    DeafPosttrib New Member

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    The purpose of world economy collapsing during Election year, is to set up 666 world system. It is on the way.

    In Christ
    Rev. 22:20 -Amen!
     
    #4 DeafPosttrib, Nov 2, 2008
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