Skip to comments.Zell sees political risk to investing in U.S.
Posted on 04/14/2010 12:55:54 PM PDT by mlocher
The policies of the current U.S. administration have created "political risk" to investing in the United States, billionaire real estate investor Sam Zell said on Wednesday.
Appearing on a panel at the Urban Land Institute's real estate summit in Boston, Zell said "what's going on now is frightening" and working to undermine confidence, although he allowed that an economic recovery is under way.
"Up until this administration, you knew the rules and had a very stable environment," Zell said.
Never one to mince words, Zell said he saw similarities that are "a little eerie" between Nero's Rome and the United States of 2010.
"I continue to be an optimist about the United States, if for no other reason than I think we are going to alter the current political situation," said Zell, who has been a critic of President Barack Obama's policies for some time and was a major donor to John McCain's 2008 presidential campaign.
"If the current situation is indicative of the next half century, I think we're screwed."
(Excerpt) Read more at news.fidelity.com ...
Yeah well when Zell owned the LA Times he could have released the tape with Obama yukking it up at the PLO dinner in LA.
Instead it's the same screaming leftist rag it's always been.
Tuff luck, Sammy. In the end, you're still a lib yourself. Live with the results.
Connecticut senate condidate to replace Chris Dodd, Peter Schiff, refuses to invest in American companies.
All his money is overseas.
Assuming Schiff is a democrat, this should be played up as much as possible. Connecticut, of course, is home to a large number of corporations and this item will resonate with a larger number of folks.
Schiff is the RonPaulBot that appears for fundraisers with Adam kokesh the traitor, and is also running as a GOP candidate!!