Billionaire investor George Soros said Democratic President Barack Obama “has lost control of the agenda” on the U.S. economy, leaving it “now in the hands of the Republican Party.”
Republicans “are going to pursue a very strong effort to cut services by refusing to have any tax increases,” Soros said in an interview with CNN’s “Fareed Zakaria GPS” program.
“I think this agenda will be successful,” though it will be “more directed at cutting services and achieving the ideological purposes of the Republicans rather than to get the economy going,” Soros, 80, said, according to excerpts of the interview released by CNN. “I think this will have a negative impact on the economy.”
For more: Soros Says Obama `Has Lost Control of the Agenda' - Bloomberg
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