George Soros On The Economy: “President Obama Has Lost Control”

In an interview set to air this weekend, George Soros accuses President Obama of “losing control” and letting Republicans set the agenda on the economy. Talking to CNN’s Fareed Zakaria, the billionaire investor says “President Obama has lost control of the agenda. The agenda is now in the hands of the Republican Party.”

Soros says the president’s failure to control the economic agenda will have a negative impact on the recovery, accusing Republicans of mixing economic and ideological priorities at the expense of the economy:

They are going to pursue a very strong effort to cut services by refusing to have any tax increases. I think this agenda will be successful. But it will be pursued, I think, to — to an extent where it’s more directed at cutting services and achieving the ideological purposes of the Republicans rather than to get the economy going. So I — I think this will have a negative effect on the economy.

Watch it here, from CNN:

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