Carl Icahn on Obamanomics: He would be a 'terrible' president

Don't ask Carl Icahn contribute any cash to Barack Obama's campaign for the U.S. Presidency.  He's definitely not a fan. In fact, he thinks that he'd make a sucky president.

``I don't normally get involved in politics, but this time I am,'' Icahn told an investors conference in New York last night. ``I don't think Obama really understands economics.''

``I personally think he would be a terrible president,'' Icahn, 72, said. Obama would probably go on a ``huge spending spree'' that ``the country can't afford right now.''

Coupled with the higher tax rates that the Illinois senator has already endorsed, ``you would have a loss of confidence in the dollar,'' leading to accelerating inflation and ``much higher interest rates,'' Icahn said.

Carl Icahn Says Obama Would Be a `Terrible' President for U.S.- Bloomberg