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Zell: Clinton, Obama partially to blame for economic woes

We already knew that Democrats get blamed for supposedly stabbing U.S. troops in the back, which purportedly led to defeat in Vietnam, and the current situation in Iraq. But that, apparently, doesn't go far enough for Sam Zell, the billionaire who owns, among other things, newspapers like the Los Angeles Times and the Chicago Tribune, plus the Chicago Cubs. In an interview with CNBC, Zell suggested the Democratic presidential candidates were working to sour the U.S. economy for political gain.

"Obviously what we have going on is an attempt to create a self-fulfilling prophecy," Zell said. He continued:

We have two Democratic candidates who are vying with each other to describe the economic situation worse.

The reality is that if you live on Wall Street and you're in the credit markets the world couldn't be worse. If you're a farmer and you're getting $25 for your wheat, you're having a great time. If you're a CEO and you've got a balance sheet that's bullet-proof, you're in a great position. This whole thing is way out of control, way out of hand.

Posted in: 2008 Election, Barack Obama, Hillary Clinton

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The curse of Obama's old Senate seat
The president's last job certainly helped him out -- so why does no one else want it?
Iran frees journalist after 18 days in prison
The reporter says he was mainly treated well, but was slapped during one interrogation
Report: Bush's surveillance program larger than previously thought
The previous administration's surveillance was even more extensive than we'd known, and DOJ didn't like it
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