2011/07/29

Forrest Jones: Home Depot Founder Langone: Obama's Unpresidential Behavior Destroying Economy and Country!

Though the United States will work its way through the debt ceiling crisis and probably avoid a default, President Obama's "un-presidential" behavior during the process has fueled division and suspicion to the extent that the damage of his actions will endure, says Home Depot co-founder and former New York Stock Exchange director Ken Langone. "He's NOT bringing us together. He's willfully dividing us. He''s petulant," Langone told CNBC. "This guy worked like hell to be president Behave like a president. Let me look to you as a model of how we should behave. So what does he say: fat cats, jet airplanes, what's the purpose?" That purpose, Langone says, is to divide the nation by accusing others of not doing their fair share to contribute to the country's finances, says Langone, now chairman and CEO of investment bank Invemed Associates. "Divide us, and we all lose. And this has got to stop! And if he's listening, or one of his people are listening, and you can quote me exactly for what I say, he is not acting presidential, he is behaving in a way designed, in my opinion, to divide us, and make us look at each other with skepticism, with suspicion. That's the end of America, as we know it!" Turning to the debate over lifting the government's $14.3 trillion debt ceiling to avoid default, Langone says both sides of the political spectrum will agree to lift it: "The deficit, we're going to get through, the debt limit, it will all come through. The destruction he is inflicting by his behavior will carry on long after we have settled the debt limit," he told CNBC.

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