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Politics : DEMOCRATIC NIGHTMARE - 2008 CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Hope Praytochange who wrote (119)	1/27/2007 3:21:26 PM
From: Hope Praytochange	Respond to of 654

As for the U.S. 2008 presidential race, Mr. Soros, who gave $18 million to Democratic advocacy groups seeking to defeat President Bush in 2004, said he supported Barack Obama. But he also said he would support Hillary Clinton if she won the Democratic nomination. John McCain, he said, had “compromised far too much with the Bush administration” and was unlikely to win the Republican nomination. And who will win? Mr. Soros said he thinks the leading possibilities are former Massachusetts Governor Mitt Romney and former New York Mayor Rudolph Giuliani. On investing, which made him rich, Mr. Soros said that “hedge funds are the market now,” which makes it much harder to beat the market than when he was a prominent hedge fund manager. He cautioned that the heavy use of debt to leverage up financial transactions — both in hedge funds and in companies bought by private equity funds — could prove damaging when and if the economy stumbles. — Floyd Norris