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  Daniel Loeb on Obama Hedge Fund manager Daniel Loeb, who manages between $7 billion and $8 billion at Third Point, has a new investor letter out: "while Washington burns, President Obama is fiddling away by insisting that the only solution to the nation's problems — whether unemployment, the debt ceiling, or deficit reductions — lies in redistribution of wealth. Perhaps the difference between President Obama and many Americans is that the President sees prosperity as a sign of 'unfairness' that needs to be corrected by government via higher taxes and increased regulation. Perhaps a plan that led the way forward by expanding opportunities rather than redistributing outcomes and emphasized growth and opportunity for all would be met with less political resistance." Daniel Loeb on Obama Hedge Fund manager Daniel Loeb, who manages between $7 billion and $8 billion at Third Point, has a new investor letter out: "while Washington burns, President Obama is fiddling away by insisting that the only solution to the nation's problems — whether unemployment, the debt ceiling, or deficit reductions — lies in redistribution of wealth. Perhaps the difference between President Obama and many Americans is that the President sees prosperity as a sign of 'unfairness' that needs to be corrected by government via higher taxes and increased regulation. Perhaps a plan that led the way forward by expanding opportunities rather than redistributing outcomes and emphasized growth and opportunity for all would be met with less political resistance."
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