Tags: Cooperman | Republican | us | election

Leon Cooperman: US Needs Republican Sweep to Get Back on Track

Friday, 18 May 2012 11:08 AM

November's presidential elections will seal the fate of the nation, and hopefully voters will oust President Barack Obama from the White House and most of the Democrats from Congress, says Leon Cooperman, Chairman and CEO at Omega Advisors.

"We have an election that I think is going to define the future of the country," Cooperman tells CNBC's "Squawk Box."

"I want a Republican sweep. I'm not sure what's worse, a Democratic sweep or divided government. Everybody says divided government is good, but I think we need decisions to be made and these folks can't seem to make decisions," says Cooperman, who grabbed headlines in late 2011 when he published an open letter to President Barack Obama, accusing the president of fueling class warfare.

Editor's Note: You Owe It to Yourself to Know What Obama and Bernanke Are Hiding From Americans

Today, the nation is lacking leadership and partisan bickering gets in the way of policy and needed reforms.

"I'm on the republican side, not all the time, in this particular case, to be honest with you we need a unified government, we need basically decision making and we need leadership," Cooperman says.

"Right now in the current system, these guys don't talk to each other. It's a real problem."

The economy continues to drag on President Obama's popularity.

A recent Gallup poll finds Obama's approval rating has fallen to 47 percent while satisfaction with the direction of the country is only at 24 percent.

"President Obama is running for re-election with Americans feeling about as dissatisfied with the country and the economy as they were in 1992 when George H.W. Bush lost," Gallup reports.

"However, with a modest 47 percent job approval average in early May, his approval rating is nearly the same as in 2004 when George W. Bush won."

Editor's Note: You Owe It to Yourself to Know What Obama and Bernanke Are Hiding From Americans



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