Billionair Sam Zell -- 'Calls 'em like he sees 'em"...

......in an interview on the state of the economy. The self made billionaire is the son of immigrant parents and is one of the fifty wealthiest American billionaires. Sixty-five years young and can't wait to get to the office each day! From CNBC.Com;

Zell Sees Start of Housing Recovery in the Spring

The US economy will avoid recession as the housing market begins to recover this spring, according to billionaire investor Sam Zell.
Speaking on "Squawk Box" this morning, Zell attributed much of the current economic troubles to fear-mongering and politicking by Democratic presidential contenders Hillary Rodham Clinton and Barack Obama.

"Obviously what we have going on is an attempt to create a self-fulfilling prophecy," said Zell, chairman of Equity Investments Group and owner of the Chicago Cubs, Chicago Tribune, Los Angeles Times and other companies. "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."

Zell said that although he doesn't try to pick bottoms in markets he believes housing has hit its nadir and will turn around this spring as inventory clears out.

Ain't it amazin' how those folks who love free enterprise, work hard all their lives, accumulate wealth and create jobs -- are so optimistic and upbeat - compared to those society-sucking politico's whose role in life is to turn us into assorted victim groups, so we depend on them.....!