MARKET GURU JIM ROGERS COMPARES GOVERNMENT SPENDING TO TIGER WOOD'S GIRLFRIENDS

JIM ROGERS: "THEY'RE MAKING OUR SITUATION WORSE."

Famous and outspoken investment guru, Jim Rogers, was interviewed by CNBC's Maria Bartiromo on December 10, 2009, and gave two big thumbs down to the Obama administration, the Federal Reserve, and the Treasury Department's handling of the U.S. economy. Specifically, Rogers referred to the Obama doctrine that contends we must "spend our way out of the recession."

The interview took place against the backdrop of Tax-Cheat Treasury Secretary Timothy Geithner's announcement that TARP would be extended into next year. Below are a few of Roger's gems (the Tiger Woods quote is a classic), as well as the video of the entire interview. I recommend watching it to get the full effect.

The Treasury Department "has been putting out all of this stimulus and now they're talking about extending the (Troubled Asset Relief Program)," Rogers said.

"Why are we listening to any of those guys down there? They're making our situation worse," he said. "They said in writing yesterday the solution to our problem is to spend more money … that's what got us into this problem: too much debt!"

"That's like saying to Tiger Woods, 'you get another girlfriend and it will solve your problems' or 'five more girlfriends and you will solve your problems,'" he said.

"We're all going to pay the price for this in, one, two, three years," Rogers added. "The next time that we have problems in the economy, which will not be too long, we don't have any bullets left. We've shot everything we had to solve our problems."

"What are they going to do, quadruple the debt again? Print more money? We don't have any trees left. We're running out of trees."

I've been saying this a lot lately, but nevertheless, I must say it again. This stuff would be hilarious if it weren't so serious!

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