Murdoch said Obama and
John McCain, the expected nominee of the Republican Party, both have a lot of problems, but McCain will be hurt by his party and his close ties to Washington. Race will be an issue for Obama, who would be the first black U.S. president, but "it looks like he overcomes that, overcomes that totally."
Murdoch is associated with conservative political views but has a reputation for a pragmatic streak in major national races where he has shown a willingness to switch sides when he detects major political changes afoot.
"I think it (a recession) is one we will be coming out of for quite some time," Murdoch said. "In the next 18 months, this country is going to be in for a very hard time."
In the 2008 U.S. Presidential race, Murdoch said he is not yet backing anyone, but then quickly added: "I want to meet Obama. I want to know if he going to walk the walk."
Murdoch said he had played a role in the endorsement by the New York Post, one of his global stable of papers, in endorsing Obama during the Democratic primary with
Hillary Clinton in New York.
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