In a pre-recorded interview with CNN’s Fareed Zakaria set to air Sunday morning, investment billionaire George Soros accuses President Barack Obama of having “lost control” of the national economy and criticizes the Democratic president for allowing Republicans to set the national agenda.

Furthermore, Soros goes on to predict that Obama’s policy shortcomings will have a negative impact on the nation’s economic recovery and accuses the GOP of mixing economic and ideological priorities at the expense of the American worker.

They are going to pursue a very strong effort to cut services by refusing to have any tax increases. I think this agenda will be successful. But it will be pursued, I think, to an extent where it’s more directed at cutting services and achieving the ideological purposes of the Republicans rather than to get the economy going.  So I think this will have a negative effect on the economy.