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One-term presidency ahead, Steve Jobs had warned Obama

| Saturday, Oct. 22, 2011

In a now-famous commencement address, Steve Jobs reminded graduates that "your time is limited." It turns out that the Apple Inc. CEO had the same message for President Obama in 2010: "You're headed for a one-term presidency," Jobs told him, unless the president adopted more business-friendly policies.

The disclosure was leaked to several news outlets before the release of a biography on Jobs on Monday.

Jobs said he was not impressed with the president after their meeting, in part because of Obama's focus on what is not possible rather than what is possible, reported CBS News.

"The president is very smart. But he kept explaining to us reasons why things can't get done," Jobs said. "It infuriates me."

Even so, Jobs offered to make political ads for Obama's re-election campaign, believing the TV commercials would do for Obama what the "morning in America" ads did for Ronald Reagan in his 1984 landslide re-election.

"I think political advertising is terrible. I'd love to get Lee Clow out of retirement, and we can come up with great commercials for him," Jobs said. Clow is one of the creators of Apple's 1984 ad that introduced the Macintosh.

But Jobs was blunt with Obama, telling him that American regulations make it more difficult for Apple to build its products cheaply in the United States.

Jobs also had harsh words for the country's educational system, saying it was "crippled by union work rules." He proposed longer school days -- until 6 p.m. -- and a longer school year -- 11 months, according to CBS, which will broadcast an interview with biographer Walter Isaacson on "60 Minutes" on Sunday.

Isaacson interviewed Bill Gates for the book and wrote that the Microsoft founder thought Jobs was "fundamentally odd" and "weirdly flawed as a human being," The Huffington Post reported.

Jobs was not too impressed with Gates either, saying he had "never invented anything, which is why I think he's more comfortable now in philanthropy than technology. He just shamelessly ripped off other people's ideas."

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