Steve Jobs warned President Barack Obama last year that he risked losing re-election over his policies toward business, according to the official biography of Apple's late co-founder.

"You're headed for a one-term presidency," Jobs told Obama when the two met in the fall of 2010, according to The Huffington Post.

Jobs told Obama he had to adopt more business-friendly policies, saying companies were more likely to build factories in China because of "regulations and unnecessary costs" in the United States.

http://www.foxnews.com/scitech/2011/10/21/steve-jobs-warned-obama-was-headed-for-one-term-presidency-biography-reveals/