Monday, January 25, 2010

Investors View Obama As Anti-Business

Gateway Pundit:

U.S. investors overwhelmingly see President Barack Obama as anti-business and question his ability to manage a financial crisis, according to a Bloomberg survey.

The global quarterly poll of investors and analysts who are Bloomberg subscribers finds that 77 percent of U.S. respondents believe Obama is too anti-business and four-out-of-five are only somewhat confident or not confident of his ability to handle a financial emergency.

The poll also finds a decline in Obama's overall favorability rating one year after taking office. He is viewed favorably by 27 percent of U.S. investors. In an October poll, 32 percent in the U.S. held a positive impression.

"Investors no longer feel they can trust their instincts to take risks," said poll respondent David Young, a managing director for a broker dealer in New York. Young cited Obama's efforts to trim bonuses and earnings, make health care his top priority over jobs and plans to tax "the rich or advantaged."

Um...only 77%??  Who are those other 23%?  I guess those would be the self-flagellating liberal Democrat CEOs of the biggest firms.  Seems pretty crazy to me, though.  Anyway, GP offers another example of why so many in investing view Obama negatively:

President Barack Obama spooked the market Thursday, after asking Congress for limits on how large big banks can be and to end some of the risky trading large financial companies have used in recent quarters to boost profits.

The market could be re-entering a period of uncertainty that defined the financial crisis and sent it cratering nearly a year ago before its 10-month rally.

They don't like him because they know they can't trust him to do anything that would actually help the investment industry!  To the contrary, Obama's words almost invariably communicate nothing but anti-business, anti-capitalist, anti-profit doom and gloom, and his policies follow through.  It doesn't help the numbers much that he usually refers to investors as eeeeeevil 'fat cats' on Wall Street.

Oh, and don't forget...when Obama hammers 'investors', that likely includes YOU.  Got a 401k?  Got stocks?  Got a retirement account?  He's coming after you because you are, apparently, one of those eeeeeevil fat cats.

There's my two cents.

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