Obama Seen as Anti-Business by 77% of U.S. Investors
Jan. 22 (Bloomberg) -- 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‚Äôs 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.
‚ÄúInvestors no longer feel they can trust their instincts to take risks,‚ÄĚ said poll respondent David Young, a managing director for a broker dealer in New York. Young cited Obama‚Äôs efforts to trim bonuses and earnings,...
Nimrod is acting to correct this by promising to day to 'freeze spending' this astonishing volte face caused me to jerk up from my four poster spilling morning coffee over the goose down quilt and scattering yelping corgis. What in the world i thought could cause a welfare queen to grasp the nettle of americas great debt overnight ? i soon learned of course that the spending freeze excludes welfare, defence, free health and well the source of the problem really
So i devised my own 'spending freeze ' as my income this year is down by 60 % its got to be done it wont make me popular but tough measures are needed
a freeze on skiing holidays, these will be capped at three one week excursions to chamonix - absolutely no increases - read my lips !
sailing holidays will also not be exempt NO INCREASE on last years three weeks in the greek islands - do you hear me !
from now on we are going to follow obamas prudent stance and NOT borrow any more than last year and NOT increase our debt anymore than we did last year, no increase on the increase of debt.
It is well known that "socialists" are anti-capitalist anyway! The real problem America has with this particular President, and his Democrat party, is the anti-moral stance they have taken. But this is a western problem as opposed to just an American one.
This current admin is much more rigidly ideolgically left than Clinton's ever was. Clinton was at least somewhat practical and flexible (especially after losing Congress in 1994). Obama (so far) is not.
Yeah, the 2008 spike in gas prices was "blamed" mostly on "speculators", which since then has been a bad word.
A few of the smaller businesses have "tried" to be uncompromisingly capitalist (e.g. Cypress Semiconductor) but many get subsidies and/or resort to lobbying to get the government to favor them over their rivals (Bill Gates learned this the hard way back in the 90s).
My wife's favorite book on the Great Depression is "The Forgotten Man", which she says explains in some detail why it came about and lasted so long.
Call me cynical, John, but I suspect this President & his party are not interested in improving investor confidence, for their ideology is most plausible while a crisis exists (I think Emanuel has said as much). In other words, keep independent business on loose ground to justify its management by the gov't.
BTW, "speculator" is a populist pejorative for "investor." This class has been under suspicion for awhile now. But I predict they will continue to hold onto their money until the political climate is less threatening. I believe this is why the Great Depression lasted so long.
Besides, I do not know of any prominent industrialists who are uncompromising advocates of free markets & limited gov't.