Obama Seen as Anti-Business By 77% of Investors
Posted by Jim Hoft on Friday, January 22, 2010, 5:22 AM
77% of US investors say Obama is anti-business and 80% believe he can’t manage a financial crisis.
…Only 77%?
Bloomberg reported:
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.”
Obama spooked the market on Thursday with talk of new government regulations on financial companies.
My Way reported:
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.
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Published May 24, 2012 at 8:46 pm - 54 Comments
Militant Conservative commented:
DUH, He is a anti-capitalist Sol Alynski acolyte.
Statist, central planning has never worked, and has failed everywhere it has been tried. Sad thisng is he fooled enough usefull idiots to get elected so he can distroy America, excuse me. “Fundamentally change America”. Same thing just sounds better right?!
He is sooo gonna go down hard.
seven commented:
I was thinking the same thing. Good article. Obama is back to shaking down banks yesterday. Beat them up until they start getting free with easy money. He forced money on them and rattled them because of their writedowns.
he cap and tax and Obama care bills line up to kuill another 5 million jobs. Why hire if you have to fire?
Obama is havoc to business. The global economy is growing and ours is declining.
BurmaShave commented:
Well, GE, for One, has a lot of faith in Obama; and gives him credit for handling the[ir] financial crisis just fine!
Militant Conservative commented:
seven, Obama like the chaos that ensues with his plans. it helps him do more that distroys. This is willfull and intentional. He is a traitor to the constitution and the American people. Powder is dry
People's Front of Judea commented:
The stock market will tank, and then the gains on Middle-class American’s 401Ks will return to the levels of March 2009. He hasn’t a effing clue.
Price to earnings ratio…oh wait!
jorgen commented:
And the last 23% of the investors must be trade unions, White House Czars and like rubble.
Spider-Man commented:
These polls always drive me nuts. Who are these 23% that think he knows what he is doing?
The scary reality that we now face with Obama seeking revenge for his embarrassment in Mass., is only out done by the exteme naivete of some group of clueless Americans.
jim from cleveland commented:
He’s the pinnacle of affirmative-action fraudulence, the least qualified president we’ve ever had, and he has the attitude of a spoiled adolescent to boot.
Spider-Man commented:
Ok, I’ll volunteer for Obama’s economic advisory team….
“O, here’s how you can change your polling to near 100% belief that you are pro-business: cut corporate and personal income taxes immediately, give small businesses a tax credit if they hire, and eliminate all capital gains taxes……”
The stock market would go up 50%, the unemployment rate would start heading down toward 5%, and I would give him some credit.
I won’t hold my breath.
Floyd Looney commented:
Barack and Michelle do not believe in a prosperous middle class. They do not believe in the ‘American Dream’. They campaigned against them, they called it “middle classism” or somesuch.
I am surprised that 27% of investors couldn’t bring themselves to admit what is happening. I guess they still have “hope”, idiots.
Pat the First commented:
They were saying on Fox that the drop for the last 2 days equals what happened last June. B.O. can’t blame Bush on this one. Not that he could blame what happened last June either.
Valerie commented:
Jim,
anything over 70% is a consensus.
shibumi commented:
Yet these same businessmen supported him. We all knew Obama would be bad for business, so they had to know as well. They deserve what they get- unfortunately their bad judgment hurts the rest of us as well.
CARMELLA commented:
odoofus is anti capitalism, unless he is depositing receipts for his book sales. he hates America, he hates Americans, he hates the military, he hates babies (those pesky punishments) & he, ultimately, hates himself. liberalism is akin to self loathing and sanctimony. he is mentally ill & this is how every dictator FREAK in the history of the world started out.
Robert commented:
I don’t have the answers. But something DOES need to be done. We can’t all grow wealth simply by investing. Somebody has to produce real products, not just exotic financial maneuverings. Ultimately, that can only lead to another financial bubble.
Neither the Democrats nor the Republicans have adequate solutions to this problem. The bailouts prevented the risk-takers from the consequences of their reckless disregard. Now, Wall Street, which has soaked up trillions from the US Treasury, tries to figure out how much to pay its executives, while the rest of us are left in financial suspended animation, or worse.
Auntie Em commented:
I drives me nuts that people call this fool and elitist. He’s anything but an elitist.
Elitism suggests intelligence and usefulness. A dog’s dew claw illustrates obama’s level of intelligence and usefulness.
Elitism denotes some sort of class, which he is sorely lacking. Both, he and his family. Michelle has as much class as this cashier at our local gas station. Nothing against cashiers…this one in particular has F(*& YOU tattoed on her exposed breasts, and has no teeth and smells.
Elitism implies an ability to rise above the fray…he has been sinking and will continue to do so, because he lack the maturity, skills and drive to do the right thing.
People's Front of Judea commented:
Robert, your superficial understanding of investment and risk leads to ridiculous statements like, “We can’t all grow wealth simply by investing.” Garbage! People who are too lazy to do research regarding investments, like real estate, prior to buying, deserve what they get.
Try investing in an education that will assist you in growing your wealth. I’m confident that you are capable of understanding financial instruments created to spread lending risks due to government interference in a free market.
BarbaraS commented:
How could they see him as anything else but anti-business? He cheated GM and Chrysler out of their investments. He strong-armed them into complying with his edicts. He wants to cheat the investors of the insurance companies and pharmaceuticals and all the other medical supply companies. He has no respect for investors of any kind. He is trying to illegally tax banks now. Who knows if all the bank closings last year were legitimate. They could just be the results of blackmail not paid. I put nothing past this administration. I do not trust them. To quote Michelle O “for the first time in my life I am deathly afraid of my government”.
Kathy T commented:
Destroying the business sector, isn’t that what Saul Alinsky, Cloward and Piven were all about?
Hmmmm, why should we be surprised?
BarbaraS commented:
BTW, what planet does the other 23% live on?
Chisum commented:
Double-Dipped
http://wizbangblog.com/content/2010/01/22/double-dipped.php
Corporal Vere commented:
Also, the survey says: 23% of investors are effing stupid.
JohnnyT commented:
Isn’t it something that everybody(at least a majority) apparently had faith in Obamas ability to manage a crisis before November 2008?
And now we are all reaping that whirlwind, it is a shame some of US knew, but we must all drown together.
Robert commented:
People’s Front of Judea #20
Try investing in an education that will assist you in reading comprehension. Here’s a hint: Sometimes a sentence needs to be taken in context with others in its vicinity. Based on your reply, it would appear that you think that investment can substitute for productivity.
“I’m confident that you are capable of understanding financial instruments created to spread lending risks due to government interference in a free market.”
What I’m not “capable of understanding” is that sentence. Are you saying that the risks are due to government interference in a free market? Aren’t there other inherent risks as well?
Or, were the financial instruments created to address only those risks which were due to government interference in a free market?
Make sure you take a course in writing too.
Tom63010 commented:
If banks are evil and they being big is a problem then why put money down a rat hole by bailing out Citi? I’ll give Bank of America a pass on this one because they got in trouble when they were forced to buy Merrill Lynch.
Think about it. Had Citi been left alone it would have had to liquidate it’s assets and write off it’s losses through bankruptcy.
Instead it’s still “too big to fail” while US Bancorp and Wells Fargo, to name a couple large banks who actually are sound but are large have their name dragged through the mud.
The President is doing what the Federal Government was never established to do and that is picking winners and losers in the private sector.
Sojourner commented:
Our bungling POTUS knows squat about US free-market/finance system.. what’s more, to him the root of all evil is capitalism. So, our corrupt, marxist POTUS is going get Bawney Fwanks to lead the charge to set down new rules on the banks (minus Fannie/Freddie)? His corrupt counterparts in the House and Senate are writing them? Who the heck is going to trust any rules these clowns make to ‘protect’ us from the evils of a financial system our POTUS hates? Give me a POTUS who loves our country first.. until then, it’s more just more of O’s abracadabra.
PackerBronco commented:
This has nothing to do with Bambi’s understanding or misunderstanding of economics. It has every thing to do with politics. To boost his sagging poll numbers, Bambi needs to attack someone who polls whose than he does. He’s attacked the Republicans, Rush Limbaugh, and he always attacks George Bush; but his numbers keep on dropping.
Time for a new victim of the “two minute hate”. Damn those greedy bankers!
bg commented:
++
because Citi & GM involve SA prince Alwaleed, Obama’s
Harvard sponsors advisor (amongst many other things)..
==
jainphx commented:
Can you imagine 3 more years of this fool?
Sojourner commented:
bg #33..
at least one link’s gone down the rabbit hole.
Chisum commented:
Why BO MUST have government takeover of healthcare.
The Context Of Middle-Class Frustration
http://hotair.com/greenroom/archives/2010/01/21/the-context-of-middle-class-frustration/
Marsh commented:
Obama’s mere presence hurts America.