Obviously, Wall Street has not been thrilled with Barack Obama’s tax and spend rescue plan. Obama’s spending more than doubles the national debt held by the public, and adds more to the debt than all previous presidents — from George Washington to George W. Bush — combined.
Neil Cavuto pointed out earlier this month that the media was big on Carter but Wall Street wasn’t and Wall Street turned out to be right. The media was not big on Reagan but Wall Street was and again Wall Street turned out to be right.
Today, the liberal media and public may approve of Obama, but business leaders don’t like what Dear Leader is showing them:
The O’Leary Report, in conjunction with Zogby International, conducted the first comprehensive survey of America’s business leaders to see what they think of Obama’s policies to date. The survey found that a clear majority of business leaders staunchly oppose the President’s actions over the past two months.
Below are some of the poll’s results. This was an online survey of 884 business leaders, who are also likely voters, and it has a margin of error of +/- 1.5 percentage points. To see more results, go to www.olearyreport.com.
Question 1: In regard to the bank rescue plans and economic stimulus, do you feel the Obama administration is trying to do too much, is disorganized, needs more time, or is right on target?
Fifty percent of business leaders think the Obama administration is disorganized, while only 10 percent think it is “right on target.” Twenty-eight percent think the Obama administration needs more time, another 10 percent think it’s trying to do too much, and one percent are “not sure.”
Question 2: How do you rate President Obama’s efforts to free up credit markets in his first 60 days?
Fifty-two percent of business leaders rate Obama’s effort as “poor,” while only 15 percent say it is “excellent.” Twenty-two percent give Obama a “good” rating and 10 percent say “fair” (one percent are not sure).
Question 3: Do you think the budget recently proposed by President Obama spends too much, not enough, or the right amount?
A solid 62 percent majority think President Obama’s budget spends too much, while only 13 percent say “non enough.” Only 16 percent of business leaders think it spends the right amount, and nine percent are not sure.
Question 4: The Employee Free Choice Act is a proposed bill that would effectively eliminate the secret ballot used by workers in deciding whether or not their plant, business, or small business should be unionized. Do you favor or oppose the bill?
Seventy-two percent of business leaders oppose this bill, which Obama supports. Only 19 percent favor the bill, and 10 percent are not sure.
Question 5: Do you agree or disagree that President Obama’s proposed tax hikes for those making $250,000 or more will hurt businesses, forcing them to lay-off employees?
Fifty-two percent of business leaders agree that Obama’s tax hikes will hurt businesses and increase unemployment, while 42 percent disagree (six percent are not sure).
Clearly, business leaders are not thrilled with Obama’s economic efforts. This is not good news for Obama.
UPDATE: Of course… MSNBC’s poll (linked above) is hopelessly biased.
Even with an 11-point advantage among Democrats, Obama cannot convince a majority that the country is on the right track.