The Media Loves Him– Investors Hate Him
Wall Street has not been impressed with Barack Obama’s tax and spend rescue plan. Obama’s budget 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. In his first months in office the Dow dropped faster under Obama than any other new president in 90 years.
Neil Cavuto pointed out in March 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.
And now, the media is Obama’s lapdog but Wall Street doesn’t like what Obama is showing them:
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Today the trend continued for Dear Leader…
American investors hate his big spending economic policies.
The Quarterly Bloomberg Global Poll of financial investors and analysts finds attitudes about the new president in Asia and Europe are overwhelmingly positive. In the U.S., by contrast, they are slightly negative.
In Europe and Asia, 87 percent of respondents say they view Obama positively, compared with just 49 percent in the U.S. His standing among American investors is even lower on economic matters: only a quarter of U.S. poll respondents rate his economic policies as “good” or “excellent,” compared with more than half in Europe and Asia.