Friday, January 22, 2010

77% of U.S. Investors Think Obama is Anti-business

Bloomberg conducted a global quarterly poll of investors and analysts who are Bloomberg subscribers and found 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 in his ability to handle a financial emergency." It also found a decline in Obama’s overall favorability rating one year after taking office. He is viewed favorably by 27 percent of U.S. investors up from an October poll, wherein 32 percent in the U.S. held a positive impression. This poll was conducted before Obama's declaration yesterday to tax and havily regulate 50 banking institutions, which sent the S&P down 1.9%, its biggest loss since October 30, 2009. Even the Oracle of Omaha told Obama to scrap this plan as it will lead to the trickle down of taxes for consumers during a recession. My guess is that the 77% would now poll closer to 90%. Click on the title to link to the full article.

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