Source: (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’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.”
Carlos Vadillo, a fixed-income analyst at Wells Fargo Securities LLC in San
Francisco, said Obama has been in a “constant war” with the banking system,
using “fat-cat bankers and other misnomers to describe a business model which
supports a large portion of America.”
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