hurricanemaxi
Joined: 08 Sep 2011
Posts: 66
|
 Posted: Sun Oct 02, 2011 12:31 pm Post subject: Obama Standing With Global Investors Reverses to 57% Unfavor |
 |
|
Global investors’ confidence in President Barack Obama has plummeted over the past four months, with almost three-quarters of them now viewing his policies as a drag on the U.S. business climate.
Perceptions of European leaders such as German Chancellor Angela Merkel and French President Nicolas Sarkozy also have turned sharply negative after months of tumult in global financial markets, according to a Bloomberg Global Poll. The quarterly poll, conducted Sept. 26, covered 1,031 investors, traders and analysts who are Bloomberg subscribers.
Obama’s overall standing with investors has reversed, with 57 percent now viewing the U.S. president unfavorably compared with 55 percent who saw him favorably in the last poll, in May.
“He does not understand the urgency of the debt crisis and its global ripple effect,” poll respondent Scott Troxel, 46, head of the Scandinavian desk at Tradition Group in Lausanne, Switzerland, said in an e-mail. “President Obama must get in front of the problems by taking real risk in achieving a bipartisan solution to long-term debt reduction, credible short- term job stimulus, and tax reform that is more clear and thoughtful than a tax on billionaires.”
Investors’ opinion of Obama’s domestic political opponents also has turned more negative after a protracted standoff on the U.S. debt limit that took the country to the brink of default and as economic growth has slowed. Congressional Republicans are held in even lower esteem than Obama, with 68 percent of investors holding a negative view of the lawmakers versus 51 percent who said so in the last poll.
Declining Fortunes
The sour mood toward U.S. political leaders coincides with a gloomy assessment of the nation’s economy and a decline in investors’ personal fortunes. Half of poll respondents believe the U.S. will dip back into recession within a year and, for the first time since July 2009, more lost personal net worth than gained over the past 12 months. In May, those who said they had a winning 12-month performance outnumbered losers almost 4-to-1.
Since the last investor poll was completed on May 10, the benchmark Standard & Poor’s 500 Index of U.S. stocks declined more than 14 percent and the MSCI All-Country World Index of global stocks is down more than 18 percent through 5 p.m., New York time, yesterday.
Obama “has done nothing but oversee an economic train wreck,” says Keith Temperton, 46, a trader at Tavira Securities Ltd. in Monaco.
______________
best article writing services
pubblicità internet |
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
