November 1st 2008
Three-Quarters Of CEOs Fear Obama Presidency
I
s Obama’s economic plan going to generate jobs and fix the economy? Let’s ask the people in the companies that create the jobs, the companies that are the economy.
Chief Executive Magazine polled its readers - the men and women who run America’s corporations, and 751 responded:
By a four-to-one margin CEOs support Senator John McCain over his rival, Senator Barack Obama. More to the point, a thundering 74 percent majority say they fear the consequences of an Obama presidency, compared to only 19 percent who fear a McCain presidency.
Or, for the reading-impaired:
The CEOs scored neither of the candidates a single A in any of their policy initiatives, but on the key areas of economic, foreign and defense policy, they barely passed Obama - D+ in all three - while McCain got two B’s and a B+. Obama never scored higher than McCain on policy, but the CEOs gave them tie scores - C+ - on both energy and economic policy.
In general the CEOs feel American business has atrophied with over-regulation and failure to deal with issues like health care, so they sing the Obama mantra about needing change … just not his brand of change:
Many look to John McCain and hope that this self-described political maverick may yet shake up established thinking and not give into the tired policies of the past.
Left unsaid in that quote is the feeling that for all his talk of change, the CEOs see Obama as nothing more but the same old Dem politics of regulation, taxation and kow-towing to labor bosses.
![[Post to Twitter]](http://www.cheatseekingmissiles.com/wp-content/plugins/tweet-this/icons/tt-twitter-micro3.png){kind=icon}
![[Post to Yahoo Buzz]](http://www.cheatseekingmissiles.com/wp-content/plugins/tweet-this/icons/tt-buzz-micro3.png){kind=icon}
![[Post to Digg]](http://www.cheatseekingmissiles.com/wp-content/plugins/tweet-this/icons/tt-digg-micro3.png){kind=icon}
![[Post to StumbleUpon]](http://www.cheatseekingmissiles.com/wp-content/plugins/tweet-this/icons/tt-su-micro3.png){kind=icon}
Posted in Uncategorized | 4 Comments » | 
Print This Post
| 
Email This Post
November 2nd, 2008 at 1:30 pm
November 4th, 2008 at 11:50 am
Comments
November 5th, 2008 at 3:29 pm
Market closed down 5% plus today. I guess the investment managers have been of the same mind as the CEO’s regarding Obama, record donations to his campaign from Wall Street notwithstanding. It is interesting to note, however, that the stock market and economic growth have both done materially better under Democratic Presidents than under Republican ones. Past is no prologue, but I’m just sayin’…
November 5th, 2008 at 8:21 pm
The contributions had nothing to do with faith in Obama; they had all to do with buying favor and trying to avoid regulation.
The stat you cite on the economy and market is based on ONE study by two UCLA economists using TWO portfolios created by University of Chicago (hmmm) economists. Strangely (not) the UCLA economists selected out of all the years they could have chosen as the start date 1927, which is odd (not) because stats are available back further than that. That of course starting in 1927 allowed them to begin their analysis with Hoover and the big crash - skewing the outset of the data. Also, it does not cover “economic growth;” just the stock market.