Wednesday, July 22, 2009

Barack Obama: Differences of Opinion Between Those He Governs and Those He Does Not Govern reports: Obama Approval at 87% Outside U.S.; 49% at Home Among Investors.

Here are some excerpts:

President Barack Obama has rock-star appeal among the investing class -- except in his own country. . .

In Europe and Asia, more than four of five poll respondents choose Obama over Bush as the president offering better economic leadership. In the U.S., investors pick Bush, 43 percent to 41 percent. . .

Here's a classic set of quotes from an Italian and an American. First, the Italian:

Obama’s policies for handling of the crises in the financial and auto markets, is praised by Italian poll respondent Mario Di Marcantonio, a 32-year-old portfolio manager for Eurizon Capital SGR in Milan.

“Companies like Goldman and Morgan Stanley have been able to survive this crisis and do business as usual, and people working at GM will continue to have their jobs,” he says. “I don’t think they can solve the problems of the world overnight, but at least they’re starting to fix it.”

The American has a different opinion:

The views of Chris Gurkovic, a 36-year-old strategist for First Brokers Securities LLC in Jersey City, are typical of many U.S. respondents. He says bailouts of the auto and financial industries and Obama’s health-care proposals are making Americans like him nervous about the government’s role in the economy, and rates the president “very unfavorably” in the survey
. . .

I'm more with Chris on this one.

Re the effective tie between Bush and Obama amongst American investors, a plague on both their Establishments. I'm waiting for the One who will teach America to shun the Merchants of Debt. Since He is not imminent, the Change is going to have to come from the people themselves. Spread the Word.


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