74% of CEOs fear the consequences of an Obama Presidency

[droski]

Many in business, though, still view the President-elect with a wary eye. (Perhaps the markets do as well: The Dow dropped more than 400 points the day after Obama's election.) Indeed, if a recent survey by Chief Executive magazine is any indication, Obama has his work cut out for him in wooing America's executives. In a survey of 751 CEOs published in October, the magazine found that 74% feared the consequences of an Obama Presidency, vs. just 19% who worried about John McCain assuming the Oval Office. The surveyed executives feared that Obama's emphasis on big government and his plans to hike capital-gains taxes on big earners would stifle growth and job creation. They also worried he doesn't understand the links between trade and growth well and that he will not be aggressive enough in solving America's immediate energy crisis.

The Changes Business Wants from Obama - BusinessWeek

I thought all the truly smart economic leaders were obama supporters? :whistling:

 

[Fine Vol]

Holy holy cow, i cant believe my eyes another negative obama thread, holy crap

 

[UT IE 95]

If I were a fat cat, I'd worry about getting the gravy train shut down too. It's simple, these folks are more worried about personal finances than they are about American sustainability and growth.

 

[Headed For Home]

If I were a fat cat, I'd worry about getting the gravy train shut down too. It's simple, these folks are more worried about personal finances than they are about American sustainability and growth.

You obviously aren't trying to run your own business.

 

[droski]

If I were a fat cat, I'd worry about getting the gravy train shut down too. It's simple, these folks are more worried about personal finances than they are about American sustainability and growth.

so you are saying they weren't telling the truth?

The surveyed executives feared that Obama's emphasis on big government and his plans to hike capital-gains taxes on big earners would stifle growth and job creation. They also worried he doesn't understand the links between trade and growth well and that he will not be aggressive enough in solving America's immediate energy crisis.

 

[BigPapaVol]

If I were a fat cat, I'd worry about getting the gravy train shut down too. It's simple, these folks are more worried about personal finances than they are about American sustainability and growth.

you're assuming that you're dealing with the average American. We're talking about people in this group who very well know the difference.

 

[truefan]

You obviously aren't trying to run your own business.

Neither are the CEOS of the largest corporations, well, except for the Waltons and they are ultra conservative on a number of other fronts as well.

 

[MG1968]

If I were a fat cat, I'd worry about getting the gravy train shut down too. It's simple, these folks are more worried about personal finances than they are about American sustainability and growth.

more of that growing the economy from the "bottom up" crap, eh?

 

[myrobbins7]

What Eric Schmidt sees in this guy just blows my mind. I seen him backing Obama in Obama's 30 min TV. worship and I told him the next morning he can have every single one of his shares back and to have fun with the Messiah. Interesting read Droski and I agree with the 74% of the CEO's.

 

[SavageOrangeJug]

If I were a fat cat, I'd worry about getting the gravy train shut down too. It's simple, these folks are more worried about personal finances than they are about American sustainability and growth.

Perfect example why liberals shouldn't be allowed to vote.

Do you have a clue what happens when the very wealthy get scared financially? They start closing purse strings. That means lost jobs, lost health insurance benefits for those displaced workers, and lost tax revenue.

OH WAIT....my mistake. It's those hard working people who think that NObama is going to fill their tank and pay their mortgage that create jobs.

 

[UT IE 95]

You obviously aren't trying to run your own business.

Running your own business and being a CEO respondent for Business Week magazine are two different animals.

 

[UT IE 95]

so you are saying they weren't telling the truth?

The surveyed executives feared that Obama's emphasis on big government and his plans to hike capital-gains taxes on big earners would stifle growth and job creation. They also worried he doesn't understand the links between trade and growth well and that he will not be aggressive enough in solving America's immediate energy crisis.

It's probably the truth as they see it.

"Obama fully understands the importance of investing in people and the ideas and technology they create," says Google's Schmidt

 

[UT IE 95]

Perfect example why liberals shouldn't be allowed to vote.

Do you have a clue what happens when the very wealthy get scared financially? They start closing purse strings. That means lost jobs, lost health insurance benefits for those displaced workers, and lost tax revenue.

OH WAIT....my mistake. It's those hard working people who think that NObama is going to fill their tank and pay their mortgage that create jobs.

Your party's fear tactics are dead. Go away.

 

[BigPapaVol]

It's probably the truth as they see it.

"Obama fully understands the importance of investing in people and the ideas and technology they create," says Google's Schmidt

meaning he has a penchant for the tech corridor and alternative fuel. Other than that, what the hell has Obama espoused that might be even remotely business friendly?

 

[MG1968]

It's probably the truth as they see it.

"Obama fully understands the importance of investing in people and the ideas and technology they create," says Google's Schmidt

I'm still waiting for an Obama supporter to clue me in on how raising taxes on a business is supposed to create jobs.

 

[UT IE 95]

meaning he has a penchant for the tech corridor and alternative fuel. Other than that, what the hell has Obama espoused that might be even remotely business friendly?

Increasing the aptitude and attitude of the front line American worker that keeps the wallet of the guy upstairs full?

 

[SavageOrangeJug]

Your party's fear tactics are dead. Go away.

Having a clue = fear tactic k:

 

[UT IE 95]

I'm still waiting for an Obama supporter to clue me in on how raising taxes on a business is supposed to create jobs.

Lowering them really did the trick. It just helped fund fat pensions and parachutes for executives of failing companies.

 

[MG1968]

Increasing the aptitude and attitude of the front line American worker that keeps the wallet of the guy upstairs full?

doesn't matter how gifted the worker is if the company can't afford to hire him because of the 2nd highest corporate tax rate in the world.

 

[KB5252]

Lowering them really did the trick. It just helped fund fat pensions and parachutes for executives of failing companies.

And having higher tax rates given the same circumstances would have strapped our economy even more.

 

[SavageOrangeJug]

Lowering them really did the trick. It just helped fund fat pensions and parachutes for executives of failing companies.

OK!

Who creates jobs?

1. Rich people?
2. Poor people?
3. The government?
4. Other unknown entity

Would love to hear your answer to that question, UT IE 95

 

[droski]

Lowering them really did the trick. It just helped fund fat pensions and parachutes for executives of failing companies.

so a dozen or so executives get golden parachutes and therefore we have to screw the other multi millions of hard working americans making over 250K a year? isn't that kind of like not voting for obama because a black guy robbed you a month ago?

 

[UT IE 95]

doesn't matter how gifted the worker is if the company can't afford to hire him because of the 2nd highest corporate tax rate in the world.

Right or wrong, we are going to see the reconciliation of executive pay. Over the last 8 years it has gotten out of control. Executive pay for US companies dwarfs their peers around the world.

 

[UT IE 95]

so a dozen or so executives get golden parachutes and therefore we have to screw the other multi millions of hard working americans making over 250K a year? isn't that kind of like not voting for obama because a black guy robbed you a month ago?

c'mon droski. seriously.

 

[droski]

Right or wrong, we are going to see the reconciliation of executive pay. Over the last 8 years it has gotten out of control. Executive pay for US companies dwarfs their peers around the world.

some executives are worth millions, others are not.