Respondents outside the US prefer Obama for the economy by almost 3 to 1; 56% of global investors view Obama favorably—his best reading in more than two years; 40% view him unfavorably; 40% of global investors view Romney favorably; 46% view him unfavorably.
INVESTORS SEE OBAMA WIN – Bloomberg’s Mike Dorning with more from the poll: “49% of global investors say Obama would be the better leader for the global economy versus 38% for Romney.
By the same margin, they say Obama has a better vision forthe US economy, according to the survey of 1,253 Bloombergcustomers, who are investors, analysts or traders.
Obama “managed the US economy pretty well, solving a lotof imbalances created by the previous administration,” sayspoll respondent Mario Di Marcantonio, 35, a senior portfoliomanager at Eurizon Capital in Milan.
Reality: Auto Recovery Edition”Market: Unknown.Buy: Undisclosed.. These numbers represent spending by independent groups, like super PACs and non profits, to support or oppose a particular candidate for the presidency in 2012. Fundrace will update this spending daily to help show which candidates are gaining from the proliferation of independent groups in this coming election.. Newt Gingrich (R), $13,017,772 to support, $18,885,161 to oppose.Rick Santorum (R), $7,548,235 to support, $20,923,379 to oppose.Mitt Romney (R), $5,361,828 to support, $8,676,753 to oppose. Rick Perry (R), $4,167,697 to support, $1,404 to oppose.Ron Paul (R), $3,748,218 to support, $214,158 to oppose.Jon Huntsman (R), $2,453,204 to support, $0 to oppose.Barack Obama (D), $298,856 to support, $1,175,151 to oppose. (+$10,000)Herman Cain (R), $501,717 to support, $954 to oppose.Gary Johnson (R), $518 to support, $0 to oppose.. Conservative Renewal PAC, $50,000 to oppose Tom Leppert for Senate in Texas.Restore America’s Voice, $10,000 to oppose Barack Obama for President.Inland Empire Taxpayers for Jobs, $21,410 to support Bob Dutton for Congress in California’s 31st District.Progressive Kick Independent Expenditures, $20,275 to support Eric Griego for Congress in New Mexico’s 1st District.Citizens for a Working America, $13,500 to oppose David McIntosh for Congress in Indiana’s 5th District.. (CBS News) Senate Republicans on Tuesday blocked a bill aimed at extending low interest rates for student loans, signaling the possibility of a protracted congressional battle over a measure lawmakers in both parties agree should ultimately be passed.. In a 52 45 vote, Republican Senators blocked further work on the “Stop the Student Loan Interest Rate Hike Act of 2012,” a Democrat sponsored bill that would extend low interest rates on federally subsidized student loans for another year. Barring an extension, the rate on new loans for undergraduates would increase from 3.4 percent to 6.8 percent this July. Sixty votes were needed to advance to debate.. “It is extremely disappointing that Republicans in the Senate today voted to ask millions of students to pay an average of $1,000 each in order to protect a loophole that allows millionaires to dodge payroll taxes,” the statement said.. Politicians on both sides of the aisle are advocating for an extension of low student loan rates, which they say would protect more than 7 million students from seeing their rates double.. Senate Republicans, however, object to the way the Democratic bill proposes to pay for the extension. That bill, put forth by Senate Majority Leader Harry Reid and backed by the White House, would require some privately owned companies to pay higher payroll taxes for Social Security and Medicare.. “Over the last two weeks, Senate Republicans have repeatedly claimed they support efforts to keep interest rates low for student loans,” Reid said Tuesday in remarks on the Senate floor. “In fact, the Republican presidential nominee has said the same.
Seventypercent of non US respondents have a favorable view of thepresident, up from 65 percent in January.
Poll respondents hardly fit the demographic profile oftypical Obama supporters.
The USstock market’s benchmark Standard & Poor’s 500 (SPX) Index climbedabout 8 percent this year and is up 60 percent since Obama tookoffice.
They also see another Obama term as favorable to USmarkets, with 48 percent saying the president’s re electionwould be a “good thing” for domestic markets compared with 36percent who predict it would be detrimental.
In January, only 44percent saw another Obama term as favorable for US markets andlast December 38 percent thought so.
Not Caving In “President Obama hasn’t caved in to the arguments in favorof austerity and deserves some credit for this,” says Brandon Fitzpatrick, 34, a poll respondent and equity portfolio managerat DB Fitzpatrick in Boise, Idaho.
“Given the still weakeconomy, we need continued stimulus, both fiscal and monetary. Asked which candidate has laid out a better vision for theUS economic future, 45 percent chose Obama and 34 percentRomney. Another 21 percent had no idea. As with other measures of Obama, US investors divergewith their counterparts in other countries. US based investorsfavor Romney’s economic vision 61 percent to 26 percent;investors based in other countries favor Obama’s vision 55percent to 19 percent. “The Democrats have fallen into the belief that if one hasmade a lot of money, it must be by taking other people’s shareof a fixed supply of wealth,” says Bruce Lawrence, 62, a macrostrategist at Infinium Capital Management in Chicago. “Ibelieve and hope Romney believes the supply of wealth in theworld is not fixed and can be grown.
Millionaires Negative Within the US, millionaires have a more negative view ofObama than investors with a lower personal net worth.
Seventy four percent of US millionaires have an unfavorable view ofObama versus 60 percent of less wealthy US investors.
Romney is viewed favorably by 68 percent of USmillionaires versus 55 percent of less wealthy US investors Treasury Secretary Timothy Geithner, who has been exhortingEuropean leaders to take stronger action on the region’s debtcrisis, has gained popularity among poll respondents.
Fifty onepercent view him positively against 38 percent negatively; ayear ago, they divided almost evenly.
Just 31 percent of global respondents give theDemocrats a favorable rating, compared with 55 percent who viewthem negatively.
Republicans do even worse: 26 percent view themfavorably, compared with 60 percent who have a negative view.
US and European respondents believe the financial systemremains vulnerable in a crisis.
Asked if systemic risk in thebanking system has been sufficiently addressed by requlators intheir own country, 53 percent of US respondents said ithasn’t, as did the same portion of Europeans.
Only 41 percent ofAsia respondents said their regulators haven’t addressedsystemic risk.
Carli Saunders is a business journalist based in Sydney, Australia. Carli has a passion for financial markets and breaking news stories and loves writing about business news, stock market, and economic opinions that matters most to its audience. Carli spends a lot of time discovering and researching latest financial markets and industry news stories in order to make sure the latest and greatest stories are brought to you first on BigBoardNews.com.
