In a recent article by Bloomberg, “Global investors increasingly prefer President Barack Obama to Republican challenger Mitt Romney and most say they believe the incumbent will remain in the White House for another four years.”
President Obama crushed Romney, 49% to 38% in this quarter’s global investor poll. Within the same margin 49-38%, global investors believe more in Obama’s vision for the U.S.economy also.
In a quote, Obama “managed the U.S. economy pretty well, solving a lot of imbalances created by the previous administration,” says poll respondent Mario Di Marcantonio, 35, a senior portfolio manager at Eurizon Capital in Milan.
“I believe the second Obama term will be better than having a U-turn with Romney,” he says. “More stability will mean more visibility and more investment in the future.”
Now the Republicans consistently talk about stability and confidence, yet their candidate doesn’t bring that to the table in the global marketplace.
47% of respondents give President Obama credit for the improving economy, despite Republicans saying the economy improved despite the President.
Finally, Global investors also see another Obama term as favorable to U.S. markets, with 48 percent saying the president’s re-election would be a “good thing” for domestic markets compared with 36 percent who predict it would be detrimental.
There are obvious issues these investors have with President Obama, but nonetheless, they feel that this President has done well in his handling of the economic crisis and the U.S. economy as a whole, no matter what the right wing pundits say. These are numbers people; they don’t pay attention to the political rhetoric coming from either party.
Bottom line, this should throw out the “Obama is bad for business” mantra, but it won’t change the mind of the Republican base.