Posted on 04/30/2006 12:51:14 PM PDT by no dems
Investors Fleeing GOP
Investors at all income levels are increasingly turning away from the Republican Party, endangering the GOP's hold on power.
According to pollsters, 35 percent of voters belong to the "investor class," which includes not only wealthy individuals but also union members, mutual fund holders and a growing number of minority-group Americans.
They comprise a group that helped put Republicans in power "but now seems restless," Business Week reports.
President Bush got the votes of 61 percent of investors in 2004, but now only 43 percent give him a favorable job approval rating, according to a recent Zogby International poll.
"Investors' complaints include the administration's handling of Hurricane Katrina and the Dubai Ports deal, the management of the Iraq war, the $8.2 trillion national debt, soaring gasoline prices and immigration policy," according to Business Week.
Even Wall Street appears to be turning away from the GOP. As NewsMax has reported, last year Democrats beat Republicans in raising political donations from the financial industry, the first time the party outdid Republicans since 1994.
Investors' dissatisfaction could result in defections from the GOP in numbers sufficient to have a seriously detrimental effect on Republican candidates in the 2006 midterm elections.
But while investors appear alienated from the GOP, they remain skeptical that Democrats would do any better on economic issues, Business Week notes.
Bruce Bagley, a small-business owner in California, told the magazine that if Democrats were to take over Congress, investors would have a "bull's-eye" on their back.
The only base that appears to have been burnt is that part that was never within his base...and use terms like Democrat-lite.
You got it!!! It's easier to sit back, observe and gripe. I wish these people who think they will do a perfect job would get off their butts and run in the primaries.
I'm just as disappointed in the Republicans as anyone but I don't see a better alternative than getting better people to run in primaries and if they don't want to, well, we're stuck.
But I will NEVER vote for a Democrat. The idea of Speaker Pelosi is more than I can handle. All of a sudden our worst Republicans look better.
Yes, a lot of people who use terms like Democrat-lite claim the same thing...every election.
I would also hate to see Pelosi become Speaker, I can't stomach that woman. Have those griping now forgotten their history? The 1992 election gave us the clintons.
So Republicans should take for granted the votes of conservatives as in say the way that democrats take the votes of black Americans?
I am fortunate, I can go ahead and not vote with impunity as long as I still reside here in this Commonwealth led by crooks on Be-A-Con Hill.
Investors and politics don't mix, or if they do it is Teapot Dome.
It's clear to me the Republicans have squandered their majority victories and seem to perform better when the opposition party is in a position to challenge them. America needs a change from the old ways of thinking because it's steering us down the path of socialism little by little each year.
Zogby's special sauce. Yuck!
You might consider supporting Club For Growth who supports fiscally conservative candidates. I believe they supported both Senator Coburn and Representative Pence.
Methinks he's saying he's rather have an actual Democrat, as opposed to a RINO who SAYS he will do something conservative, but ends up always voting like a Democrat anyway.
That way, NEXT election, you can elect a REAL conservative, not a faux-conservative RINO.
And I can see his point. . . .
Maybe they ones leaving are the englsh only investors.
If the GOP would come out in favor of building a wall between Mexico and the USA, the money would flow like a river in.
Yet 52% of Americans are invested in the stock market today. I smell Zogby's sauce and believe this is nothing more than wishful thinking on his part.
This entire article is nonsensical. Bush reduced the tax on capital gains which stimulated massive investment in our economy and resulted in Wall Street earning record bonuses in 2005. This is just another poll clearly showing us that polls are taken to create public opinion, not reflect it.
Are you an investor? If say you've "banked double digit returns since Jan 30th," you mean you actually liquidated your securities and put the money in a money market or something? If equities you hold went up double digits, then you didn't make any money, your holdings just doubled. An investor is someone who plans to hold long term, while a speculator is something else.
My experience hasn't necessarily been that. More top-level people I know on Wall Street were Democrats. Jon Corzine is a Democrat, not a Republican. Although I don't know him, Bob Rubin is a Democrat as well. Sandy Weill is a Democrat. I can'tr think of a Republican, off the top of my head.
eleni121 Gets It! This is an attempt to paint only GOP as Wall Street investors. All others (Dems) are just poor folks, trying to their best to make it day-to-day.
Thanks, newsmax.com, and nice try! Maybe next time!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.