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.
It works for me.
Be interesting to see how many of these investors have stock in companies that hire Mexican workers and are worried about labor. Maybe they need a good old American bitch slapping.
With regard to your tagline: Do you mean "Gringo" unite?
Oops! Make that Gringos; with an "s".
we are sick of making money
Yes. LOL! Thx
ans so is inflation...
well put...
certainly the last 4 years went great - and now ?
I can't see Oil going on like that can't see Gold going on like that can't see steel going on like that. Don't want to go short on everything yet.
Asia ? Brasil ? Banks of Japan ? Europes East ?
the last 4 where easy - I don't wanna go US because of the weak $.
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