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Investors Fleeing GOP
NewsMax.com | April 30, 2006 | Staff NewsMax.com

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.


TOPICS: Business/Economy; Politics/Elections
KEYWORDS: bush; businessweek; donors; dubai; gop; investorclass; investors; katrina; republican
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To: P-40

It's a remarkable achievement considering how many people on FR claim they've supported the RNC in the past but refuse to now...in fact if you Google the RNC doesn't appear to be having any problems raising funds.


41 posted on 04/30/2006 1:13:35 PM PDT by CWOJackson
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To: TXBSAFH

Bingo!


42 posted on 04/30/2006 1:14:22 PM PDT by Sprite518
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To: CWOJackson
the RNC doesn't appear to be having any problems raising funds.

Not yet. It is early though.
43 posted on 04/30/2006 1:14:47 PM PDT by P-40 (http://www.590klbj.com/forum/index.php?referrerid=1854)
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To: no dems

I don't know but this non investor class conservative will be voting conservative if it means writing my own name in. The way things are going I have about as much chance of winning as the GOP.


44 posted on 04/30/2006 1:15:07 PM PDT by cripplecreek (Never a minigun handy when you need one.)
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To: iluvlucy
I keep saying that I will vote Dem in order to get rid of the big spenders but in reality, there is no way I could ever vote for someone who is pro-abortion. I will hold my nose and vote libertarian this year.
45 posted on 04/30/2006 1:15:08 PM PDT by al_again
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To: P-40
"Not yet. It is early though."

LOL! Trying to put a happy face on?

46 posted on 04/30/2006 1:15:54 PM PDT by CWOJackson
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To: CWOJackson
LOL! Trying to put a happy face on?

No, I'm just a realist. Been through too many races to not be.
47 posted on 04/30/2006 1:17:15 PM PDT by P-40 (http://www.590klbj.com/forum/index.php?referrerid=1854)
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To: no dems

Wall Street knows better than that. They just want to send the money to real conservatives. A message needs to be sent to the Republican party in 2006.


48 posted on 04/30/2006 1:17:27 PM PDT by Sprite518
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To: P-40

Realist? You really should do some Googling then. RNC fundraising is steaming along fine. Even NewsMax has interesting stories on it. Now with the First Lady hitting the fundraising trail things are even picking up.


49 posted on 04/30/2006 1:19:39 PM PDT by CWOJackson
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To: CWOJackson

---the RNC doesn't appear to be having any problems raising funds.---

Yes, it's probably nothing. These close the border folks are just the usual malcontents and kooks, like those Perot folks from sometime back. Just ignore them and all will be well. :^)


50 posted on 04/30/2006 1:20:37 PM PDT by claudiustg (Build a fence. They won't come.)
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To: CWOJackson; P-40

I hopt the republicans can earn enough votes to keep power. But I know of many conservatives who are abandoning the party over immigratin and spending.\. My brother and father are two.


51 posted on 04/30/2006 1:23:09 PM PDT by TXBSAFH (Proud Dad of Twins, What Does Not Kill You Makes You Stronger!!!!!!)
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To: FairOpinion

Than they better start acting like conservatives once again and stop supporting the dem libs. And not to pass the dems bills like the martinez/kennedy(Mccain/Specter) bill.

Prove to us they still believe in American values and enforce our laws!


52 posted on 04/30/2006 1:23:28 PM PDT by stopem (To allow a bunch of third world country nationals to divide Americans is unconscionable!)
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To: CWOJackson
RNC fundraising is steaming along fine.

As I said, it is early.
53 posted on 04/30/2006 1:24:49 PM PDT by P-40 (http://www.590klbj.com/forum/index.php?referrerid=1854)
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To: TXBSAFH
Yes, every election more and more people abandon the RNC for one excuse or another, just like those people who have stopped contributing to the RNC for one reason or another.

I personally don't know any conservatives who have decided to cut of their noses to spite their faces...but I do see the people who have done it before doing it again on FR.

54 posted on 04/30/2006 1:26:24 PM PDT by CWOJackson
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To: no dems
President Bush got the votes of 61 percent of investors in 2004, but now only 43 percent give him a favorable job approval rating...

Heck, these days that's Bushbot territory!

55 posted on 04/30/2006 1:27:20 PM PDT by Grut
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To: P-40

Yes, it is early...Laura Bush has only just gotten started.


56 posted on 04/30/2006 1:27:29 PM PDT by CWOJackson
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To: butternut_squash_bisque
Thanks - I mean gracias! I got four to a page for my next "donations"!
;-)
57 posted on 04/30/2006 1:32:05 PM PDT by Tunehead54 (Nothing funny here ;-)
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To: no dems

I fear if the GOP loses power, it could be the end for them. With control of congress, the Dems will make it possible for every illegal to quickly become a citizen (or at least vote). Unfortunetly I don't think Bush would veto such a bill. This will likely give them a permanent majority.

Of course, the Republicans deserve what they get for sticking their head in the sand on this issue for the last few decades (starting with Reagan). Now it may bury them. I will NOT vote for any of the self described "statesman" who are pushing immigration "reform".


58 posted on 04/30/2006 1:33:50 PM PDT by rbg81
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To: no dems
Investors Fleeing GOP

Count me in!

I'll continue to donate to individuals but the GOP won't get my money anytime soon.

I was decent enough to call the RNC and ask them to stop sending me letters....and told them why!

If the GOP has to learn the hard way....so be it!

They are out of touch with the regular folks out there.

59 posted on 04/30/2006 1:33:53 PM PDT by CROSSHIGHWAYMAN (I'm a proud GRINGO......is Bill Clinton still the president?...Seems that way!)
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To: no dems
I don't see any evidence in this that investors have become more enamored with Democrats nor do I see any evidence in this of investors being upset with Bush regarding their investments.
60 posted on 04/30/2006 1:35:00 PM PDT by Jim_Curtis
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