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.
If you think Democrats are going to do better, you need to have your head examined. It's cutting off your nose to spite your face.
For all the party hacks: This has never been about what flavor of leftist agenda to enact. This has been about whether or not to aggressively push an America-first conservative agenda. If you enjoy the perks of power and don't want to lose them, I suggest you get to work on the people in Washington, not the people who are getting ready to fire them.
I wonder who it is picking up the slack for all the non-givers.
No, no, no. I worked for the GOP and if you don't send money they just toss your letter.
- If you enclose just one dollar (and I put in a peso, as well) then they record your comments.
I'm not certain I understand the reasoning behind basing a poll on "investors." Has being an investor become a "one issue" thing these days?
I don't see this story in the Newsmax website but I do remember receiving a newsletter from NewsMax in my email over the weekend with this title or something similar
you nailed it.
Apparently, it is way too early for missing donations to be showing up on the ledger, and you should know that.
The shortfall will show up as the race matures, and if not, well good luck to them in 08.
Never were words more true written on FreeRepublic
The same people have been braying about withholding donations for a couple of years now yet the RNC is doing fine.
LOL! Kind of like how investors, with the Dow at a six year high, leaving the GOP...wishful thinking.
Total BS. They're trying to equate current low approval ratings (mostly due to immigration issue with base, IMHO) with donations and/or complete brain-dead defection to the dark side -- complete with the ensuing financial ruin and dark despair that would entail. Not gonna happen. The "investor" class isn't quite that stupid, no matter how disgusted they might be at this time.
I have zero expectation that the democrats will do better. I hope the Republicans have conservative candidates in 08. Somehow people live in la-la land and don't think that the bill for our excessive government spending will ever come due. I've got news for you - the bill is due in 2011. We need to start working on putting responsible leaders in charge NOW or we will have problems the likes of which have not been seen.
The false premise is that any drop in approval of Bush amongst investors would be due to Bush's policies regarding their investments. A group called "investors" has many concerns other than their investments. If I owned stock in a company that hired illegal aliens, for instance, I wouldn't necessarily judge a President solely on how good he has been about allowing illegal slave labor even though that slave labor meant more company profits and therefore increased my wealth. Then there are those investors who might see a future where the Democrats are more friendly than Republicans towards the usage of illegal slave labor and suddenly prefer Democrats for that reason.
"Clearly, the GOP is incompetent. The only way to get competent people is office is to remove them."
And the only competent way to get them removed is through the GOP primaries, something all too few are willing to put in the effort to contribute towards.
He (GWB) is not running in 2008. When a new candidate emerges, the investors will return....but having said that...
according to a recent Zogby International poll
Tainted and tilted.
Give me a break. Tell me what percentage of incumbents are removed in the primaries??? The parties have rigged the process that it is next to impossible to remove an incumbent and 100 times more difficult to replace an incumbent in the primaries!
Turn away to what?
Tax and spend Dems?
Intelligent investors are not going to back a party which has the reputation of taxing them to the hilt.
I'm out. I have been a supporter of the RNC for 10 years and a registered Republican for 20. This current crop is a corrupt pack of pandering do nothings. They don't represent me and I am now done with them.
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