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74% of CEOs Believe Obama Would Be Disastrous for the Nation
NewsBusters ^ | 10-9-08 | Noel Sheppard

Posted on 10/09/2008 9:01:46 AM PDT by kingattax

If a recent poll found that almost 75 percent of America's top business leaders felt that a McCain presidency would be disastrous for the nation, with some even stating that his proposals if enacted would bankrupt the country in three years, do you think media would have reported it?

Probably every hour on the hour until every American had heard about it, right?

Well, on Wednesday, with the nation in the middle of what is being regularly portrayed as the worst financial crisis since the Great Depression, Chief Executive magazine released its survey of 751 CEOs finding that 74 percent fear "an Obama presidency would be disastrous for the country."

Some CEO's went so far as claiming "[Obama's] programs would bankrupt the country within three years, if implemented"

Chief Executive magazine’s most recent polling of 751 CEOs shows that GOP presidential candidate John McCain is the preferred choice for CEOs. According to the poll, which is featured on the cover of Chief Executive’s most recent issue, by a four-to-one margin, CEOs support Senator John McCain over Senator Barack Obama. Moreover, 74 percent of the executives say they fear that an Obama presidency would be disastrous for the country.

“The stakes for this presidential election are higher than they’ve ever been in recent memory,” said Edward M. Kopko, CEO and Publisher of Chief Executive magazine. “We’ve been experiencing consecutive job losses for nine months now. There’s no doubt that reviving the job market will be a top priority for the incoming president. And job creating CEOs repeatedly tell us that McCain’s policies are far more conducive to a more positive employment environment than Obama’s.”

“I’m not terribly excited about McCain being president, but I’m sure that Obama, if elected, will have a negative impact on business and the economy,” said one CEO voicing his lack of enthusiasm for either candidate, but particularly Obama.

In expressing their rejection of Senator Obama, some CEOs who responded to the survey went as far as to say that “some of his programs would bankrupt the country within three years, if implemented.” In fact, the poll highlights that Obama’s tax policies, which scored the lowest grade in the poll, are particularly unpopular among CEOs.

Despite the poll's findings, from what I can tell, even though this study was disseminated by PRNewswire, it has garnered very little mainstream media attention.

Think that would be the case if these business leaders were so negative about McCain's economic policies?

No, I don't either!


TOPICS: Breaking News; Business/Economy; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: 2008; barackobama; ceo; democrats; economicpolicy; economy; election; electionpresident; elections; endorsement; financialcrisis; nobama08; obama; obamaeffect
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Despite the poll's findings, from what I can tell, even though this study was disseminated by PRNewswire, it has garnered very little mainstream media attention.

no MSM attention ? i'm shocked

1 posted on 10/09/2008 9:01:46 AM PDT by kingattax
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To: kingattax

No wonder the market is tanking.


2 posted on 10/09/2008 9:03:11 AM PDT by jersey117
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To: kingattax

Myself, I believe that 74% of CEO’s are disastrous for the nation.


3 posted on 10/09/2008 9:04:29 AM PDT by PeterFinn (NObama in NOvember.)
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To: kingattax

Well those guys better get off their as**es and get out the “troops” for McCain....or they will end up as Government Workers in the re-education camp.


4 posted on 10/09/2008 9:04:52 AM PDT by HappyinAZ
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To: kingattax

Only 74%?

I bet the other 26% still believe they can make money by financing subprime mortgages and speculation in flipping houses.


5 posted on 10/09/2008 9:05:48 AM PDT by Winged Hussar (http://moveonpleasemoveon.blogspot.com/)
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To: kingattax
While McCain wouldn't be able to single-handedly fix the financial mess, Obama would single-handedly make it infinitely worse. Increasing the capital gains tax at a time when the financial markets are screaming for more capital is financial suicide.

CEOs clearly understand it. About 45% of the American people understand it.

Unfortunately, unless another 5% of the American people wake up in the next four weeks, we are headed for financial Armageddon.

6 posted on 10/09/2008 9:06:33 AM PDT by comebacknewt
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To: kingattax

100% of small business owners feel the same way

and we are about to find out.


7 posted on 10/09/2008 9:06:36 AM PDT by wardaddy (If Mccain does not nut up , we will have rap music at the inagural. I can't wait.)
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To: kingattax

I thought we weren’t supposed to like CEOs, and to never believe what they say??


8 posted on 10/09/2008 9:08:21 AM PDT by stuartcr (Election year.....Who we gonna hate, in '08?)
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To: jersey117

Of course that’s one of the reasons...you can trackt he decline of the market to the hour Obama pulled away. It always happens. When Dems go up in the polls the market tanks..but this year not a peep about it. That’s why I think the Dems manipulated this to happen this month. Pray, pray, pray for our once great country.


9 posted on 10/09/2008 9:09:39 AM PDT by Hildy
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To: jersey117

That’s what I was thinking -

if McCain was ahead by 4 or 5, would the market continue to slide as it is?


10 posted on 10/09/2008 9:09:59 AM PDT by MrB (0bama supporters: What's the attraction? The Marxism or the Infanticide?)
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To: wardaddy

Indeed, if Obama is elected we will probably see MANY, MANY small businesses go under.


11 posted on 10/09/2008 9:10:27 AM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: kingattax

MSM response: Clearly, 74% of CEOs are RACIST! OFF WITH THEIR HEADS!

It’s beyond sickening.


12 posted on 10/09/2008 9:10:30 AM PDT by PreciousLiberty
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To: stuartcr

They get appointed as CEO because the board of directors thinks they have the experience and knowledge to guide the ship of the corporation.

IE, they know what they’re talking about, or they wouldn’t be there.


13 posted on 10/09/2008 9:11:27 AM PDT by MrB (0bama supporters: What's the attraction? The Marxism or the Infanticide?)
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To: kingattax

In less time than Obama has been running for president, the rest of America will know how big a mistake they’ve made, if they elect this radical. Carter will seem like a losing game of Monopoly compared to how bad things will get under the heal of Obama.


14 posted on 10/09/2008 9:13:39 AM PDT by pallis
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To: MrB

All of them?


15 posted on 10/09/2008 9:14:58 AM PDT by stuartcr (Election year.....Who we gonna hate, in '08?)
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To: MrB

I think we’ve seen that a great many CEOs either don’t know what is best for their corporations or they don’t care because they have their golden parachutes strapped on. As a group, CEOs don’t have any credibility with me. I’d be more impressed with a survey of small business owners. Does anyone know of one?


16 posted on 10/09/2008 9:15:11 AM PDT by edweena
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To: jersey117

I believe 75% of CEO’s and OBAMA are bad for the nation, and yes, no wonder the market is afraid..


17 posted on 10/09/2008 9:15:43 AM PDT by Kackikat
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To: kingattax

There’s a discrepancy here - the title and article in the link says it’s Obama that would be disastrous, but the excerpt here says it’s John McCain.


18 posted on 10/09/2008 9:17:13 AM PDT by bethtopaz (America will flirt with Obama/Biden, but marry McCain/Palin.)
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To: stuartcr

No. Only 74% of them.


19 posted on 10/09/2008 9:17:17 AM PDT by WhistlingPastTheGraveyard (youtube.com/wptg)
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To: kingattax
In expressing their rejection of Senator Obama, some CEOs who responded to the survey went as far as to say that “some of his programs would bankrupt the country within three years, if implemented.”

All communist/socilaist governments collapse this way.Russia was a rich country, with lots of resources, so it took 80 years to run it into the ground. We are not.Our economy is bankrupt, and our resources have been declared off-limits by the very people who will support this regime. The only bright spot here is that there isn't the money left to run a socialist country on for very long. Hopefully it will be short.

20 posted on 10/09/2008 9:17:43 AM PDT by Red Boots
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