Obama gets a vote of no confidence from investors for many reasons. For one, he can’t run the economy unless running it off a cliff counts. For another, they never know if he will follow the law in a situation like GM or MF Global. There are others but that’s enough.
In a new poll of investors, the people who contribute so much to our economy, Romney would beat President Obama 76% to 24%.
Money Show:…Romney also would get more than 60% of the votes cast if either Rep. Ron Paul or New York Mayor Michael Bloomberg ran as independent candidates, the poll showed.
The respondents were pretty evenly divided among three leading contenders for the Republican vice presidential nomination: 30% prefer Sen. Marco Rubio (R-Fla.), 28% choose Rep. Paul Ryan (R-Wisc.), and 26% favor New Jersey Gov. Chris Christie. Former Gov. Romney has begun to vet potential running mates.
The poll was conducted from April 9-16 through dedicated e-mails and on MoneyShow.com. Its findings have a 95% confidence level with a 2.72% margin of error. You can see the complete poll results here.
President Obama’s re-election team can take some solace from the composition of this group.
More than half of them are registered Republicans and only 15% are registered Democrats. The country is30% Democratic and 27% Republican, so the percentage of Republicans is nearly twice as high in this group.
Also, 53% think of themselves as fiscal conservatives—about ten percentage points higher than the 42% of all likely voters who describe themselves that way, according to a poll by the conservative Rasmussen Reports.
But that’s about all the positive spin the President’s supporters can take away from this.
First, the three-to-one margin against him amounts to a decisive repudiation of his leadership on the economy from people who have skin in the game. It’s a much, much bigger spread than we’ve seen in previous elections.
In 2008, the investor class was evenly split between Sen. Obama and Sen. John McCain, according to a poll in IBD. The same poll found investors broke for President George W. Bush over Sen. John Kerry by 53% to 42% in 2004…