In fact, I would go so far as to say that there is almost a universal belief among all of the large firms -- mutual and hedge and research -- that if this president gets his way and the House and Senate stay Democrat we are going to decline precipitously. It is so palpable that it overrides any data that could come out, whether it be earnings, or inflation, or spending, or employment itself.
But no one will say it!
It is amazing to me that no one will break ranks and say out loud what they say to me 10 times a day: "This president hates business, hates successful business people, and hates the basic way business is done in this country!"
Believe me, not only is it unspoken but it is vehemently and viscerally mutual. I can't find a business person who, privately, will say a good word about this guy or his team. He is despised. Just not openly. Never will be. Too dangerous. Seditious even.
Well they big Wall Street firms got stabbed in the back by Obama even after giving millions to his campaign. He is totally anti-business and anti-success with his statement "eventually you have to say you have made enough money." Who is he to make that decision?
The Chrysler bailout told me all I needed to know about his economic ideology. They screwed the long term debt holders and gave an equity stake to the Unions. If he could do the same to every other company in America he would. I is as simple as that.
Plus, his team doesn't know how to make a private sector job to save their skins. As I point out over and over he doesn't have a single person that has run a lemonade stand anywhere in his administration. All he knows how to do is raise taxes and borrow trillions from the Red Chinese that he immediately flushes down the toilet and then blames Bush, the GOP, Rush Limbaugh, or whomever for screwing up.
Mark my words, you will see a multi-month rally as soon as the GOP retakes Congress because businesses know that Obama's job killing agenda will be blocked.
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