Bloomberg Global Poll: Obama Loses U.S. Investor in Global Poll with
  Approval Abroad

    Seventy-Seven Percent of U.S. Respondents View Obama as Anti-Business

 Outside U.S., Fifty-Three Percent of Respondents Say Obama Offers the Right
                          Balance on Business Issues

Business Wire

NEW YORK -- September 22, 2010

President Barack Obama is contending with widespread opposition at home and
mostly approval abroad among investors in a global poll reflecting divergent
perspectives on the business climate from the U.S. to Europe and Asia.

More than three-quarters of U.S. investors (77%) view Obama as anti-business
and are pessimistic about his policies while a majority outside the U.S. hold
a more favorable view, a Bloomberg survey shows.

Two-thirds of U.S. respondents(67.6%) say investing would be improved if
Republicans won control of Congress in the November elections, according to
the quarterly poll of investors and analysts who are Bloomberg subscribers
conducted Sept. 16- 17. Among U.S. respondents, 50 percent say a Republican
takeover would improve the economy, 36 percent say it wouldn’t make much
difference and 13 percent say it would be harmful.

The full story is online at:

http://www.bloomberg.com/news/2010-09-22/obama-loses-u-s-investor-in-global-poll-as-majority-abroad-favor-policies.html

The president does better with investors outside the U.S., with 53 percent
saying he offers about the right balance on business issues. Those outside the
U.S. are also less pessimistic about the investment climate his policies have
created. Globally, 50 percent of poll participants say they consider him
anti-business, up from 42 percent in a January Bloomberg Global Poll. Among
U.S. respondents that number is 77 percent, unchanged from January.

Obama’s wider popularity outside the U.S. isn’t surprising, considering that
stock indexes in Europe and Asia have done worse this year than those in the
U.S., once adjusted for currency valuations.

Overall, 49 percent of poll respondents say the S&P is likely to be higher six
months from now; only 38 percent say the same of the Euro Stoxx 50 Index and
37 percent of the FTSE 100 Index.

Most U.S. respondents -- 70 percent -- say they are not taking any action in
anticipation of a potential increase in U.S. capital-gains taxes, which will
happen if Congress doesn’t take action by the end of the year. Only about one
in four respondents (27%) say they already have sold or plan to sell more
assets than they normally would to lock in the current 15 percent tax rate.
Those with a higher net worth are more likely to say they have already acted
or are planning to, with 35 percent of those with a net worth of more than $1
million saying so, compared with 19 percent with smaller portfolios.

Unless Congress acts, rates for capital gains will increase to 20 percent from
15 percent. Dividends, currently taxed at 15 percent, would be taxed as
ordinary income with rates as high as 39.6 percent. Under Obama’s plan, the
capital gains rate would remain at 15 percent for most, while the top rate
would rise to 20 percent.

Two-thirds of respondents in the U.S. (65%) say they think damage would be
done to the economy if Congress approved Obama’s proposal to extend tax-rate
reductions enacted under President George W. Bush only for those who earn less
than $200,000 per individual, or $250,000 per couple.

There is division globally on what would be the best tax action for the U.S.
economy. Within the U.S., 67 percent say extending the cuts for all would be
best. That is more than twice the proportion who hold that view outside the
U.S.

The quarterly Bloomberg Global Poll of investors, traders and analysts is
based on interviews with a random sample of 1,408 Bloomberg subscribers. The
poll has a margin of error of plus or minus 2.6 percentage points.

More than half of respondents (54%) polled say they think this year’s passage
by Congress of an overhaul of U.S. financial regulations will weaken Wall
Street’s profitability for the next few years. Almost a third (29%) says it
won’t affect profitability, while 10 percent say it will strengthen earnings.
Among U.S. investors, 65 percent say it will weaken Wall Street’s profits.

A fifth of subscribers (21%) say their own companies have been affected a fair
bit or a great deal by the new rules, while 31 percent say just some. Among
those who say their employers have been affected at least some, 51 percent say
it has been bad for the company’s profitability.

One of the few pieces of good news for Obama in the survey is that global
investors view him much more favorably than they do his predecessor, George W.
Bush. Only 25 percent give Bush a favorable rating, while 71 percent say they
view him unfavorably. The former president does better among U.S. respondents:
45 percent view him favorably and 52 percent unfavorably.

Contact:

Bloomberg
Kristin Swenson, +1 212 617 4264
kswenson@bloomberg.net