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			| sebastian_dangerfield | 08-08-2012 12:42 PM |  
 Re: Should 5% appear too small.
 
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					Originally Posted by Greedy,Greedy,Greedy
					(Post 471250)
				 Not quite sure why your vote is based on how business community treats him - are these people you're sucking up to? Doesn't it make more sense to look at what he's done for business than how they view him?
 Around here, of course, the business associations are generally happy with what he's done for business.  This area will be a big winner in healthcare reform (yes, at the cost of the medical device tax), tech and biotech are doing well, we're finally back to seeing H-1B visa number increase, a big business priority here, and we don't get laughed at for our leadership as we do international work.  And, the IPO window is open!
 
 I know folks like the National Chamber, who advocate for businesses whose number one priority is cheap labor, don't like him, but screw them.  The banks don't like him much, but that's because they needed a trip to the woodshed after '08, but the markets sure do, with S&P up 75% in his term.
 
 |  The business community's investment creates jobs.  I'm not sucking up to anyone.  I'm hoping more capital will get brought back here.  
 
Around here, the hospitals, insurers, and pharmaceuticals probably do like Obama.  But outside those areas, and particularly among small businesses, he is strongly disliked.  True or not, the perception is that with him out of office, we may see more domestic investment by businesses.  Banks may be let off the regulatory hook a bit and lend more, and we might see consumption return for a time (I think we're fucked long term no matter who we elect, but that's another issue).  
 
From my view, things can't get any more difficult for mid to small businesses (my wife and I both have small businesses, and I service many small business owners and clientele).  Will Romney effectively assuage the malaise?  I don't know.  But he can't make things worse, Obama isn't doing much for me, and could make things worse in a second term where he doesn't have to be centrist, so why not take vote for Mitt?  
 
Read about who's responsible for all the trading in the market these days.  Read about the over hundred billion yanked from the market by investors in the just the last year.  A lunatic bull run fueled exclusively by quant algorithms is nothing to crow about.  And Obama isn't even really responsible for that.  The volatility that keeps funds churning that market for short term gains accrues in large part from uncertainty created in significant part by the health care bill. |