Frank Rich Is Right: Obama Is The Rodney Dangerfield Of U.S. Presidents
He don’t get no respect. No respect at all. He went to a business executive who told him the economy was bad. Obama said, “I’d like a second opinion.” The executive said, “I hate the Affordable Care Act, too.”
Corporations in the United States will have their biggest earnings growth in 22 years. The stock market will have it’s best back-to-back annual gains since 2004. The Standard and Poor’s 500 Index is up more than 43% since Obama became president. Yet, a Bloomberg Global Poll shows 63% of investors believe his polices are detrimental to their interests, bearing out Frank Rich’s theory that Obama is the Rodney Dangerfield of 2010.
And while 6 in 10 U.S. investors believe the Bush tax cuts should be maintained, that is not the view globally.
Pluralities of investors based in Europe and Asia believe it would be best to extend the tax cuts only for families making less than $250,000 per year, as Obama and most congressional Democrats advocate. Almost a quarter of investors outside the U.S. believe all the Bush tax cuts should expire — a solution espoused by former Federal Reserve Chairman Alan Greenspan as a way to curb the deficit — while only 10 percent of U.S. investors say so.Click here for reuse options!
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