Wall Street braces for an Obama win

Source: Politico

Wall Street braces for an Obama win

NEW YORK — Mitt Romney was Wall Street’s dream candidate, a former private equity executive committed to lower taxes and less regulation who would never rip bankers as “fat cats” as President Barack Obama famously did.

But now many masters of the universe concede they may not get their man.

Across Wall Street and the broader landscape of corporate America, even strong supporters of Romney acknowledge that swing state polling numbers and the direction of economic data and markets suggest it’s time to brace for a second Obama term.

“It looks right now like it’s probably going to be Obama, so you have to start planning for that, even if it’s not what you would prefer,” said the chief executive of one of the largest companies in the United States who has criticized the president and spoke on the condition of anonymity in order to give a frank assessment of the state of the race. The executive added that plans were under way to work with a second Obama administration on selling a plan to avoid the fiscal cliff with major tax and entitlement reform that includes some new revenues.

Read more: http://www.politico.com/news/stories/0912/81738.html#ixzz27gGurrSU

28 replies, 4087 views

Reply to this thread

Always highlight: 10 newest replies | Replies posted after I mark a forum

Replies to this discussion thread

28 replies	Author	Time	Post
Wall Street braces for an Obama win (Original post)	kpete	Sep 2012	OP
One thing we've learned in the last few years	Courtesy Flush	Sep 2012	#1
We've also learned that no matter how much	Blue_Tires	Sep 2012	#6
+1!	SunSeeker	Sep 2012	#13
The last 3 years have been pretty good for Wall Street investors, why would there be concern?	liberal N proud	Sep 2012	#2
They are not as concerned as politico would like you to believe /nt	still_one	Sep 2012	#3
Yeah, Jamie Dimon's shaking in his Presidential cuff links. nt	OnyxCollie	Sep 2012	#24
The DOW is up 7,000 points since he took office...	titaniumsalute	Sep 2012	#4
so the bank executives are gonna write the "entitlement" reforms now?	2pooped2pop	Sep 2012	#5
Suffering wall street.	Gary 50	Sep 2012	#7
Great Post	thelordofhell	Sep 2012	#26
The "captains of industry" are prone to leading the lemmings off the cliff	bhikkhu	Sep 2012	#8
Anyone notice	Sekhmets Daughter	Sep 2012	#9
"BRACE" !? That's complete BS	BlueStreak	Sep 2012	#10
I think they're talking about the scumbags that loot and pillate the average person for profit.	progressivebydesign	Sep 2012	#12
Yes. That crowd doesn't welcome Obama	BlueStreak	Sep 2012	#17
"Pease don't throw us into the briar patch!"	Ikonoklast	Sep 2012	#18
Do you realize how long the waiting lines will be for a new Ferrari?	BlueStreak	Sep 2012	#20
WTF? The Stock Market has SOARED under President Obama.. or are they talking the pig traders???	progressivebydesign	Sep 2012	#11
"Why does Wall Street Dislike Obama so much? (strong market, but he hasn't "fixed things".)	pampango	Sep 2012	#14
Truth is: Wall Street has been throwing itself a big, big party since about 1992,A	JDPriestly	Sep 2012	#23
I suspect their party goes back to 1981 or so, but I agree with your point.	pampango	Sep 2012	#25
Wall Street: "Stop it. This is hard. You want to try it? "	FailureToCommunicate	Sep 2012	#15
Yeah, they hate making money.	WilliamPitt	Sep 2012	#16
Great! Start with cutting the Pentagon = 60% of Fed Budget, by 30%-50%	Riverman	Sep 2012	#19
I don't know what Wall Street has to complain about	Mz Pip	Sep 2012	#21
Gee. All those billions and billions they were going to get with Romney as Prez	lunatica	Sep 2012	#22
Who speaks for the 99% in the off the cliff talks	upaloopa	Sep 2012	#27
Why does Wall Street hate Obama? Here's why...	davidn3600	Sep 2012	#28

Response to kpete (Original post)

Thu Sep 27, 2012, 10:44 AM

Courtesy Flush (4,247 posts)

1. One thing we've learned in the last few years

Is that Wall Street can thrive while not creating a single job. President Romney would gloat about renewed market performance, and working people would still not be getting a paycheck.

Wall Street braces for an Obama win

1. One thing we've learned in the last few years

6. We've also learned that no matter how much

13. +1!

2. The last 3 years have been pretty good for Wall Street investors, why would there be concern?

3. They are not as concerned as politico would like you to believe /nt

24. Yeah, Jamie Dimon's shaking in his Presidential cuff links. nt

4. The DOW is up 7,000 points since he took office...

5. so the bank executives are gonna write the "entitlement" reforms now?

7. Suffering wall street.

26. Great Post

8. The "captains of industry" are prone to leading the lemmings off the cliff

9. Anyone notice

10. "BRACE" !? That's complete BS

12. I think they're talking about the scumbags that loot and pillate the average person for profit.

17. Yes. That crowd doesn't welcome Obama

18. "Pease don't throw us into the briar patch!"

20. Do you realize how long the waiting lines will be for a new Ferrari?

11. WTF? The Stock Market has SOARED under President Obama.. or are they talking the pig traders???

14. "Why does Wall Street Dislike Obama so much? (strong market, but he hasn't "fixed things".)

23. Truth is: Wall Street has been throwing itself a big, big party since about 1992,A

25. I suspect their party goes back to 1981 or so, but I agree with your point.

15. Wall Street: "Stop it. This is hard. You want to try it? "

16. Yeah, they hate making money.

19. Great! Start with cutting the Pentagon = 60% of Fed Budget, by 30%-50%

21. I don't know what Wall Street has to complain about

22. Gee. All those billions and billions they were going to get with Romney as Prez

27. Who speaks for the 99% in the off the cliff talks

28. Why does Wall Street hate Obama? Here's why...