Over 70 percent of CEOs fear Obama presidency will be disastrous

Instead of hasty conclusions derived from bitter ignorance, let's think about this.

If the CEOs throughout the country don't want Obama, there is probably a fucking really good reason for it. Let's say that Obama taxes the shit out of big business, what happens? Remember now, we have to think about this. They will leave the country, cut jobs, put the new "Change" expenses on the employees and consumers. What will that do? Increase prices, decrease sales and revenue, hinder the economy. When we are losing businesses, we lose jobs. When unemployment increases, so will our taxes to cover all the people who are out. All in all, higher corporate taxes hinders economic development.

On the otherhand, Reaganomics worked quite well, if we remember. By cutting the corporate taxes from 71% to 20% or so, businesses could reap massive profits. Now these corps who reach massive profits use that money that they make to progress their products and services, that money is sent out through the employees who, with the increase in money, spend it out to other corporations (benefiting other companies). The richie riches that everyone here hates so much, guess what, they SPEND THEIR MONEY. Is that bad? Now, that's actually a really good thing. Because the massive spending helps increase other businesses. Reaganomics created 21,000,000 jobs. Business flooded to the US during it all, and Free Market solutions ensued.

We could go socialist. You know, tax the shit out of everyone, redistribute the wealth, but as we see, socialized solutions don't work nearly as well as business solutions. Boeing made better airplanes than the USSR's socialized production system. FREE MARKET IS THE KEY TO CHANGE. Instead of expecting the idiots in Washington to fix all of our problems (let's say that there are maybe 10,000 of them), why not distribute the rights to solutions to the markets, which contains like 280,000,000 of us who work for these 'evil corporations'.

Instead of talking points, let's discuss and analyze with logic.

I take this as very good news.

Fairness, is just the opposite of who they are?

they fear they will have to pay taxes

The wealth has already been re-disturbed to the top level, Remember, the instant tax increase at $147.00 for a barrel for oil.........Enron style?? now 87.00 ,the fix was IN and is still in?

Lets just hope these powerful CEOs dont pay anyone to do a certain horrible act to Obama...

CEO's are just looking at someone to blame for the eggs they laid. Anyone with half a brain knows that whoever becomes the next president is stepping into a shit-storm, but McCain won't actually change anything. He just wants things to go back to normal ie. keep these folks at the top, and continue to not care about all the people they're crushing to stay up there. Of course they're hoping McCain wins because they know they'll get away with more and continue to have their asses wiped by everyone else instead of taking responsibility for their actions...just like those rich brats in high school who would crash their new cars and then run to daddy for a new one. Obama just won't put up with it and won't keep rewarding them so of course they absolutely detest him.

Yes it needs regulation, but guess what we still need a free market economy that allows businesses who can't make it to GO UNDER. As much as I despise the corporate world, they are right, just as small business owners are in fear as well. Basically anyone who has any control or stake in any company is fearing Obama. That means the everyday person who is aware financially sees the possible downfall Obama may bring, and no not every business owner is a greedy bad human being. A good number of small businesses that are operating now are struggling and Obama's economics will hurt them. But by all means, vote Obama, you will see for yourself. Continue to fall into the mass media love of this man of "hope" and continue to turn away people with legitimate economic plans like Ron Paul.

CEO's fear the Democratic plan to redistribute wealth. Raise taxes so Americans can't afford to buy the companies products and even more fear about the government being part of the free market. You think it's bad now. Wait til Obama flips the economy on it's ear with government handouts. During a recession no less.

It will be much harder for failing corporations to whine for taxpayer money bailouts under Obama.

Of course CEO's want McCain, President Obama is their worst nightmare come true. No CEO wants a person with a brain or spine in charge.

You are all such hypocrites, arguing for the sense of argument. You would be NOWHERE without big business and you know it.

Don't underestimate the quality of life you all enjoy. Yeah, we are in somewhat tough times now, unemployment MAY reach 7-8%, but a liberal socialist agenda has NEVER worked in a capitalist country.

Are you all seriously considering going back to Carter's anti-capitalist approach? Was ANYONE around long enough to remember those days?

After witnessing all the greedy corruption from CEO's in this current financial crisis, it doesn't bother me at all that they feel this way. Their opinion actually makes me think the Obama presidency is exactly what we need.

Please. Are these CEOs really so dense that they feel one person is going to make or break the United States?

(If anyone gets on my case about "just look at what Bush did," you can hold your comments now. He has not done a good job and I do not promote his policies, but to claim that he is solely responsible for our current state of affairs is plain ignorant. That would mean we are completely powerless as voters and citizens, and that our government is a dictatorship.)

The idea of creating a 'trickle' down effect with corporate tax cuts should be thrown out the window with this mess. CEO's taking multi million dollar bonuses while taxpayers foot the bill is a monumental failure on the administrations part. Let's not let this happen again.

All they have to do is hire an economic hitman. they have the money to do it.

These corporate fat cats could stand to lose a little weight anyways. If you have more to give...give more.

lmfao what did you expect. of course ceo's don't want change they want cash and favors :D

Do you mean more so than Bush has already done? Given that we are two land wars in the middle east right now and we have just seen the single largest government intrusion into private industry in our country's history (with more to come)...it's hard to imagine an Obama administration doing much worse.

So...how exactly are McCain's policies different than Bush's?

i think the potential of an obama presidency being disasterous is independent of corporate america all together, if obama screws the country, it'll be by stirring up a bunch of hornet nests in the middle east, or with turning america into a socialist nation and envoking radicals of everykind on our own soil.

kennyJ is exactly right. Trickle down and deregulation have failed. The key to a strong economy is a strong MIDDLE CLASS, not heaping more wealth on those who already have it. Americans are finally waking up to this reality, and that's why the Republicans are so scared.

Well CEO's who make millions would PREFER McCain's(Bush's) tax plan- since it benefits them more than other Americans. The problem is as the recent 700 billion bail out shows, "trickle down" economics clearly doesn't work for middle class people! However I think history has shown this before.

As for the notion that Obama= socialism. The US government under Bush has just 'socialized' far more business than anything Obama would ever do... Not to mention McCain's promise to have the government BUY 300 billion in personal mortgages!

Now if CEO's are considered "job creators" and Bush's economic agende worked- why then is the economy where it is today?

of course they want another pocket PUPPET in that chair... they can walk all over the gov't and everyone points and blames the guy in the oval office....

That's rather telling...

The CEO were doing a great job until the Democrats stuck their noses into free enterprise by forcing wage requirements on them and budensome taxes, which hurt us all. If you are going to blame this current mess on them or Bush , you are only showing your ignorance of the Bankling system and our economic system in general. Be my guest, YOU are the reason that Obamas plans will be disasterours, You are to lazy to even get educated by a Business program on a station like CNBC. I'll guarantee you that they are not all screaming it is Bushs economic policies that caused this or the CEO's

This was a planned move by the Communists in our Government to take control of the economic end of Capitalism. Putting Obama in charge will only make the move to Communism complete with a Marxist at it's head.

Wake up losers, you are giving your country away with your ignorance of what is going on here.

This was caused by Sub-Prime loans and Hedging their bets with inadequate Insurance or reserves. Go look up the people that pushed these loans and the deregulation that allowed them to get away with it. That will be you truth, if you are even interested in the truth.

As I suspect on a Al Gore forum , they have nothing but paid stooges and PC monitors that despise free speech.

"Pay baby Pay!" No tolerance to Millionaires wanting to get much wealthier!

In a related story: Three out of four Mormons would prefer Mitt Romney to John McCain.

In other news, Two wolves and one sheep are voting on what to eat for lunch, predictions abound.

All the more reason to vote Obama. Those CEOs did a great job with the U.S. economy, right?

Again, I wonder how the McCain supporters will spin this.

Just another reason why he should get in.

In politics these days its all about big business, and building "the empire," all in the name of the new world order. This article is not really news, but common sense.

Duh

CEOs preferred Bush to similar margins, and we saw how well that worked. I think CEOs need to start paying a little less attention to politics, and a little more attention to staying afloat without the support of public funds.

Wonder why?