Investors Give the President Some Bad News


Howard Gold Image Howard Gold Founder & President, GoldenEgg Investing

A week before Election Day, the results of a new®/The Independent Agenda® Investor Class Poll will not be welcomed by President Obama, writes’s editor-at-large Howard Gold.

Nearly two-thirds (64.2%) of the 1,005 investors who responded to the survey plan to vote for former Massachusetts Gov. Mitt Romney, versus only 27% who expect to cast their votes for the president. 8.6% of those surveyed said they were still undecided.

That's actually a slight improvement for President Obama since our first poll six months ago, when Romney topped the president by 76% to 24%, beating the incumbent by more than three to one.

And by 57% to 43%, the respondents to our current poll said they thought Gov. Romney would be elected. They also overwhelmingly expect Republicans to retain control of the House of Representatives and, by 56% to 44%, look for Democrats to keep the US Senate.

For all the results of the poll, please click here.

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Meanwhile, the investors polled were optimistic about the chances Congress and the next president will avoid going over the "fiscal cliff"—when hundreds of billions of dollars in tax cuts expire and mandatory spending reductions begin in January 2013.

A large majority—87% of those surveyed—expect a deal in the lame-duck session of Congress immediately after the election (20%); when the new Congress takes office in January 2013 (27%), or some time in 2013 (40%). Only 13% do not believe a deal will be struck.

President Obama's re-election team can take some solace from the composition of this group.

45% are registered Republicans and only 18.5% are registered Democrats.