The L.A. Times reveals a truth many of us already knew, but that the electorate at large evidently did not — namely, that Obama’s economic policies are terribly worrying to many knowledgeable investors:
[P]lenty of people believe Obama’s ideas will be somewhere between hurtful and ruinous for investors over time.
Tom Kerr, who helps manage $2.5 billion in stocks for Reed, Conner & Birdwell Inc. in L.A., asserts that many of the policies Obama has espoused are “job destroyers and are bad for all size businesses in America.”
He ticks off his list: “Less free trade . . . more business regulation . . . increased union power . . . higher tax rates on big consumer spenders.”
It’s OK to say . . . now that he’s safely elected.