Flight Of The Investor Class Defections are endangering the GOP's hold on

[RamboLiberal]

http://www.businessweek.com/print/magazine/content/06_17/b3981044.htm?chan=gl

The investor class is souring on George W. Bush and the Republicans. People who call themselves investors (and they aren't all rich) are part of the reason Bush's approval ratings have dropped to an all-time low. Hitoshi Tada has voted for the President twice, but the 27-year-old St. Louis resident and mutual fund investor says he's disappointed by Bush's "seeming lack of direction or progress on any front." Tada, who describes himself as "conservative across the board," isn't impressed by the management skills of America's first MBA President. "He certainly delegates and lets others screw up," Tada says. He calls the scandal- ridden Republican Congress "a hapless, self-serving mess."

Pollsters say 35% of voters belong to the investor class, a group that helped put Republicans in power but now seems restless. The investor class cuts across income levels and age ranges. It includes union members, soccer moms, and a growing share of Latinos, Asian Americans, and African Americans. Within each group, investors are more Republican than noninvestors. Among union investors, for example, 56% voted for Bush in '04, while 63% of labor's noninvestors backed Democrat John Kerry. The only good news on this front for Bush and his party is that most investors think even less of the Democrats. "I have no idea what their policies are," says Tada, an animal caretaker for a pet care service. House Minority Leader "Nancy Pelosi really freaks me out."

The President, who received the votes of 61% of investors in 2004, now gets favorable job approval ratings from just 43%, according to Zogby International Inc., a nonpartisan polling firm. Investors' complaints include the Administration's handling of Hurricane Katrina and the Dubai Ports deal, the management of the Iraq war, the $8.2 trillion national debt, soaring gasoline prices, and immigration policy. "A comfortable investor class votes its values and favors Republicans," says pollster Thomas H. Riehle of RT Strategies. "A nervous investor class votes its fears and punishes Republican incumbents."

That's what Republicans worry about most in 2006. Defections among this group could hugely affect midterm elections. Even if Republicans win a bare majority of investors by holding half of those who have soured on Bush, the decline from past levels would amount to a 3.5 percentage point shift in the national vote toward Democrats. "It could make the difference between winning and losing in a number of congressional districts," says GOP pollster Tony Fabrizio.

[madmark]

1. "He certainly delegates and lets others screw up,"

quote of the day.

[muntrv]

2. First MBA president

fell asleep during business school.

[ShortnFiery]

3. There will not be an economy at all under a mushroom cloud eom

[NorCalDem]

4. I guess the 4th branch is doing it's job.

"most investors think even less of the Democrats. "I have no idea what their policies are," says Tada"

House Minority Leader "Nancy Pelosi really freaks me out."