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85 Percent of CEOs Rank Obama’s Performance as ‘Weak’ or ‘Poor’

According to a recent Chief Executive poll, CEO approval of President Obama’s performance is even lower than his overall approval ratings. More than 85 percent of CEOs think that the president is doing a ‘weak’ or ‘poor’ job, with fully 60 percent of CEOs saying that the president is doing a poor job (giving him a score of 1 or 2 out of 10). Heading into an election year, the president is going to need to sway the opinion of CEOs if he’s going to find success.

This month, we polled our CEOs on their satisfaction with the current Presidential administration, and the response was resounding disappointment.  Over 85 percent of chief executives ranked President Obama’s current job performance as ‘weak’ or ‘poor.’  Even worse, almost 60 percent (59.7 percent) of CEOs ranked President Obama’s overall performance as ‘poor.’ This means that 60 percent of CEOs gave the President a score of 1 or 2 out of a possible 10.

When asked to comment on current state of American business conditions, one CEO said, “Economic conditions are extremely perilous.  Everyone is waiting for the other shoe to drop.  Bank lending guidelines are unpredictable, making financing plans very conservative.  The current administration is so anti-business, we don’t plan on any expansion until we have a new President.  We just hope we’ll be around to see that day.”

As we head into the 2012 election season, the American public is looking for a solution to the unemployment crisis and lagging economy; citizens are becoming increasingly frustrated with the President. President Obama’s approval rating is now at 42 percent and his disapproval rating has reached 49 percent. And the answer lies with those who make the hiring decisions – CEOs.  So, the candidate who can get the backing of CEOs will have a real advantage.


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