{"id":44793,"date":"2014-10-30T07:38:40","date_gmt":"2014-10-30T11:38:40","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=44793"},"modified":"2014-10-30T07:51:14","modified_gmt":"2014-10-30T11:51:14","slug":"wall-street-gives-congress-8-job-approval-ratings","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2014\/wall-street-gives-congress-8-job-approval-ratings.html","title":{"rendered":"Wall Street Gives Congress Just 8% Job Approval Rating"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2014\/10\/268_congress.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright  wp-image-44795\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2014\/10\/268_congress.jpg\" alt=\"268_congress\" width=\"363\" height=\"244\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2014\/10\/268_congress.jpg 400w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2014\/10\/268_congress-300x201.jpg 300w\" sizes=\"auto, (max-width: 363px) 100vw, 363px\" \/><\/a>New York (HedgeCo.Net) &#8211; The results of a Wall Street Midterm Elections Survey by ConvergeEx Group are in, showing that Wall Street disapproves of Congress, Obama, and Washington in general.<\/p>\n<p>&#8220;We are looking at the worst relationship between the financial services industry and Washington in living memory,&#8221; said Nicholas Colas, ConvergEx Group chief market strategist. &#8220;You would have to go back before the modern era of regulation to find comparable antagonism toward the federal government from Wall Street.&#8221;<\/p>\n<ul>\n<li>Just 17% of respondents say they approve of the job Barack Obama is doing as President, while 73% said they disapprove. (This compares with a 41% approval\/54% disapproval rating for the President in polls of the general population.)<\/li>\n<li><span style=\"color: #333333;\">Opinions of Congress are even lower, with just 8% approving of the job being done by lawmakers and 81% disapproving. (This compares with a 13% approval\/79% disapproval rating for Congress in polls of the general population.<\/span><span style=\"color: #333333;\">) On handling issues of concern to the financial services industry, almost half (46%) give Congress a &#8220;D&#8221; or &#8220;F&#8221; grade.<\/span><\/li>\n<\/ul>\n<p>With control of the U.S. Senate at stake, the preference of the financial industry is clear: 69% of respondents say they would like Republicans to be in control following the elections, a figure above the 65% who say they plan to vote Republican in their own House districts. By 61% to 14%, Republicans are trusted over Democrats on issues impacting the financial services industry.<\/p>\n<p>For 8 of 9 market sectors, a higher percentage of respondents said equities would respond positively to a GOP win than to a Democratic win, with Energy (90% Republican vs. 11% Democrat) and Financials (88% Republican vs. 14% Democrat) seeing the greatest disparity. Only for the Heath Care sector (39% Republican vs. 64% Democrat) do more investors expect a positive outcome in response to Democrats holding the Senate.<\/p>\n<p>Alex Akesson<br \/>\nEditor for <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; The results of a Wall Street Midterm Elections Survey by ConvergeEx Group are in, showing that Wall Street disapproves of Congress, Obama, and Washington in general. &#8220;We are looking at the worst relationship between the financial [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-44793","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/44793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=44793"}],"version-history":[{"count":7,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/44793\/revisions"}],"predecessor-version":[{"id":44805,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/44793\/revisions\/44805"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=44793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=44793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=44793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}