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Greg Valliere of the Potomac Research Group breaks down the president’s perception by Wall Street donors and whether the economy is headed toward re...
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-- from the November election is all about the economy and the President Obama donations from Wall Street are actually drying off.
Great -- -- all front of mind from the Potomac research group is in DC book correct it -- years and years and years how on you.
I didn't know -- a farmer and the legend grows.
I think that's nowhere that's great to see historic -- suit now look the latest numbers that I saw.
Was that the governor Romney had gotten 37 million dollars from the financial industry Wall Street.
And the President Obama gone on Duff five million dollars now which tells me Wall Street's abandons the Obama administration was -- tell you.
Well I hadn't seen that number but I was prepared to tell you I think it's about 8220.
I go around the country I talk to people in this industry.
And I say it's about 8020 in favour of Romney.
You know the Obama rhetoric has been so provocative so hostile that just people in our industry feel he just doesn't understand.
Our business.
Does it what do you say our business does it just not understand Wall Street -- is -- the fundamental and the lack of understanding of private enterprise the private sector -- -- makes business really tick.
Well regrettably and I'm not an Obama basher but regrettably I would say it's the latter Stewart.
You know it's well known that within his administration at high levels there is no one who has run a business and no one.
And eat it shows and I think on Wall Street there's a feeling that he has a convenient whipping boy -- pinata and there's a lot of resentment right now.
I'm interested to hear you say that because I know I've known you for many many years pretty 20/20 five years and you know I you've always been dead down the middle you're not a political posts and apple right here you know you don't I don't know never picked up behind political ideology from you on the -- very different from me that we -- -- -- Yes of course so I -- to -- -- let me move on to the G-20 meeting today yeah.
There's going to be a meeting this afternoon between President Obama and angle and local.
All -- -- -- -- will really try to press hard for a huge bail out of Europe so that Europe doesn't trash before the election.
And all saw I Tillamook -- basically say no we're not gonna do it what's your -- How's this for a cynical view Stewart I think he knows that's going to happen -- he needs a scapegoat.
If Angela Merkel says you know the Fed this week is not going to do any big new quantitative easing.
So he has a scapegoat he can say well things are -- a heck of a lot better if it wasn't for Germany so I think -- each piece prepared for that.
Addressing one last question you follow their economy close -- closer than none that you follow politics I I believe.
Do you think that we're winding down and getting very close to a recession later this year.
Close but I I think we can avoid one I think we're gonna limp -- But look just a quick comment Stewart on the election I think Romney is the favorite right now I've been saying that for a few weeks.
Two things -- throw out -- -- number 175%.
Of all Americans think we're in a recession.
We're not that they think that.
In number two the Washington Post had a poll a few weeks ago it showed that only 16%.
Of the public thinks things are better now than they were four years ago.
That's a tough climate to get reelected him.
Alright great value what a pleasure to see you again I hope you -- again frequently -- -- connect you bet I happen.
Next.
