Monday, November 10, 2008

Financial Advisers Lack Confidence in Obama's Ability to Heal U.S. Economy, According to InvestmentNews Survey

PRNewswire/ -- The majority of financial advisers have little confidence in President-elect Barack Obama's ability to put the U.S. back on sound economic footing, according to a new online survey by InvestmentNews, the leading news source for financial advisers. Of the 968 financial advisers surveyed on November 6 and 7, 61% said they lack confidence in the new commander-in-chief's ability to resolve the country's economic woes.

Besides restoring economic stability, 39% of 997 advisers said the development of a workable energy policy was the most important issue facing the country, the survey found. Terrorism, the war in Iraq and health care were picked as the No. 1 issue by 23%, 21% and 17% of respondents, respectively.

"Despite Obama's historic election last week, our survey reveals that financial advisers are still unsure about his ability to resolve our nation's most pressing economic issues," said Jim Pavia, editor of InvestmentNews. "This just goes to show that the President-elect has his work cut out for him in the months ahead - not just in creating a path to prosperity but in proving himself with the financial community."

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