Advisers doubt Obama's ability to cure economy

The majority of financial advisers have little faith in President-elect Barack Obama’s ability to put the nation back on a sound economic footing.
NOV 07, 2008
The majority of financial advisers have little faith in President-elect Barack Obama’s ability to put the nation back on a sound economic footing. An exclusive InvestmentNews survey of 968 advisers this week found that 61% lacked confidence in the new commander-in-chief’s ability to resolve the country’s economic woes. Besides restoring economic stability, 39% of advisers who responded 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. The online survey was taken Thursday and Friday.

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