Bloomberg’s Joke of a Headline Hides True Story

Obama wins in poll as investors resist Gingrich

What does that headline say to you?  The description below the Bloomberg headline was “U.S. investors are rooting for Mitt Romney and those overseas are for Barack Obama. Newt Gingrich is generating little enthusiasm anywhere. ”

From reading that, you might be fooled into thinking Bloomberg ran a poll of investors where Newt lost and Obama was the big winner.  But if you read the story, and parse their words, you will discover a completely different story.  Mike Dorning skips back and forth from the global stage to US investors to create some great quotable lines, while obscuring the real story behind dishonest turns of phrases and ambiguity.

Mixed in with all sorts of good news for Obama, the real story can be found here:

In a potential election match-up between Obama, 50, and Romney, 64, a former private equity executive, global respondents are split, with 41 percent choosing each as better for the world economy. U.S. investors sided 3-to-1 with the Republican and those outside the U.S. 2-to-1 with Obama.

Pay attention.  While investors on the global stage are split evenly between Romney and Obama, Obama looses 3 to 1 with American investors.  Now, let’s look at what they had to say about Newt who was “generating little enthusiasm anywhere” and being “resist(ed)” by investors:

Faced with a choice between the Democratic incumbent and Republican Gingrich, 68, on who would be better for the world economy, global respondents back Obama 52 percent to 25 percent. Those in the U.S. give Gingrich a 44 percent plurality against 35 percent for Obama with 21 percent unable to tell how they would resolve the dilemma.

Did you catch that?  Among US investors Gingrich wins 44% to 35%. Or, as Bloomberg put it, a “44 percent plurality”.  It should be no surprise that foreign investors like Obama better.  In addition to supporting European economic policies, Obama has also done a great deal to bail out European banks and don’t forget when he gift-wrapped Chrysler and sold it for a huge discount to Fiat, an Italian company.  If foreign investors didn’t like Obama, we would have to call them ungrateful.

So what should the headline have been for this story?  Here are some thoughts.  Feel free to add your own suggestions:

Romney and Newt Kick Obama’s Butt in Poll of US Investors

US Investors Prefer GOP, Non-US Investors Like Obama

America Likes Romney and Newt, Europe Likes Obama

Three Times As Many Investors Like Romney Over Obama in US

US Investors Like Newt Over Obama, Like Romney Even More

Effect of Debates vs. Campaign Fatigue

South Carolina is within reach for Newt.  However, he must now combat something other than superpacs and media.  Newt now has to overcome campaign fatigue.  I’m sure that all of the candidates are tired and have been traveling a lot, but that isn’t what I was referring to.  You probably noticed about a month ago that every time there was a new debate, you were sure to have a friend who commented “Really?? Another one??”

Add to the non-stop debates at least 5 major lead changes among social conservatives, a growing, wearying Ron Paul movement, and the constant drum-beat from the establishment that Romney always was going to be the candidate and it is purely undeniable fate, and Romney gets the advantage among Conservatives who are tired of the infighting and want to get on to the main event.

Romney has flaws.  In fact, as I watch his superpac advertise Newt’s baggage (more than an airliner, according to the ad), I have to wonder why Romneycare, running on a pro-abortion platform, and all that does not count as baggage for Romney.  He has not yet been able to get the social conservatives to give him the unanimous thumbs up.  But one thing he has been flawless at has been this particular campaign.  His biggest missteps seem like manufactured class warfare attacks that only make him stronger among conservatives.  For example, he tried to bet $10k in a debate.  Who cares?  So he has $10k to throw around.  Duh, he’s rich.  Not only that, but only a moron, leftist, or member of the mainstream media (but I repeat myself) would think that Romney was actually trying to get Perry to make a financial wager, not just making a point that Perry was off his rocker.

Romney’s comment that he would like to fire his insurance company led to dishonest attacks from fellow conservatives, and perhaps one of the most boring Saturday Night Live opening sketches in history.  Attacks on Bain capital have left most conservatives scratching their heads, wondering if suddenly supporting small businesses and risk taking is no longer GOP approved.  The funnier thing was Obama attacking Romney’s record at Bain, after Obama used our tax dollars against our will to do the same thing with Chrysler against their will.  At least with Bain they were using investor’s money willingly given to help companies who came to them for help.  I can’t imagine the Chrysler bond-holders were hoping Obama would steal Chrysler, sell it to Italy and give the proceeds to the unions.

A couple days before South Carolina, Gingrich’s biggest advantage in the debates may become his worst liability.  Yes, the New Hampshire debate earned top ratings.  But Romney remains unflappable.  On the other hand, in Huckabee’s South Carolina forum on January 14th, the viewership was not quite so wide but Gingrich’s attack on Bain and the crowd’s booing response can be quickly found on youtube.  Going forward, more average voters are going to start relying more on soundbites and replays than taking time away from the playoffs to watch these debates from start to finish.  Without something to rally behind, Newt will not be able to recover the lost ground.

Romney won Iowa and New Hampshire, continuing to cement his front runner and assumed nominee status.  A South Carolina win will make it nearly impossible for any other candidate to catch up despite the fact that Romney continues to come no where near grabbing a majority of Republicans.  By the time Santorum and Perry drop out, Romney may have enough momentum to convince conservative holdouts to stop fighting him and start fighting with him against Obama.

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