Survey: Obama would be a disaster for jobs

A survey of 751 CEOs of major American companies conducted by Chief Executive magazine finds that Sen. Barack Obama's economic and tax policies would be disastrous for American workers.

CEOs surveyed said they prefer Sen. John McCain's economic plans by a 4-1 margin.

"The stakes for this presidential election are higher than they've ever been in recent memory," said Edward M. Kopko, CEO and Publisher of Chief Executive magazine. "We've been experiencing consecutive job losses for nine months now. There's no doubt that reviving the job market will be a top priority for the incoming president. And job creating CEOs repeatedly tell us that McCain's policies are far more conducive to a more positive employment environment than Obama's."

Some CEOs who responded to the survey went as far as to say this of Sen. Obama: "Some of his programs would bankrupt the country within three years, if implemented."

Obama's tax policies, which scored the lowest grade in the poll, are particularly unpopular among CEOs, Kopko said.

"Overall, many CEOs are concerned about the future of the U.S. economy and its ability to compete in the global market, but they look to John McCain and hope that this self-described political maverick may yet shake up established thinking and not give into to the tired policies of the past," Kopko said.

It's amazing that anyone with a basic understanding of economics would consider voting for Barack Obama. His plan to raise taxes on working people and investors and increase the federal debt while imposing government health-care on businesses is a recipe for disaster.

To read the full article and see more of the survey results, visit the magazine's Web site.