Monday, October 8, 2012

Among financial pros, Romney trounces Obama - The Term Sheet ...

FORTUNE -- Last week we asked readers of the daily Term Sheet newsletter to participate in a (totally unscientific) presidential poll, and the results were a blowout win for Mitt Romney.

Of the more than 1,800 respondents, 58% (1,071) said that they plan to vote for Romney next month, compared?to 38% (696) who said they plan to vote for President Obama.

The remaining 4% was split between those who chose "other" and who said they don't plan to vote. My oversight in not providing "undecided" as an option.

The vast majority (80%) of respondents said that the economy was the most important issue to them in this election, followed by "other" at 8%, healthcare at 5% and education/foreign policy each tied with 3%.

Only 28% of respondents had contributed to a candidate's campaign. This included an even split (13%/13%) to Romney and Obama, with another 2% having given to another candidate.

In terms of professional demographics, 30% of respondents described their primary profession as private equity. "Other" placed second with 24%, followed by entrepreneur/operating exec (19%), banking (12%), venture capital (11%) and lawyer (4%). The states with the highest representation were California, New York and Massachusetts.

To a large extent, these results were to be expected. After all, this was a poll largely of private equity investors, and Romney is the industry's best-known alum.

But I had figured it would be at least a bit closer, if only because Obama had trounced John McCain the last time I ran one of these for email readers, by a 54-35 margin (in 2004, Bush edged Kerry by two points). My explanation had always been that the broader industry demographics ? GOP-favoring gender/race/wealth ? were counteracted by its geographic nexus in Dem-leaning hotbeds like San Francisco and Boston.

Perhaps familiarity trumps ideology this time around? Or perhaps Obama's admonitions?of "fat cat bankers" have hit a bit too close to home...

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Source: http://finance.fortune.cnn.com/2012/10/08/among-financial-pros-romney-trounces-obama/

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