... and take Dodd-Frank with him.

Wall St has sent a clear message to the Obama administration today, and that message is simple, Leave!

Obama's mismanagement of the US Economy and the Bank/Hedge fund killing legislation of Dodd-Frank must be stopped.

Obama's greatest achievement was winning the presidency, not what he achieved with the office.

This shift of money away from the USA is part of a wider trend created by the White House, New York will lose it's role as the financial center of the world.

The shift will reduce demand for US Treasuries over the next decade, more companies will seek new listings in Asia, and the balance of power would have moved away from the USA.

The companies them selves are in great shape, corporate profits are setting records, companies have never had as much cash as they do now, the only problem is a manufactured crisis of faith inspired by a President driven by popularity polls.

While the media has focused on the short term debt issue matters and to a lesser extent the long term implications what they have not addressed is the way this Circus has impacted the credibility of the USA Capital Markets created by Obama and Dodd-Frank.

The political rhetoric and the refusal to deal with the issue at hand will have a lasting impact on the way the world looks at investing in America.

Since 2008 the Government and those elected to represent the American people have made reactionary, over bearing legislation based on there popularity on the given day.

Dodd-Frank, Capping Financial Institutions Wages, Over Regulation and Excessive Prosecution are creating an exodus of talent from Wall St to Asia.

Obama turns 50 today as the president of a faltering superpower beset by inequality and defined by fierce ideological divides and economic woes., issues Obama pledged but failed to address.

The United States enjoys unrivalled military power but this week's deal to raise the ceiling on America's $14.3 trillion debt has exposed deep fiscal and political weakness.

The Democrat leader is under fire from his own party's supporters for a "surrender" which could see government spending fall by $2.1 trillion.

Nobel Prize-winning economist Paul Krugman provided the most damning assessment of the deal in his New York Times column.

He wrote: "It will damage an already depressed economy; it will probably make America's long-run deficit problem worse, not better; and most important, by demonstrating that raw extortion works and carries no political cost, it will take America a long way down the road to banana-republic status...

"Make no mistake about it, what we're witnessing here is a catastrophe on multiple levels."

At the same time American Corporations have never had more cash or better earnings, the message is clear, Business in good, the government is not.



Shayne Heffernan