Exec Survey: Obama Will Win, Tech Economy Will Lose

US President Barack Obama and Republican challenger Mitt Romney following their first debate. (Photo: AFP/Getty Images via @daylife)

A new survey shows a large majority of technology leaders thinks President Obama will win re-election. But by a somewhat smaller but still large margin, they think Republican challenger Mitt Romney would be better for the technology economy.

Those are the chief results of a survey conducted recently and released today by the law firm DLA Piper at its technology summit today in Menlo Park, Calif. They may not be particularly surprising, but the margin by which the tech executives assume another four years of Obama is likely seems striking–especially with Romney possibly gaining support in Silicon Valley.

Even as they believe Romney would be better for their businesses, their widespread assumption of an Obama victory suggests they’re opting not to engage in wishful thinking. (To be clear, however, there could be some selection bias, since only 220 executives out of 5,000 who were sent the survey responded.)

But the clear majority do wish Romney would pull off a come-from-behind victory. Some 60% said they’re skeptical that a second Obama administration would be positive for the technology business. That’s a complete reverse of their feelings four years ago, when 60% thought Obama would be better for tech than Republican John McCain. However, a separate question about whether executives agreed with the statement that Obama would be positive for the tech industry revealed that 42% did, while 21% were neutral. …

Read the complete survey results at The New Persuaders.

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