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Peter Guber: Hollywood 'Disappointed' With Obama's First Term

Peter Guber Headshot - P 2012
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The Mandalay Entertainment CEO told Fox Business: "The first term was not exactly a stellar performance."

Mandalay Entertainment  CEO Peter Guber told Fox Business' Neil Cavuto in an interview this week that Hollywood expected President Barack Obama to be a "Magic Man." "Even the most ardent supporters have said, 'Yeah the first term was not exactly a stellar performance.' It wasn't really a win-win," Guber said.

The veteran producer also attempted to explain why Hollywood is dominated by liberals. "They're in the arts," Guber said. "The arts tend to be more liberal."

More from the interview:

GUBER: They're disappointed with the first term. They're not exactly going to register to vote for the other side, but they expected more. They expected this person was going to to be a "Magic Man," that somehow he was going to cure all the ills of the country.

Certainly that was the promise that was inherent in what he was saying and he was just a man. and he was a first termer, and he hadn't run a big business and he hadn't run a company as large as this.

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And suddenly he had all these monstrous and challenging problems for anyone and he didn't face them all too good. So the question is, even with Hollywood, he went Silicon Valley.

I think a lot of these people who have been doing fundraisers and supporting him have some real questions.

They have questions on whether this will really change in the second term. Will it be more of the same? Can he really solve what he couldn't solve in the first term in the second term? Or should they make a change?

So I think whether there are cracks, or fissures or gaps, I think the issues are out there, and even the most ardent supporters have said, "Yeah the first term was not exactly a stellar performance. It wasn't really a win-win."

CAVUTO: Well, Peter, you know these guys better than I do, but I don't exactly see them stormin' for the Mormon, if you know what I mean. Maybe they'll sit it out. Maybe they won't write as big of a check. But they certainly aren't going to be running to Mitt, are they?

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GUBER: That's correct. The question is will they remain neutral. Will they not vote? Will they endorse him thoroughly and unconditionally? Probably not.

CAVUTO: Why are they so monolithically liberal?

GUBER: It's not so much that they're monolithically liberal. They're in the arts. The arts tend to be more liberal. There tends to be more social relevance in the arts. They tend to grow into that environment.

I don't think it's necessarily New York or Hollywood. I think it's the people in that type of an industry. For example, I know some of them, even like myself, are fiscally conservative but socially liberal. You have that kind of dichotomy. They are not monolithic in that sense.

But what is interesting, this is a distraction. No one is going to vote for someone because Sarah Jessica Parker is holding a fundraiser for him. They're not doofs. They're all smart. The ideal is they get the attention of the public.

Video of the interview HERE.