Do We Need Businessmen in Government? Based upon His Business Acumen, Donald Trump Briefly Became the Lead GOP Contender for the 2012 Presidential Race. but Would Businessmen in Politics Lead to Good Ends?

By Rockwell, Llewellyn H., Jr. | The New American, August 8, 2011 | Go to article overview

Do We Need Businessmen in Government? Based upon His Business Acumen, Donald Trump Briefly Became the Lead GOP Contender for the 2012 Presidential Race. but Would Businessmen in Politics Lead to Good Ends?


Rockwell, Llewellyn H., Jr., The New American


One of many creepy features of the Obama administration is the dearth of people in its ranks who have real-world commercial business experience. This might help account for the rise of real-estate mogul Donald Trump to become, briefly, the front-runner (according to polls of Republican voters in April) in the effort to unseat Obama. After using his high-profile presidential bid to secure a new two-year contract from NBC for his Celebrity Apprentice show (for which he will personally pocket, reportedly, $65 million per year), Trump announced that he was dropping the White House run to pursue his real passion: business. However, he has continued his regular appearances on Fox news, criticizing President Obama and threatening to run as an independent candidate, if the Republicans nominate a "loser."

[ILLUSTRATION OMITTED]

Many conservative-leaning Republicans, it appears, continue to be held in thrall to "The Donald." Trump, after all, is a businessman, they reason, and surely we need someone like that in the White House, especially given the gross ignorance of business that is replete in the Obama administration.

This impulse is wrong, and I will explain why. But let us first acknowledge the problem.

Michael Cembalest, the chief investment officer for J.P. Morgan Private Bank, wrote up a report in Forbes in 2009 that claimed a huge gap between the Obama administration and the world of commerce. The number of Cabinet appointees who have any connection to commerce, he wrote, is less than 10 percent, whereas the typical Republican administration has more than 50 percent. Eisenhower had the highest percentage of the century, with Reagan a close second.

This report was later disputed by those who regard community organizing, work for government-funded research labs, and law partnerships to be business experience. Those who dispute the report, for example, cite Timothy Geithner's work for Kissinger Associates as the "private sector." That's a stretch! In any case, the author of the report later withdrew it, admitting that there were too many close calls--too many leaky passages between public and private--to make an objective judgment.

There can be no question that the Obama administration is tone deaf on matters of business and that this is part of the reason. There is virtually no one in a position to weigh in on legislation or on economic matters at all who has a clue of what it is like to pay the bills based on consumer-driven revenue, do the cost accounting, hire and fire workers, reach out to new markets, or beat the competition. They have about as much sympathy for the daily affairs of commerce--the heart and soul of a thriving economy - as the rest of us have for the workers and peasants of the planet Pluto.

This helps explain why there are so many in government today who think that regulations are no big deal, that taxes can go up with no consequence, that inflation is harmless, that the minimum wage--and the regular increases in the minimum wage--surely causes no harm. For these people, the causes of job creation and economic growth are ultimately mysterious. They are vulnerable to witch-doctor technicians who announce the need for new trillions in spending or some new cockamamie scheme for regulation.

How did the Obama appointees get where they are? They are mostly creatures of the political, legal, and academic worlds that exist in blissful isolation from the need to actually produce anything useful to people. They came up through the ranks in this system and learned that capitalism is mostly dangerous, that business is a menace, that only governments and the activists that support governments make a contribution to progress.

Even though they have lived their entire lives in a parasitic relationship to the private sector, they have no sympathy for or understanding of the host. If they think of the private sector at all, it is to regard it as a thing to use and loot, and otherwise whip into shape. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Do We Need Businessmen in Government? Based upon His Business Acumen, Donald Trump Briefly Became the Lead GOP Contender for the 2012 Presidential Race. but Would Businessmen in Politics Lead to Good Ends?
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.