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Thursday, February 12, 2009
Dan Gainor :: Townhall.com Columnist
New CEO Obama Shows How Tough It Is to Run a Company
by Dan Gainor
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Poll
Will the Dems' health care Christmas Present to America be an improvement or detriment to our health care system?


# # #

There are reasons why politicians seldom run companies. They don’t know how. Had Obama’s first few weeks been covered by the business press (see above) as if he were a company CEO, he would have been much criticized. Even before that happened, investors would have sold stock in Hope and Change like it was Enron and Edsel.

Imagine every misstep having an impact on a stock price, not a poll. Obama has the media in his back pocket, so polls matter little to him at this point. But if his company’s stock had dropped 14 percent since he became CEO, as the Dow has done in that time, investors would be running for the exits.

Bad things happen when politicians who have little or no actual business experience (that is most of them) meddle in the private sector. The actions they take hurt business and often make things worse. In Obama’s case, he’s already shown he lacks the maturity to run a company – be it Fortune 500 or Baskin Robbins’ 31 flavors.

It’s not that liberals are incapable of running a business. That’s silly. Warren Buffett and Bill Gates make that a laughable argument. It’s because Obama doesn’t believe in profit, he believes in government.

And in the business world, simply saying “I screwed up” doesn’t cut it.

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About The Author
Dan Gainor is The Boone Pickens Free Market Fellow and director of the Media Research Center’s Business & Media Institute.
 
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51 percent
51 percent of those who voted in the last presidential election should be saying, "I screwed up."

REAL CHANGE I WOULD BELIEVE IN
perhaps a real change would be to constitutionally require that the person running for "president" should be qualified

and that those voting should pass a minimum qualifying test as well to show they have some understanding of what they're voting for
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