There are many people, smart and good people, who are deeply confused about the direction of the current administration. They are baffled as to why Barack Obama and his acolytes cannot see what is happening to our economy. I encountered one of these good people recently, and engaged in an eye-opening conversation.
I contacted a gentleman who holds some real estate investments, and with whom I’ve done some business in the past. We had met through Republican politics, but I sensed he was really uncommitted politically and certainly was no staunch Republican. It all started when he asked me how I was doing.
I replied that I was doing great, which is almost always true. Even when things are challenging – like they are today – I am thankful to be an American Jew living in this country, the greatest country in the history of mankind, with a beautiful wife, two wonderful children, and three terrific dogs. He said “You’re doing great? You are the only one I talk to who is doing great. All my tenants are struggling. These people in the Administration are so smart, why don’t they understand what is going on out here?”
What an opening – how could I pass on that one? So I told him what I thought he understood already. Yes, the folks in the Administration may be smart, but they have no experience. Virtually none of them has ever participated in the free enterprise system creating income and jobs, so how – and why – would you expect them to create policies that would help entrepreneurs and small-business owners move the economy forward. They may be smart, they may be great at writing papers and drawing charts with arrows and symbols, but they are fairly low on wisdom. Wisdom comes from suffering experiences in life – not just living arcane social and economic theories.