Wednesday, October 10, 2012

Politics and the Bottom Line

Most economists avoid politics like the plague.  That’s fine, but anyone responsible for the bottom line better not.

Making satisfactory FI strategy could be accomplished without politics as part of the mix, or at least with it confined backstage, earlier years.  Not now.

In the US for example, one key is this - understanding job creation ahead. We have maintained for two years that the #1 retardant to job creation is Obama. This was not our invention; we had it from the source – CEO’s.

A very recent source is Steve Wynn, CEO of Wynn Resorts.  Wynn created 250,000 jobs in Nevada according to that state’s figures. Wynn in a recent interview, “I’m afraid of the president.  I have no idea what goofy idea, what crazy anti-business program this administration will come up with. I have no idea. And I have to tell you Jon that every business guy I know in the country is frightened of …Obama and the way he thinks.”

 This is the norm in America, not the exception. Left-leaning observers may argue with this.

Be our guest, but that won’t do much for your track record.


Robert Craven

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