The Biz Bucks Blog provides former Biz Bucks students and other busy professionals with a summary and commentary of seminal articles from the opinion pages of the Wall Street Journal. You can be notified of a new posting by subscribing to the blog (enter email in box on right) or by following on Twitter: @BizBucksGuy.
Dancing With the Federal Bear April 20, 2016 8:00 AM
WSJ 15 April 2016, Page A9, “Bernie’s Spinal Surgery on CEOs” by Kimberley A. Strassel
The Biz Bucks Guy has used a metaphor over the years that says, “When you dance with a bear, you better be willing to dance, just as long as the bear wants to dance…and, by the way, at the end of the music, the bear eats you anyway!”
This applies to many CEOs in American business. Many of them have supported leftist ideologies, joining our leftist, anti-capitalist administration and politicians who regularly try to teach America that business is bad and government is the solution to protect us from the bad business people.
Kim Strassel’s piece (referenced above) calls out these CEOs, and rightfully so. Strassel points out how many large companies joined the green leftist radicals on supporting the unpassable cap-and-trade legislation, hoping to get personal handouts to ensure they profit from it. Other companies “folded like an accordion” on EPA’s diktat on climate change. Many healthcare companies got in lockstep on Obamacare hoping to curry favor from the administration. Other companies enjoy the advantage of being bankrolled by the Import-Export Bank. Internet companies folded on Net Neutrality, giving the feds unprecedented control over the internet.
Where is the CEO who tells us the equal-pay debate is a socialist ruse? When will spineless CEOs stand up against Obama’s mindless energy policies?
Strassel shouts hosanna that a few CEOs are beginning to speak out, naming McAdam of Verison, Immelt of GE, and execs at Exxon.
May more CEOs realize that dancing with the federal bear only makes the CEO the bear’s breakfast when the music stops.
[Although opinion is included, The Biz Bucks Blog is primarily written to former students of Biz Bucks training courses to encourage their daily reading of the three opinion pages of the WSJ. This refreshes principles of Biz Bucks courses and improves business acumen on topics not discussed in Biz Bucks training.]
Posted in Capitalism | 0 Replies
To receive email updates when a new post is made, please enter your email address in the box below and click Subscribe.
Use these key words to search past blogs:
1994 97% Alesina Recession Alinsky Allesina austerity Baloney BAT Binz bird kills Bogle Border Adjustment Tax Brulle Bryce capitalism carbon Carbon Dioxide CBO CFTC chains China Churchill Climate Climate Change Clinton Comparative Advantage Crichton Cronyism Cummins Curry Darwin Death panel demographics population economics Denier derivatives Dodd-Frank Drug dynamic Dynamic Scoring education electric car Energy Energy Policy Enron Debt Entitlements Eugenics Fat Fry Flat Earthers fracking free markets free trade Free Trade E-Verify Free Trade Zoellick Freedom Heritage Foundation Friedman gas lines Gas Prices glaciers Global Warming Global Warming Sustainability global warming subsidies IMF Globalization Trade God Google Gore Green Blob Grifo Groupthink Growth Hannity Hayek Hostess Hybrid Immigration Imports index funds Indexing Intellectual Denial investing investment IPCC JFK Joint Tax Kennedy Kerry Keynes Keynesian Keynesian Tax Cuts King Barak Bird Kills Koch Koonin Laffer Lamar Smith Lomborg macroeconomics macroeconomics;static; dynamic MACT Makiel markets Marxist medical care minimum wage Mitchell Model T Moore Morgenthau Navarro Neumark NOAA NY Times Obamacare ObamaCare Rove Health Insurance O'Reilly participation rate Patrick Moore peer review Peer Review EPA Piketty Pipelines plywood Presidential authority Price Controls Pruitt Racial divide Rare Earth Reagan Recession REE Renewable Portfolio Standards Renewables Ricardo Ridley robotics RPS Ryan Schlaff Science science integrity scoring Settled Science Shaffer shortages socialism socialized medicine Solar Panels Solvaldi Sovaldi static steel STEM Stephens Steyer stimulus subsidy sugar Supreme Creator tax policy Taylor territorial taxes corporate taxes Tesla Trade train wreck Trump unemployment wages Wind wind power women Zuckerman