Wednesday, August 20, 2014
PLACERVILLE, CALIFORNIA
99 CENTS

Put a businessman in the White House?

By
From page A6 | March 30, 2012 |

EDITOR: There seems to be significant support for electing a businessman for president. I don’t see any magic there. The decisions one must make in the business world are not the same as those at the hub of a republic or on the international stage. Cutting the workforce at a company or corporation may turn a quick profit and increase stock value in the short run. This strategy cuts the overhead dramatically. I’m someone’s overhead, so I can relate. It can make room to hire the new employees at lower pay or on temporary basis when the workforce needs to expand in the event of future demand for the product. Little people like me benefit if our 401K goes up. The challenge is to keep it up. Some executives are crooks. That is by no means restricted to private enterprise as we are reminded daily. Unlike Enron and Sunbeam, most politicians cannot precipitously take down the whole government; thank heavens. Even the government is not too big to fail. We need transparency and citizen vigilance to avoid that. There is no rule that says private business must be transparent. Trade secrets are often crucial for company success. Apple is one good example.

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