According to Will Rogers this is the before-election promise season. After the election it will be the alibi season, where the winners explain why they can’t keep their promises. (Hint, it’s the other guys’ fault.)
Peggy Noonan, who was a speech writer and Special Assistant to President Reagan, says politicians are bound to disappoint. They can’t help it. It’s just the way they are.
Even with my cynical view of politics, I was still surprised by Stanley Bing’s column in this month’s Fortune Magazine. Stanley Bing is his pen name. He’s also a business executive and mostly his end-page columns are humorous. Not this month. It’s entitled “Recovery Blues” and after Bing bemoans the current state of the economy he writes
And then there’s the entire political situation, whatever that is. The way I look at it, there are two possibilities. The Republicans could take over in November, leading to tax legislation that would favor those who have money over those who don’t and a host of regressive measures that would be good for business. Or the President could triumph, leading to four more years of an obstructionist Congress that would block any attempts at sensible regulation and economic reform, which will be good for business.
So why do I feel as if I may have left the stove on and I’m miles from home?
Whether or not Bing is correct, I was surprised to read that in pro-business Fortune. What do you think? Do you think Bing is unduly pessimistic?