Tuesday, September 16, 2008

CEOs v. Sole Proprietors

By and large, Republicans manage the economy like corporate CEOs. They are only concerned about the next quarter's earnings statement, because their bonuses (re-election and high-paying lobbyist jobs) depend upon it. They are willing to raid the pension fund and delay infrastructure improvements in order to maximize short-term profits.

Democrats tend to manage the economy like sole proprietors. They take a longer-term view, because they see the company as their only retirement nest egg. They maintain the physical plant and keep their current salary low in order to re-invest it for the future. The problem is that many of them are not very good businesspeople. They will hire their nephew because he needs a job, even if he's crappy at it. They will keep buying from the same supplier, even when it becomes unprofitable.

I shudder whenever I hear someone say that government should be run like a business.

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