MichaelGowin.com/blog

From an opinion piece in today’s WSJ, Daniel Henninger writes:

Barack Obama meets with a flock of nervous bankers at the White House tomorrow to reassure them he understands their interests. Good luck. There has always been tension between the Democratic Party and the private sector. That tension is over. With its vote in the House of Representatives to punish corporate bonus payments, the national Democratic Party has disconnected itself entirely from the private sector.

…The current version of the party has largely broken free of any understanding whatsoever of the private sector — how it works or what it needs to function.

…Imagine any of this generation’s Democratic establishment taking a job at Procter & Gamble in Cincinnati as a middle-manager responsible for a division of employees and its annual profit and loss. It is wholly inconceivable. Or helping an owner of an auto-parts company manage through a real crisis. They wouldn’t have a clue.

More: Democrats Bid Business Adieu

Filed under: Business by Michael