A good businessman knows how to manage his or her resources to get the highest returns. Trump supporters often use the “he’s qualified because he’s a businessman” argument when defending their vote for him. But how effective is that argument?
According to a Bloomberg News poll, Mrs Clinton has a nine-point lead over the real estate developer and former casino operator. Mrs Clinton, who, to my knowledge, has never run her own law firm much less any other business, seems to be showing much better organizational skills, and having amassed a $110 million shared net worth with her husband, Bubba aka Bill Clinton, seems to be better at making money since she’s not good at making much of anything else (especially cookies while standing by her man).
Mr Trump’s fall in the polls seems to lack from a good marketing game. His brand is questionable, some would say downright deplorable, among women. The black and Latino vote is like a cruise ship that decides to bypass an unpopular port of call.
If publications in The Economist provide any worthwhile indication, it is that he rest of the globe may not be finding him in the highest regard, with the exception of far right politicians like Marine Le Pen.
And let’s not forget the analysts expectations regarding volatility in Mexico’s peso. Talk of screwing around with NAFTA would drive that currency into the pits.
What I find particularly disturbing is his disproportionate focus on labor. He continuously calls for getting American jobs back, which is what one would expect from someone courting the popular vote. He ignores capital, displaying little knowledge about capital markets or the role investment banks, private equity, or venture capital play in finding entrepreneurial opportunities that provide investors with high returns, the kind of activity that attracts domestic and foreign direct investment into our markets.
Americas deeper foray into the knowledge economy is going to call for big ideas, innovation, and capital formation. The labor that Mr Trump courts may be good for votes but not for economic growth.
Maybe Mr Trump’s bromance is more with Bernie Sanders and less with Vladimir Putin.