Sunday, August 19, 2012

Does Obama Realize Government Is Not A Business?

Published in The Tennessean, Sunday, August 19, 2012 and Forbes with archives

by Richard J. Grant

President Barack Obama is apparently something of a contrarian investor: He likes to invest against the market consensus.

Unfortunately for us, however, he tends to bring a somewhat regal attitude to his work and, when “investing” our money, has exhibited a reverse Midas touch. In this, he has already distinguished himself from his chief rival for the presidency, Gov. Mitt Romney.

Perhaps it is not a fair comparison. Government is not a business and cannot be run as if it were. But what the president needs to ...keep reading


Richard J. Grant is a Professor of Finance and Economics at Lipscomb University and a Senior Fellow at the Beacon Center of Tennessee. His column appears on Sundays. E-mail messages received at: rjg@richardjgrant.com



Copyright © Richard J Grant 2012