Do Successful Business people make good Presidents?

WARNING****** Not health care related

Romney has continually flouted his business experience, and how this will lead him to be a better President than Obama. That got me thinking….We’ve had to have businessmen become Presidents before, right? So what’s been our track record? How have they done? Surely, they’ve been successful Presidents too, right?
Well, not so much. Businessmen make good businessmen. Historically, they have not done well as President’s. We’ve had five President’s with significant business experience that were successful since 1900. Carter, Bush I, Bush II, Harding, and Hoover. Yep…..Those five.

As is mentioned in the Bloomberg article…..CEO’s are generally surrounded with like minded goal oriented people all working together to achieve a goal or vision…..

That doesn’t exist in politics, when you have to listen to multiple opinions and take abuse that a CEO would never tolerate. The country is not a business……let’s say it again…the country is not a business.

From the first article:

None of the great or near-great presidents—Teddy Roosevelt, Franklin Roosevelt, Harry Truman, or Woodrow Wilson—was a businessman. Truman was a failed businessman (a haberdasher) before entering politics, but that hardly constitutes a ringing endorsement of Romney’s claim for private sector ascendency.

For that matter, none of the better-than-average presidents was a businessman either. In this category think of Presidents John F. Kennedy, Dwight Eisenhower, Ronald Reagan, Lyndon Johnson, and Bill Clinton.

Probably the most successful president with real business experience (and success) was George H.W. Bush. Before going into politics he founded Zapata Petroleum, which ultimately became Pennzoil. Bush 41 ended up a one-term president unable to kick-start an economy in a recession and seemingly out of touch with the problems of the common man. Sound familiar?

It gets worse from here. Jimmy Carter, another one-term president beset with economic woes, was a success in agribusiness (peanut farming) before getting into politics. He generally falls into the lower half of the historians’ rankings.

And then we get the big three—the men widely considered by historians to be the worst presidents of the modern era: Warren G. Harding, Herbert Hoover, and George W. Bush. One left the country on the verge of a depression, one left the country in a depression, and one presided over such corruption and ineptitude that despite the failings of the other two he still manages to get the lowest ranking of them all. And yet all three made millions of dollars in the private sector before entering politics. All three were successful businessmen (a newspaper publisher, a mining tycoon, and the owner of a professional baseball team). Bush 43 even went to Harvard business school, like Romney, and like Romney promised to bring business principles to the Oval Office.

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