Commentary Magazine


Contentions

Business Execs vs. Professional Pols

Linda McMahon has steadily narrowed the gap between herself and state attorney general and faux Vietnam vet Richard Blumenthal. She has run a disciplined campaign and focused voters on job creation. Her message is simple: she knows how to create jobs (600 in the state of Connecticut alone) and Blumenthal never has. The Wall Street Journal editors have some fun with Blumenthal’s response:

The polls say job creation is the number one campaign issue, so the prize for proposal of the year goes to Connecticut Attorney General and Senate candidate Richard Blumenthal. Asked in a debate to justify the hundreds of lawsuits he’s filed against companies—employers—in his state, the Democrat replied: “Our lawsuits, our legal actions, actually create jobs.”

We’ve heard of those who believe we can spend our way to prosperity, and others want to inflate our way. But the shovel-ready lawsuit as an economic stimulus is a genuine novelty. …

There’s the case of toolmaker Stanley Works, which Mr. Blumenthal sued in 2002 to block it from relocating to Bermuda to save $30 million in corporate income taxes. A year later a less competitive Stanley laid off 1,000 workers. His 2003 suit against small business-owner Gina Malapanis inspired a counter-suit, and a jury awarded her $18 million from the state.

There is a theme here, of course. Obama fessed up that he didn’t realize when he spent more than $800B of the taxpayers’ money that there are no shovel-ready jobs. It seems he doesn’t understand how job creation works either.

Like Blumenthal and Obama, Democrats Barbara Boxer, Jerry Brown, and Russ Feingold are professional politicians with no experience managing a business, making payroll, or creating wealth and jobs. Faced with business executives like Carly Fiorina, Meg Whitman, and Ron Johnson, the professional politicians are somewhat flummoxed. Run government more like a business? Lower costs of labor? Reduce corporate taxes to encourage domestic investment? Return to 2008 spending levels? Wow. The pols hardly know what to say; so instead, they run negative, ad hominem campaigns.

The voters are not thrilled with professional politicians these days, in no small part because they seem so clueless when it comes to the economy. That leaves an opening for candidates who know something about the private sector and understand that the demonization of business is among the least-helpful things the president and Democratic Congress have done.