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Has Bernie Marcus been reading AVFTA?

Hat tip:  Bernie Marcus is a “household” name because he’s the chief executive of The Home Depot.  Here’s a quote from his interview with Investor’s Business Daily.

Obama…  never really worked a day outside the political or legal area. He doesn’t know how to make a payroll, he doesn’t understand the problems businesses face.  As Washington piles on regulations and mandates, the impact is tremendous. I don‘t think he’s a bad guy. I just think he has no knowledge of this.  (emphasis added)

I’ve been saying this of our woefully ignorant Ivy league ruling class for a long time.  To speak in generalities, they are a class groomed to rule.  Problem is, they’re not just ruling over a few servants and a castle.  They’re trying to control the activities of over 300 million people and determine what they can or can’t do to make a living.

When all the living you’ve ever known comes from government and taxation, pretty soon the knowledge base that underlies a production economy is a Rumsfeldian unknown-unknown.  As Mr. Marcus said, they just have no knowledge of this.

A related problem is that of distinguishing between intellect and wisdom.  No doubt many of our Ivy league overlords are supernaturally intelligent people.  Problem is, they have no understanding of the energy business, though they think they do because they scored 155 on the Mensa exam.  They have no understanding of the lawn care businessman who is right outside my window cutting the neighbor’s grass.  They don’t even understand the girls in Georgia trying to run a lemonade stand.

But they think they do.  And that, friends, is at the root of the problem.

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