One-on-One with Diane Macedo…
Checkmate in the Game of Government
By: Todd M. Schoenberger, Managing Director & Market Commentator at LandColt Trading, LLC
When the President of the United States stood in front of a sea of microphones and cameras in the White House press room last week to declare economic Armageddon if the government were to shut-down, do you think he considered what the ramifications would be if a deal did get ironed out before Friday’s midnight deadline?
Evidently, the answer is no; and his reaction to Congress’ agreement to terms in the 11th hour further validates why this President lacks business acumen and fundamental leadership skills.
The top business minds in the world, including quality MBA programs, will always recommend using strategies similar to a game of chess when speaking (publicly) and handling crisis situations. The President must have passed on these classes in lieu of a teleprompter reading course because his next move could be the tipping point and make his prognostications come true.
With only 16 months remaining until the Democratic Convention (yes, folks, we’re in full campaign mode these days), the President is going to get serious about reducing the deficit. I suppose the $39 billion in cuts agreed to on Friday night must have …
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