Business Leaders Struggle to Explain Trump
It’s been about a year since Donald Trump announced his bid for the Presidency. At that time, people believed it more of a hoax than reality, but a year later and he’s got the backing as the Republican Party’s candidate. While here in the States, both parties have their candidates, and each has strong supporters, the rest of the world struggles to understand why Trump is part of the equation, and how he’ll fit if he wins.
According to a recent Bloomberg interview, many American CEO’s traveling abroad are bombarded with questions from their foreign counterparts about The Donald. Interestingly, the questions aren’t about Trump’s policy in the CEO’s fields of expertise. For instance, energy or financial experts aren’t being asked about what they think Trump will do in office about energy or finances. Instead, worldwide, the question seems to be … “How did Donald Trump become a serious contender for the U.S. presidency?”
Those CEO’s are fielding the questions carefully. Trump has rallied a near army of low-income voters who are tired of being left behind without a voice. The trust-fund Trump with his many multi-million dollar companies and investments has somehow become the voice for the common man. In doing so, some see him as flip-flopping on issues to retain that support – but if being true to a view is now a requirement of American politics, we’re probably going to have to throw out the washing water and the baby for that result.
Even less surprising, the number of CEOs and other leaders unwilling to be identified when they speak out. No need to put business at risk when it comes to customers and who they might support in the race – and no need to risk a flash-frying in the press if one of the candidates finds out you’ve spoken against them.
Many market analysts agree that interest rates should rise soon, because of the upcoming election, it is unlikely that anything will happen along those lines until at least December. And where the Fed is holding back from making any financial decisions, foreign markets also sit rather quietly waiting to see which way things pan out before making any major decisions.
But, even for the common man in the U.S., too many are asking their own version of the question seen as a Facebook meme … “OK, it’s not funny anymore. Where are the real presidential candidates?”