One of the curious things about business people turned political candidates is how much they retain the language of commerce, yet shuck its practice.\u00a0 The best example is of self-funded multi-millionaires (or billionaires) spending gobs of their own money at an unsustainable clip while excoriating career politicians for being fiscally irresponsible.\u00a0 Although you can\u2019t run a government exactly like a business, the notion that spending should match revenue is perhaps the one financial concept that applies to any endeavor not operating on the barter system.<\/p>\n
All of which makes a Republican candidacy like Meg Whitman\u2019s for California governor so paradoxical.\u00a0 Like her political mentor, Mitt Romney, Whitman is loaning her campaign tens of millions of dollars from her personal wealth to fund her run.\u00a0 The money is going to support a top-notch staff, endless media buys in California, and a slick website<\/a>.\u00a0 It is not, apparently, attracting an equal amount of financial contributions from people with a different bank account.\u00a0 So, in order to make it to the June primary, Whitman will have to cut herself another check<\/a>.<\/p>\n That approach won\u2019t fly as governor.\u00a0 One of the chief criticisms of Whitman\u2019s campaign narrative is that she can\u2019t fire underperforming bureaucrats and politicians in Sacramento the way she did as CEO of Ebay.\u00a0 Now, it looks like her candidacy can\u2019t muster enough popular support to prop up her big spending ways.\u00a0 Californians already have a political class accustomed to spending money without regard to sustainability.\u00a0 It is a lesson with consequences they don\u2019t need to learn from a governmental rookie.<\/p>\n","protected":false},"excerpt":{"rendered":" One of the curious things about business people turned political candidates is how much they retain the language of commerce, yet shuck its practice.\u00a0 The best example is of self-funded multi-millionaires (or billionaires) spending gobs of their own money at an unsustainable clip while excoriating career politicians for being fiscally irresponsible.\u00a0 Although you can\u2019t run […]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[299,1060,1059,160],"class_list":["post-4592","post","type-post","status-publish","format-standard","hentry","category-posts","tag-california","tag-governor","tag-meg-whitman","tag-mitt-romney"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/4592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=4592"}],"version-history":[{"count":7,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/4592\/revisions"}],"predecessor-version":[{"id":4598,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/4592\/revisions\/4598"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=4592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=4592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=4592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}