President Trump has been frustrating everyone in the business and agriculture world with tariffs on China. He says that the tariffs are paid for by China, not American consumers. And now he wants all businesses to withdraw from manufacturing in China and bring their work back to the United States (of course this doesn’t apply to Mr. Trump’s businesses in China where he has said he can’t withdraw because it would be too expensive).
What are Mr. Trump’s credentials for being our economic czar, enacting policies that few in the business and finance worlds support. For one, he was described by his Wharton Business School professor as the “dumbest goddamn student I ever had.” Professor Kelly, who is deceased now, said that Trump came to class “thinking he already knew everything.” Fellow students said he came to group meetings unprepared and didn’t seem to care about being prepared. They also noted he often skipped class and commuted back to New York (from Pennsylvania) every weekend.
Of course, Trump had strong credentials to get into Wharton, one of the premier business schools in the country. Well, not quite. Gwenda Blair, a Trump biographer, wrote in 2001 that Trump was admitted to Wharton on a special favor from a “friendly” admissions officer. The officer had known Trump’s older brother, Freddy. Bone spurs and buddies get you out of serving your country and into prestigious colleges.
But, at least he became a successful businessman (with the $100 million dollars his father left him). Well, not quite. While Trump has not filed for bankruptcy personally, four of his businesses have filed for Chapter 11. So, business failure is part of his history.
With this past history, any large corporation would love to have him serve as CEO for their company. Perhaps only if they wanted to go out of business soon.
There you have it, America. The man running your country and economy is, shall we say, flawed. No one in their right mind would want someone like this touching any aspect of their business. And he is holding true to form, expected to run up a trillion dollar deficit in the next year. Nothing he has done has proven any of these past comments and experiences wrong.