CNBC just ran a feature entitled “Electing the CEO of America.” It’s a great illustration of the insane expectations Americans invest in what’s supposed to be a limited, constitutional office. As I write in that book,
Over the second half of the 20th century, Gallup polls showed that an average of 41 percent of Americans per year cited economic issues as the most important problems facing America. Here, as usual, the buck stopped with the president, Rossiter’s “Manager of Prosperity,” despite the fact that expecting any president to successfully “manage” a 13‐trillion dollar economy made up of some 150 million workers, each with their own plans and goals, is unrealistic, to put it mildly.
The only presidential candidate in recent years to echo William Howard Taft’s 1912 admonition that “the national government cannot create good times,” was a fictional one, Republican contender Arnold Vinick, played by Alan Alda on NBC’s “West Wing.” In November 2005, the network aired a live “debate” between Vinick and his Democratic opponent, Jimmy Smits’ Matt Santos. Asked “how many jobs will you create?” Vinick said “None.” “Entrepreneurs create jobs,” he elaborated, “Business creates jobs. The president’s job is to get out of the way.” Real‐life contenders don’t talk that way, nor do real‐life presidents. (For what it’s worth, Vinick lost.)
Though I suppose “CEO of America” is an improvement over Hillary Clinton’s phrase: “We need a president who is ready on Day 1 to be commander in chief of our economy.” As Jerry Taylor put it at the time, “we eagerly await your orders, ma’am!”