Juan Cole (Professor of History at the University of Michigan) has the CEO test for Bush.
“Let us imagine you had a corporation with annual gross revenues of about $2 trillion. And let’s say that in 2000, it had profits of $150 billion. So you bring in a new CEO, and within four years, the profit falls to zero and then the company goes into the red to the tune of over $400 billion per year. You’re on the Board of Directors and the CEO’s term is up for renewal. Do you vote to keep him in? That’s what Bush did to the US government. He took it from surpluses to deep in the red. We are all paying interest on the unprecedented $400 billion per year in deficits (a deficit is just a loan), and our grandchildren will be paying the interest in all likelihood.”
Well written. If only we had empowered and well-informed shareholders in place.