- - Monday, October 17, 2016

ANALYSIS/OPINION:

I recently received even more confirmation about a topic on which I often speak — the idea that the lack of leadership has more than permeated corporate America, but is also driving executives of major corporations to look at their leadership responsibilities through the prism of their ideology. This has created a disregard for what is best for their stockholders and employees.

Like a misguided Wall Street, defense companies are throwing the majority of their financial support to Hillary Clinton. This is a clear case of ideology getting in the way of common-sense business practices that would be far better for their employees and their corporations.

It becomes more and more obvious that they have benefited in some way — likely the higher-ups personally — as they continue to satisfy their leftist ideologies. President Obama’s willingness to build relationships with defense contractors is a bit baffling, particularly in light of his “strength through weakness” mentality, but it certainly has something to do with his never-ending efforts to appease, befriend and support the rogue regimes of the world (my own observations).

Fox Business Network’s Charles Payne and I talked briefly a few weeks ago about companies and an economy that would benefit from a Trump infrastructure program. But one of the things we didn’t talk about was how some companies would obviously benefit from a more hawkish administration — companies like General Dynamics, Raytheon, Northrop Grumman and Boeing, just to name a few. By the way, those four companies alone employee more than 275,000 people.

Maybe they do have the best interests of their employees in mind; it’s possible it could be more profitable for them to support the military systems of other nations rather than America’s. Of course, it might be better for them to support Hillary Clinton, whose administration could be far more opportunistic in helping these companies to gain access to other governments.

After all, buying into “strength through weakness” through diplomacy, talking nice, paying for hostages and believing all will love and respect America are good for their companies. The defense sector is just one example of American corporations that seem to defy logic.

Both big Wall Street economists and Wall Street companies, with few exceptions, have been wrong for the past eight years about where things are headed. They haven’t made good calls because they are focused on their own bottom lines and their own ideologies. Wall Street seems to have no knowledge outside its own bubble.

A history of socialist governments, big government, increasing regulatory burdens, increasing taxes, more social controls, and the continuation of the demonization of profits all seem to cloud the ability to see the perils of such governments to the private sector and their way of life. It would seem they know nothing about the economics of Main Street. And the idea that Wall Street is coming alongside the socialist who wants to make sure they drive home a socialist economic agenda, as well as the continued decimation of the middle class and private sector, is beyond belief.

They, like the major health insurance companies, will be sitting around one day trying to figure out what happened. The majority of these companies didn’t get to where they are today from an inability to choose the right horse to win the race. Today’s leadership is incapable of seeing anything outside the ideology they embrace — an ideology that is wrapped up in the propaganda of politicians and bureaucrats.

Dan Celia is president and CEO of Financial Issues Stewardship Ministries, Inc., and host of the nationally syndicated radio and television program “Financial Issues.”

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