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Which way is the wind blowing?

by Philip F. Jacobus, CEO | March 14, 2018
Several of my friends have pointed out that the stock market is doing well, and that their investment portfolios and retirement accounts are benefiting as a result.

Despite all of his bravado and narcissism, President Trump seems to have had a positive impact on the economy.

I am not sure that the new tax law will benefit the middle classes and the class of people that are just getting by, and I suspect that there will probably be some modifications in the years to come.

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However, obviously, not everyone is happy with President Trump. I am sure you were watching the election results in Western Pennsylvania that ended up in what seems to be almost a 50/50 split. If this Western Pennsylvania district is any indication of the rest of the country, there are a lot of people who are just no longer happy with President Trump, regardless of party affiliation.

I listened to President Trump's speech in Pennsylvania. He spent a few minutes talking about the candidate he was supporting and most of the time, spoke about himself. He made me think of something my mother told me when I was a kid; pride goeth before the fall.

I remember in college studying about Icarus, and the definition of hubris.

Icarus had so much self confidence and considered himself to be so god-like, that he had wings fashioned out of wax. But the closer he flew to the sun, the wings melted and he fell to his death.

Our President has so much confidence and believes that he can do everything himself. But look at all of the people who came and went: Rex Tillerson, Secretary of State and formerly a CEO of Exxon, John McEntee was escorted out of the White House because he couldn't pass the security clearance, Gary Cohen, Hope Hicks, Rob Porter, Dina Powell, Tom Price, Omarosa Manigault-Newman, Stephen Bannon, Sebastian Gorka, Reince Priebus, and who could forget--Anthony Scaramucci, James Comey, Mike Flynn, Sally Yates, Mike Dubke, New York's own Preet Bharara, the Surgeon General, and many, many more.

You have to wonder, what does the future hold?

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About Phil Jacobus

Phil Jacobus has been involved in health care since 1977, when he visited China to sell equipment. He has done business in 35 countries and still travels extensively. Phil is active in charity, helps rural clinics and always tries to help DOTmed users when he can.

Phil is a member of AHRA, HFMA, AAMI and the Cryogenic Society of America. He has contributed to a number of magazines and journals and has addressed trade groups.

Phil's proudest achievement is that he has been happily married to his wife Barbara since 1989, who helped him found DOTmed in 1998.

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Ted Huss

Which way is the Wind Blowing?

March 15, 2018 09:29

Re: Hubris.

Hello, Phil. While I think Trump has many flaws, Obama set records, made note of by media that was most often favorable, for the use of the "I" word in his speeches. Not even Trump can catch up with him. Media reports 91% negative on Trump, according to media minders who keep track of such stuff...but you don't need a study to see it. Of course, imo, he does bring a lot on himself. Polite society (which is a facade, imo)and the political class are not use to business CEO expectations and execution of policy. Not much seems to help the middle and "getting by" classes whether the trickle down is from government, or the private sector, does it? Which way is the wind blowing? I don't know, but I do note that hurricanes often change their storm tracks with little notice and why, no one knows for sure until maybe after.
Best regards,........Ted

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