Bernie Marcus makes the case for Donald Trump over Hillary Clinton

marcus

Bernie Marcus

As you may have noticed, I am not exactly enamored of Donald Trump’s candidacy. I will continue to voice my reasons for that, but in the spirit of fairness I thought I would share a counterpoint from a Trump supporter who happens to be one of Atlanta’s business giants.

Writing at Real Clear Politics, Home Depot co-founder Bernie Marcus says that, despite earlier backing a vastly different candidate in Jeb Bush, he is now on board with Trump as the GOP nominee. He cites a typical reason (Supreme Court appointments) before focusing on an area he knows pretty well:

“I draw even more from lessons learned when we founded The Home Depot in 1978 rather than from the contentious GOP primary of 2016. I genuinely believe that if we to started The Home Depot today, we would fail because of the hurdles government, especially the current administration, places in front of small business owners.  I never forget The Home Depot’s small business roots — we started as a small business with four stores in Atlanta, Georgia.

“I think of the banker who nearly lost his job by taking a risk and giving us a line of credit when we started. He didn’t just look at our balance sheet; he believed in our character and determination. Government regulators don’t allow this under Dodd-Frank — a law Hillary Clinton wants to make far worse.

“And going public under Sarbanes-Oxley, a Clinton favorite? Not the company we built, nor thousands of other businesses like ours the nation will never know because they died at birth, strangled by faceless bureaucrats and politicians who erroneously believe that government ‘can do it better.’

“Yet the risks we took in the 1970s have resulted in millions of jobs — not just at The Home Depot, but at our suppliers, our vendors, and even our customers’ businesses. Investors believed in us, and the government did not stop us.

“We could not do this today, for the same reason why so many Americans have dropped out of the workforce, why their wages have been stagnant, why their health care is a mess, and why our economy has stalled. It’s Obama/Clinton-style government that’s getting in the way.

“I have never seen our government as hostile to free enterprise, especially small business, as it is today. It is driving over-regulation, over-taxation, over-litigation, and over-spending. These ‘overs’ are killing small businesses, which create the majority of new jobs in America.”

There is evidence to support this argument, and I am sympathetic to it. New-company formation between 2010 and 2014 was sharply lower — and much more geographically concentrated — than during comparable periods in the previous two decades. The rate of company “births” in recent years is lower, and the rate of company “deaths” higher, than in the previous four decades. IPOs have also been much lower since 2000, which just happened to be the end of the last economic expansion that wasn’t weighed down by Sarbanes-Oxley. These are some of the reasons growth in the economy, and in the labor market in particular, has been so lousy during the Obama years.

There is little doubt in my mind that Marcus is correct about what Clinton would do to the economy. The question remains whether Trump — who’s all over the place on such issues as taxes and the minimum wage and is apt to start a trade war (or wars) — would actually be better, or just bad in a different way.

Reader Comments 0

187 comments
Michael Sweatman
Michael Sweatman

I will never spend another penny at Home Depot . Vote with your dollars ! It's the only power you have .

lvg
lvg

I hear they are going to sell Trump University degrees at HD if Trump gets elected.

Visual_Cortex
Visual_Cortex

Obviously, Marcus is lying, and it's hardly the first time he's done this in the hopes of advancing his own filthy interests.

Just look up the nonsense he spewed when the PPACA was being debated back in the day, and that he continues to spew, about it being a "business killer."

John Jones
John Jones

Another old white man wishing for the good ole slavery days

lvg
lvg

Another  example of  how a fake hairdo can rot your brain

Elaine Mattson
Elaine Mattson

Just What. Amount of taxes due would be "equitable", OK, sorta-kinda doable for these money hoarding mega-corporations? How do they suppose their employees and the rest of us scrubs get to their places of business so we can keep them filthy rich, if not for community built/maintained roads etc? I'm feeling real empathy for you, Mr. Marcus. And your founding partner gets the Georgia taxpayers to pay for the new Falcons stadium....because the NFL is non-profit, ya know! We are the chumps, and he's the one kvetching!!

Ayrio Cronin
Ayrio Cronin

Aaaaaaaaaaand......i'll be shopping at Lowes from now on.....

Al Milo
Al Milo

I was just about to go to HD to purchase a new BBQ. Not anymore.

Aaron Rose
Aaron Rose

“I have never seen our government as hostile to free enterprise, especially small business, as it is today." I also agree.

David O Smith
David O Smith

He needs to quit worrying about the president and take care of Home Depot and get all L G appliance out of his stores,

Jessie Stroud
Jessie Stroud

I remember him telling Neal Boortz back in 2009 that he could show President Obama how to improve the economy.

Starlan Hoke
Starlan Hoke

Trump is a hustler go ATLANTIC City that casino was pissy smelling I spent a dime in here they close it down the HOUSE ALWAY WIN YOU COULD NOT KEEP IT OPEN I KNEW PEOPLE THAT LIVE THERE HOME DEPOT YOU ARE NUT

George Williams
George Williams

If you were an American slave, you would have found access to free enterprise impossible. That would be more hostile than it is now or ever since.

omark
omark

U.S. banks have failed 16 times since 1790. By contrast, Canadian banks have never failed. Common sense regulations actually work. For the record, New Zealand, and Australia also have very stable banking systems. Banks can be controlled. It’s not a natural function of capitalism to drive the economy into the ditch every 15 years.

Bernie Marcus is a gifted business man. He’s also a billionaire cry baby. It’s been 8 years since the tax payers rescued the banks. They’re bigger and richer than ever. Just a little blip on the radar for them. It’s only the chumps that lost their jobs, and homes that are still hurting. Bernie you’re retired now. You have spare time on your hands. Do a little research into Trump University. Is this really a man you consider worthy of the Presidency? 

Lil_Barry_Bailout
Lil_Barry_Bailout

Bernie didn't claim Trump would be a great president. Just better than Obozo/Hillary.

xxxzzz
xxxzzz

@omark When you come up with something like 16 banks failed, you just don't have any credibility at all.  I'd be surprised if 16 banks haven't failed in Georgia alone since 2008.  And it only took me 10 seconds to come up with an FDIC list that showed far more than 16 nationally just since 2014.

Lil_Barry_Bailout
Lil_Barry_Bailout

Trump's an idiot.

Explaining Kyle's post to another reader isn't worship.

You went to public schools, didn't you?

lvg
lvg

@Lil_Barry_Bailout Two competent and experienced ex GOP governors running on Libertarian ticket and people like Bernie, Lil Barry, Limbaugh, Hannity and Gingrich worship and praise the fraudster meglomaniac who has no experience in governing -just cheating and bullying. No wonder Kim Jung IL  loves Trump

RonMexico
RonMexico

@Lil_Barry_Bailout @lvg So you're basically acknowledging that it's party over country for the GOP. They know for the most part that Trump is a proudly ignorant moron with emotional problems, but since he's got the (R) next to his name, he's just peachy, despite the obvious dangers he poses to the entire world. What a load of absolute treasonous garbage. 

Livelife Luvlife
Livelife Luvlife

\U0001f44a\U0001f44a\U0001f44a\U0001f44a\U0001f44a\U0001f44a\U0001f44a\U0001f44a shut the f**** up

Rannie Hammond
Rannie Hammond

These greedy evil republicans stick together. They will reap what they sow

Mattlock Dubay
Mattlock Dubay

trump is george wallace or lester maddox send trump back to jerry springer show and his voters back to the trailer park park watching wrestlemania please fight back againt trump hate speech the jews in germany didnt we know how that turned out Heil Trumpler https://youtu.be/yl0vr8mQ5OE

Kerry Hill
Kerry Hill

Why do they continue to make record profits in this so called hostile environment

Terry Sadler
Terry Sadler

He's big bucks..of course he will back Donald Duck.

JK1957
JK1957

Bernie speaks in generalities and never once cites a specific regulation. Sarbanes-Oxley was not enacted to over regulate small business. The regulations that have been enacted are as a result of BIG business pooping in the water hole. Don't even talk about the costs of healthcare...business should not be in the role of even providing healthcare. It should be single payer and provided universally to every single US citizen.


Lil_Barry_Bailout
Lil_Barry_Bailout

@JK1957

Wrong.  He mentioned two just in the part Kyle included above, and you cited one of them.

Duh.

As for universal health care, how much did you donate to charity last year to make that dream a reality?  Didn't think so.

JEason
JEason

Of course the super rich are concerned about what a Democratic administration could do.  The Supreme Court, with a populist appointee, might well reverse Citizens United, the worst decision the Court has made in modern times.  Laws might be passed against off-shore tax shelters, and the tax code might be purged of the myriad special loopholes that allow them to pay less than the rest of us.  

Allen Gregory
Allen Gregory

Stick to your fish tank Bernie. Most Americans could care less about the political opinions of a billionaire who doesn't have to worry about paying his bills.

BetterDog
BetterDog

If you disagree with Mr. Marcus you are an idiot and deserve to be held back in your life.  All you Govt. employees and Teachers on these comments are about to lose your gravy train.  This man has spent millions to make Atlanta a better place.  He is a genius and a very good man.  The Clintons are about to be flushed down a Home Depot toilet.  That will be a great day for this country.  Go Bernie.  Vote Trump!

RationalThoughts67
RationalThoughts67

@BetterDog If you disagree with me, you are an idiot?  What Nazi manifesto did you get this out of?  Narrow minds of little people.


Bernie is off-base here.   Does he think that the home improvement industry never would have developed if it weren't for him?  Surely, some other person would have thought of creating a "big hardware store".

JEason
JEason

@BetterDog B. Dog, you think like a temporarily embarrassed millionaire, a product of too many hours tuned in to talk radio.  Cox Media must be proud of the job they have done on your nasty little brain. 

JDinMarietta
JDinMarietta

@RationalThoughts67 @BetterDog No, what he is saying is in this current environment HD would have never thrived much less taken off given the govt shackles placed on small businesses. How many businesses have you run?