Bookmark and Share Business News in the South from The Randle Report

 

Sign up for Randle Report Daily Emails for all The South's Business and Political News Follow Randle Report on Facebook for Business News in the South Follow Randle Report on Twitter for all The South's Business and Political News

 

 
Hagler-Hearns Revisited? 
 
By Dan Juneau
 
I will never forget "The War" between boxers "Marvelous" Marvin Hagler and Thomas "Hit Man" Hearns fought on April 15, 1985. I watched it at a closed-circuit big screen TV location. A state legislator from the Bayou Lafourche region was sitting in front of me. Right before the bell rang for Round One, he turned to me and asked if I wanted to put $50 on the fight but told me I would have to take Hagler.
 
 


I winked at him and said: "You're on!"
 
The bell rang and Hearns unleashed holy hell on Hagler. He threw the kitchen sink at him and opened a vicious cut on Hagler’s forehead that rained blood down his face. The two gladiators abandoned any pretense of "boxing" and stood in the ring unleashing devastating blows on each other. Hagler was rocked by the "Hit Man's" solid shots to his head and body until the bell rang to end what many have called the greatest single round of boxing ever. While Hearns retreated in near exhaustion to his corner, Marvin Hagler—covered with blood—stood in the center of the ring and glared at him until Hearns slumped to his stool.
 
Amidst the wild cheers from the crowd, I noticed the left hand of the legislator from Lafourche extended blindly toward me. Between two of his fingers was a $50 dollar bill. He knew—and Hearns knew—the fight was over. Four and a half minutes later, referee Richard Steele stepped in to end the carnage and stop "The War."
 
Presidential elections are not unlike prize fights. The current one is certainly shaping up that way. Throughout May and June, Barack Obama unleashed holy hell on Mitt Romney. His campaign spent tens of millions of dollars in media markets in the battleground states to slam Romney as an outsourcer of jobs in his Bain Capital days and an upper crust "one-percenter" with nothing in common with working Americans. Romney took the hits and didn't counterpunch, much to the chagrin of many GOP apparatchiks. Instead, he amassed an amazing fundraising advantage over Obama and the Democrats during that time period and saved the money while Obama blew through a huge pile of cash on his attacks. As the Fourth of July holiday ended and the polls had hardly moved to the president's advantage, he looked uncannily like Tommy Hearns heading for his corner at the end of Round One.
 
This fight has many rounds to go and Barack Obama has many advantages as it moves forward. The odds of defeating an incumbent president are slim. Obama has an unparalleled "bully pulpit" to access media and shape messages that challengers can't dream of matching. He has Air Force One and the presidential seal accompanying him wherever he campaigns to remind everyone to think twice before forcing a change in power in troubling times. But a president also has to accept the fact that domestic and international events can land with a thud at the door of the Oval Office in ways that damage the incumbent and not the challenger.
 
Less than four months from the election, President Obama has the smallest of leads in the polls. His numbers are between 45 percent and 47 percent nationally and in most of the battleground states as well. He appears to have hit a ceiling at those levels and, if he can't break through above the 50 percent mark, he is very likely to lose the election. The U.S. Supreme Court just handed him a huge victory by upholding the Affordable Care Act—yet he rarely campaigns on that issue, knowing how unpopular it remains with a majority of Americans. If Obama tends to hide from his major achievement on the campaign trail and doesn't want to defend the souring economy, he is left trying to win the election on a "class warfare" agenda that tends to let Romney back into the match. The difference at this point is that Romney hasn't thrown his roundhouse punches yet. He should have a lot more to say about the economy, debt and deficits, a lousy Obama energy policy, dismal unemployment and under-employment figures, and regulatory burdens that are stifling business investments and job creation.
 
To counter that, Obama has his yet-to-air commercials showing Romney in a limo with a bottle of Grey Poupon. While it may ring true with some, it won't likely match the tremendous shots that "Marvelous" Marvin Hagler unleashed to let Thomas "Hit Man" Hearns know that being bloodied isn't the same as being beaten.
 
Dan Juneau is the President of the Louisiana Association of Business & Industry. You can visit Dan's Web site at www.labi.org and contact him at danj@labi.org.
 



No Comments
Add Comment

(required)

(required)

CAPTCHA image
Enter the code shown above in the box below
  Post Comment
 

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Urban areas have all kinds of assets that are easy to spot. They have the population, so the labor shed is not usually an issue. Urban areas are also connected by better roads, rail and air service and many have river and deep water ports. Usually Internet access and other forms of communication are more efficient in urban areas. And you have a larger array of quality of life options to choose from, such as the cultural assets found in metropolitan areas.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
The belief that "80 percent of all new jobs come from existing business and industry" is an out-of-date, old-fashioned fabrication. I have no idea how it started, where it started, or who said it first, but there are professionals in economic development as well as leaders of government in the South who actually believe that each year, 80 percent (why 80 percent I don't know, either) of all new jobs are created by existing business and industry. I hear it all the time and I just roll my eyes. There is nothing static in economic development but this: 100 percent of all lost jobs come from existing business and industry. That, and of course 100 percent of the time site consultants never pay for a meal.
 

 Business News in the South - Randle Report

FEATURE     
According to Chinese theory, yin is a passive, negative force and yang is an active, positive force. Chinese philosophers believe that the opposing forces aren't really contradictory. Instead, they are interconnected and complimentary, interacting to create a balance in one's life. 
 
 Nashville Mayour Karl Dean
The Annie E. Casey Foundation's KIDS COUNT report was released in the summer quarter. I try to read it every time it comes out since I find it to be the best indicator of child poverty, a statistic everyone involved in economic development needs to be aware of. The Annie E. Casey Foundation is a charity that supports disadvantaged children. 
 


 

 

http://www.alliancece.com
Southern Business & Development Southern Auto Corridor Small Town South Randle Report

Copyright ©2016 Randle Report
All of the South's Business and Political News in One Place
Login