Bad Business

Alan Murray implies that, with his pick of Senator John Edwards for veep, Senator Kerry just made a powerful enemy for himself.

…party wisdom that’s been passed down by former Democratic National Committee Chairman Robert Strauss, and now resides with Democratic economic guru Robert Rubin, is that big business does matter to Democrats. To be successful, a Democratic presidential candidate doesn’t need the active support of America’s CEOs, but he does need to keep them on the sidelines. Jimmy Carter lost his bid for re-election at least in part because business was determined to dump him. Bill Clinton won election and re-election at least in part because the business community, while not strongly supportive, wasn’t threatened by him.