Ruminations on the electronics industry from David Manners, Senior Components Editor on Electronics Weekly.
Fable: The Great Man Who Benefited His Successor
There was once a great man. Trained as a mining engineer he was a millionaire before he was 40 and then, without having held any elective office, ran for the Presidency of the USA. And won.
However the USA fell on hard economic times during his presidency to which he responded with some ambitious public works projects and a sharp rise in taxes on the rich.
These initiatives did nor bear fruit in his tenure as President but they helped get the US economy back on track under his successor.
Moral: Great deeds do not always reward their do-er.Tags: elective office, initiatives, millionaire, mining engineer, tenure