Linda McMahon Loses, Signaling a Bad Night for CEOs

In Connecticut, Linda McMahon, the former World Wrestling Entertainment honcho, has been projected to lose her bid for a U.S. Senate seat.

And if, as seems likely, both Carly Fiorina and Meg Whitman, running for Senate and governor, respectively, in California, lose as well, that would mean a sweep of the former CEOs. Regardless of ideology, this, in my opinion, is a good thing.

When it comes our structural deficit problems, it doesn't take an MBA degree to do the math. The math is self-evident. It's going to take a difficult political bargain, struck by those with some familiarity with the federal budget. The idea that practical businessmen and -women can clean out the Aegean stables of Washington is naive at best--and apparently voters think so too.

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