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CNBC's Ron Insana: 'Trump's Vision for the Nation Is Backward Looking'

CNBC's Ron Insana: 'Trump's Vision for the Nation Is Backward Looking'

By    |   Thursday, 05 May 2016 06:12 AM


Ron Insana, a CNBC and MSNBC contributor, says Republican presidential hopeful Donald Trump’s battle cry of “Make America Great Again” is all wrong.

“Now that Trump is the likely nominee, he needs to change his message to unify the party – and the nation. Trump's vision for the nation is backward looking,” Insana, the author of four books on Wall Street, wrote on CNBC.com.

"’Make America Great Again’ is a slogan that appeals to a dying generation whose own mortality is somehow equated with that of the nation,” Insana wrote.

“America is not dying. In fact, among the world's greatest powers, or even among those powers that are considered an emerging threat, the U.S. remains their most potent rival,” Insana wrote.

“Bringing back the America our fathers and mother knew is not a recipe for greatness. It is a recipe for disaster and a hastening of its decline. Our next leader needs to boldly face forward and drive the nation toward an exciting future, not re-live the glories of a now ancient past,” Insana wrote.

Meanwhile, Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc. said a Trump presidency wouldn’t be the blow to U.S. business that some fear, Bloomberg reported.

“If either Donald Trump or Hillary Clinton becomes president, and one of them is very likely to be, I think Berkshire will continue to do fine,” Buffett, 85, said at the company’s annual shareholders meeting Saturday in Omaha, Nebraska.

The outcome of November’s presidential election is unlikely to change the fact that the U.S. is a “remarkably attractive place in which to conduct a business,” said Buffett, who endorsed Democrat Clinton at an Omaha rally in December. U.S. companies have enjoyed “terrific” returns on equity despite a sustained period of ultra-low interest rates, he added.

Trump and Clinton are their parties’ respective front-runners in a campaign that has exposed discontent with Washington insiders, anger over global trade deals, frustration with Wall Street and furor over the growing gap between rich and poor. At the same time, each candidate’s unfavorable rating exceeds 50 percent, a historically high figure at this late stage in the primary season.

Buffett, who has criticized Trump in the past and scorned politicians’ pessimism about the country, looked past the current voter angst for a longer view of U.S. economic prospects.

(Newsmax wire services contributed to this report).

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Ron Insana, a CNBC and MSNBC contributor, says Republican presidential hopeful Donald Trump's battle cry of "Make America Great Again" is all wrong.
donald trump, ron insana, america, president
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2016-12-05
Thursday, 05 May 2016 06:12 AM
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