Back in the ’80s, tele-evangelist Reverend Jim Bakker created a vast empire financed by hundreds of millions of dollars in donations sent his way by Christian fans.
Then the scandals hit his Praise The Lord (PTL) Club, ranging from wire fraud to conspiracy, only to be followed by a sex scandal involving former church secretary Jessica Hahn.
Like the walls of Jericho, the PTL empire came crashing down, but talk about a resurrection! Jim is back on the air and you won’t believe what he’s up to.
Bakker’s comeback reminds me of that famous statement by H.L. Mencken who once opined: “No one ever went broke underestimating the intelligence of the American public.”
But this isn’t an exclusively American thing, nor is it confined to the business world because it also provides an answer for those still wondering how Justin Trudeau ever got elected.