Yesterday, The New York Times ran a piece in the Style section about the disappearance of the political “power watch” – a watch that seemed to really suit a world leader. Dwight D. Eisenhower wore a Rolex, Franklin D. Roosevelt wore a Movado, John F. Kennedy had a Cartier and an Omega, and Lyndon B. Johnson had a collection that included a Patek Philippe, a Vulcain Cricket, a LeCoultre and a Rolex.

Such displays by an elected official in today’s America, where absolutely everything is scrutinized, would be criticized as un-American, out-of-step with the average working man or too flashy. Even if a candidate or elected official is well known to be wealthy, like Mitt Romney, George Bush or Bill Clinton, he is expected to play it down to something with which his constituents can identify, especially in times of great economic inequality.