Wednesday, November 25, 2009
Here's a rather shocking graphic showing the business experience (in percentages) of all the Presidents since 1900. In a surprising turn, NO Democratic President since Harry Tuman has reached even 50%, but this President, who genuinely NEEDS some advisors with experience in private industry, not even 10% of his cabinet appointments have experience in the private sector. That's a telling result, and goes a long way to explain the mess Mr. Obama is making of things. It also explains the Keynsian approach to economics that he has adopted. It's a favorite point of argument for academics who have never actually ventured outside of a classroom and had to deal with real life issues...so, I expect Mr. Obama to to use try yet another round of deficit "stimulus" as a way of fixing the economy. It won't work any better than the last one did, but they will TRY.