Thu 26 Nov 2009
Obama Administration – lacking business experience?
Posted by Prieur du Plessis under Investment, Obama
1 Comment
The post below is a guest contribution by friend Paul Kedrosky, writer of the Infectious Greed blog.
“Does the Obama Administration have less business experience? According to some semi-whimsical (I think) research in a new JP Morgan report that would seem to be the case. The author looked at private sector experience of 432 Cabinet secretaries whose activities touch most on the private sector across all presidential administrations since 1900. Here is the result.
“There are obviously many, many issues here, not least of which is that the author isn’t entirely clear on what the y-axis percentage means, how different kinds of experience are weighted, etc. Nevertheless, it’s still thought-provoking.”
Source: Paul Kedrosky, Infectious Greed, November 24, 2009.
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November 27th, 2009 at 4:35 am
After looking at the source, it appears 3 of 4 lawyers in the obama adminstration, or 11 of 12 non-lawyers, has no business experience. No wonder they hate business and have no clue regarding how to stimulate the economy. They are all about worthless staff positions and not about decision making to make a business work and profitable.
Folks, this is eye opening, and sad. So sad.