People With Private Sector Experience Need Not Apply
What do they know about job creation anyway?
A friend sends along the following chart from a J.P. Morgan research report. It examines the prior private sector experience of the cabinet officials since 1900 that one might expect a president to turn to in seeking advice about helping the economy. It includes secretaries of State, Commerce, Treasury, Agriculture, Interior, Labor, Transportation, Energy, and Housing & Urban Development, and excludes Postmaster General, Navy, War, Health, Education & Welfare, Veterans Affairs, and Homeland Security—432 cabinet members in all.
Obama has a new and better way of creating jobs, one that doesn’t involve employers. It will resemble a Ponzi scheme. We, the public, pay more and more taxes to create more and more government jobs. This will work perfectly until there is no one left to pay taxes, no one with a private sector job. It reminds me of the famous scene from Catch-22 when the nurse kept changing the bag from collecting urine to feeding. When the urine filled up, she ran it through the veins. The circle of life.
- Aggie
Bloodthirsty Liberal said,
December 7, 2009 @ 8:09 am
Aggie,
I must admit I let out a huge involuntary “Ha!” when I saw this chart. It’s a wonderful visual joke: even though the punch line was expected, it had its intended effect.
I should note that the two previous lowest administrations, Carter’s and Kennedy’s, were not exactly huge successes, either. The “Best and the Brightest” were mostly academics, weren’t they? And Clinton didn’t do a whole heck of a lot better.
BTL