Amateur Hour: No wonder the economy is a mess

According to a study by the Employment Policies Institute …

How many members of Congress have an academic background that provided them with a basic understanding how the economy works?

The answer, it turns out, is not many.

Publicly available data  show that nearly 8 out of 10  members of Congress lack an academic background in business or economics.

  • 55.7% majored in either government-related fields or the humanities
  • 13.7% majored in a business or accounting-related field.
  • 8.4% majored in an economics-related field

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Question: Think the President took a single econ or biz course in college or grad school – except for, maybe, contract law?  I’m betting the under.  I’d still like to see his transcripts to peek at his GPA (UG lower than W’s?) and to see if he took any econ-biz courses.

Couple the above with the low percentage of Obama’s cabinet who had worked in the private business sector prior to their appointment to the cabinet.

Below are the percentages of cabinet members with private sector experience …

Eisenhower………..57%
Reagan……………..56%
GW Bush……………55%
Nixon…………………53%
Wilson ………………52%
GH Bush…………… 51%
F. Roosevelt……….50%
Truman………………50%

Harding………………49%
Coolidge…………… 48%
Johnson……… …….47%
Ford…………………..42%
Hoover ………………42%
Taft……………………40%

Clinton ……….. …..39%
T. Roosevelt……….38%
Carter………………..32%
Kennedy…………….30%

Obama……………… 8%

Hmmm.

Draw your own conclusion.

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