Still catching up from the holidays…
Nick Schulz at the American Enterprise Institute’s blog presents this graph:
I don’t think it will shock anyone that the top people in Democratic administrations tend to have less private-sector experience than their GOP counterparts. Yet the previous low-water mark for private-sector experience since 1900, the JFK administration, was still three times higher than the Obama Cabinet’s level.
Here’s what makes this background information about the Obama team even more interesting:
As Schulz notes, “public sector employment has ranged since the 1950s at between 15 percent and 19 percent of the population,” yet the Obama Cabinet got more than 90 percent of its prior experience in this relatively thin slice of America. So, the current Cabinet largely lacks a practical understanding of the country and companies which it now regulates — understanding that might come in handy now that our government is more enmeshed than ever with banks and auto