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Jobs outlook: one reason it might not get better
If the jobs outlook seems gloomy, it may be because Obama has fewer business people than any administration in the past century.
US Interior Secretary Ken Salazar (left, shown here testifying before a House panel last month with Michael Bromwich, director of the Bureau of Ocean Energy Management, Regulation and Enforcement) is one of the few officials in the administration with experience in running a private business. He was a partner in a family-run ranch and has operated radio stations and a Dairy Queen with his wife.
Jonathan Ernst/Reuters/File
And here’s an interesting item that is going around the Internet: If July has ides, this is it.
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Bill has written two New York Times best-selling books, Financial Reckoning Day and Empire of Debt. With political journalist Lila Rajiva, he wrote his third New York Times best-selling book, Mobs, Messiahs and Markets, which offers concrete advice on how to avoid the public spectacle of modern finance. Since 1999, Bill has been a daily contributor and the driving force behind The Daily Reckoning (dailyreckoning.com).
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Ever Had A Job?
A chart that showed past presidents and the percentage of each president’s cabinet appointees who had previously worked in the private sector – you know, a real life business, not a government job? Remember what that is? A private business?
- Roosevelt – 38%
- Taft – 40%
- Wilson – 52%
- Harding – 49%
- Coolidge – 48%
- Hoover – 42%
- FDR – 50%
- Truman – 50%
- Eisenhower – 57%
- Kennedy – 30%
- LBJ – 47%
- Nixon – 53%
- Ford – 42%
- Carter – 32%
- Reagan – 56%
- GHWB – 51%
- Clinton – 39%
- GWB – 55%
And the Chicken Dinner Winner is…………………….
- Obama – 8%*
This is the guy who wants to tell YOU how to run YOUR life!
ONLY ONE IN TWELVE in the Obama Cabinet HAS EVER HAD A JOB.
*YEP, EIGHT PERCENT!
And these are the guys holding a “job summit”; going to tell us how to
run our businesses, make our decisions for us? Do you want to trust them
with every aspect of your life?
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