They say you can tell a lot about a man by the company he keeps, or in this case, appoints. President-Elect Barack Obama may acknowledge his lack of executive or business experience but will he recruit to reinforce these deficits?

Not as of yet.

Where are the advocates for businesspeople and investors in President-elect Barack Obama’s incoming administration? So far, not one of his cabinet appointments, especially those dealing with the economy, has any significant business experience, and there is little to be seen on the résumés of the likely candidates for as-yet-unfilled positions.

Some might argue that the business background of key members of the Bush administration — from the president himself to Treasury Secretary Henry Paulson — did no good for the economy.

But going to the other extreme — totally ignoring experience in how the business world works — is unlikely to be good for the country as a whole or for investors. This is particularly true for the senior economic-policy team.

The Obama economic team so far is dominated by academics with no real-life experience, from his choices for Treasury secretary to chairman of the Council of Economic Advisers to secretary of commerce.

If the business community was overrepresented in the Bush administration, it looks to be underrepresented in the incoming Obama administration.

As they say, stupid is as stupid does. If Barack Obama is to be judged by his selections thus far, the economy and the business community that represents its only hope for recovery will soon be in the hands of a cadre of theorists and academicians that won’t have a clue about what to do with it.

Worse yet, and I fear more likely, is that Obama’s economic team may actually think they know what to.

Obama’s campaign monologue displayed a remarkable dearth of any understanding of basic economics and a veiled disdain for business and capitalism. Joe the Plumber made headlines for this very fact. Obama’s most recent appeal, to create the largest welfare program in the history of America under the guise of “investment” and “job creation” is a patent example of liberal lunacy and may be the undoing of what is left of America’s economy.

You can’t creat jobs by taking more money from taxpayers.

Obama will apparently not be governing as close to the center as the media had been reporting, as recently as this past week.

A liberal only has one lever to pull and Obama plans on pulling it with all his might.

This entry was posted by by Johnny Roosh on Monday, December 8th, 2008 at 6:00 am and is filed under Business, The Economy and The Markets, Capitalism v Socialism. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.