Some might argue that the business background of key members of the Bush administration \u2014 from the president himself to Treasury Secretary Henry Paulson \u2014 did no good for the economy.<\/p>\n
But going to the other extreme \u2014 totally ignoring experience in how the business world works \u2014 is unlikely to be good for the country as a whole or for investors. This is particularly true for the senior economic-policy team.<\/p>\n
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.<\/p>\n
If the business community was overrepresented in the Bush administration, it looks to be underrepresented in the incoming Obama administration.<\/p><\/blockquote>\n
As they say, stupid is as stupid does.\u00a0If Barack Obama is to be judged by his selections thus far, the economy and the business community\u00a0that represents\u00a0its only hope for\u00a0recovery\u00a0will soon be in the hands of\u00a0a cadre of theorists and academicians\u00a0that won’t\u00a0have a clue about what to do with it.<\/p>\n
Worse yet, and I fear more likely, is that Obama’s economic team may actually think<\/em> they know <\/em>what to.<\/p>\nObama’s campaign monologue displayed a remarkable dearth of any understanding of basic economics and a\u00a0veiled\u00a0disdain 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\u00a0under the\u00a0guise 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.<\/p>\n
You can’t creat jobs by taking more money from taxpayers.<\/p>\n
Obama will apparently not be governing as close to\u00a0the center as the media had been reporting, as recently as this past week.<\/p>\n
A liberal only has one lever to pull and Obama plans on pulling it with all his might.<\/p>\n","protected":false},"excerpt":{"rendered":"
They say you can tell a lot about a man by the company he keeps, or in this case, appoints. President-Elect Barack Obama\u00a0may acknowledge his lack of\u00a0executive or business experience\u00a0but 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? […]<\/p>\n","protected":false},"author":228,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57,68],"tags":[],"class_list":["post-3766","post","type-post","status-publish","format-standard","hentry","category-economy-and-the-market","category-capitalism-v-socialism"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/3766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/228"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3766"}],"version-history":[{"count":0,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/3766\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3766"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}