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De Omnibus Dubitandum - Lux Veritas

Monday, July 18, 2022

Exclusive — Ship of Fools: 62 Percent of Biden Officials Who Handle Economic Policy Have Zero Years Business Experience Per Report

Matthew Boyle 13 Jul 2022

An explosive new analysis published by the Committee to Unleash Prosperity reveals that Democrat President Joe Biden’s administration has very few business-oriented officials in the administration and that the vast majority of people handling economic policy for the United States government under Biden have no business experience whatsoever.

The 15-page report, authored by economist Steve Moore and the Committee to Unleash Prosperity‘s executive director Jon Decker, was provided to Breitbart News exclusively ahead of its public release. The headline of the report is: “Not Ready for Prime Time Players: Majority of Biden Appointees have Zero Years of Business Experience.” The report analyzes the backgrounds of the “top 68 officials in the Biden administration, starting with the president himself, and including cabinet members, regulatory officials, and White House advisers.”

In the executive summary, the authors detail some key findings in the report. First and foremost, 62 percent of Biden’s top political appointees and staffers “who deal with economic policy, regulation, commerce, energy and finance have virtually no business experience.”

What’s more, only one out of eight Biden officials has what the authors deem “extensive business experience,” and the average level of business experience across the Biden administration is about 2.4 years. The median years of business experience among Biden’s top appointees is zero, since so few have any experience in the private sector, and the “vast majority of the Biden economic/commerce team members are professional politicians, lawyers, community organizers, lobbyists, or government employees.”............To Read More.....

  • Biden's top 68 appointees have just 2.4 years of business experience, analysis finds - including 62 percent of officials who have 'virtually NO private sector experience' on their work records - The report found that 62 percent of Biden appointees who deal directly with business matters - economic policy, regulation, commerce, energy and finance, have 'virtually no business experience.' Only one in 8 were found to have 'extensive' business experience and their average business experience was 2.4 years.  'These highest level people who are in charge of kind of keeping our economy on track of haven't got the experience to deal with, you know, the logistics of managing $22 trillion economy,' Moore told DailyMail.com in an interview. 'You have basically lawyers and university professors and community activists that don't have any experience with managing a big operation or steering the economy in the right direction.' ..........
  • Breitbart News Daily Podcast Ep. 177: Study Explains Biden Administration’s Economic Incompetence; Guest: Stephen Moore - Host Alex Marlow opens today’s Breitbart News Daily podcast with a preview of the likely pointless summit President Biden is holding in Saudi Arabia. Then, Alex delves into the latest frightening inflation data, the prospect of a global food shortage, and the possibility of the Monkeypox getting out of control before the Biden administration comes up with a coherent policy on it. Alex also reports on Massachusetts Sen. Liz Warren’s latest abortion hysteria, another crime story involving a man who recently had a beard but now thinks he’s a woman, the renewed push for mask mandates, and why New York City stinks both literally and figuratively. Our guest today is economist Stephen Moore, who conducted a study revealing that only 62 percent of the Biden administration officials who handle economic policy have actual business experience........
  • The Problem of Policymaker Ignorance - “Policymakers are forever in search of causal knowledge and powers – to both know enough and be capable of bringing about specific states of social affairs – that no mortal can possess.” ~ Scott Scheall
  • Fed Must Act Now to Stop Runaway Inflation - “Fed Chair Jerome Powell promised more than six months ago that the Fed would ‘use our tools to make sure that higher inflation does not become entrenched.’ Its actions, however, indicate otherwise.”......... 
  • Consumer Sentiment Remained Near Record Lows in Early July - “Consumer sentiment ticked up in early July but remains near record lows and consistent with prior recessions. Inflation is a driver of weakening consumer attitudes and contributing to elevated risks. The outlook is highly uncertain.” ~ Robert Hughes 
  • Five Negative Consequences of Price Ceilings - “The public often supports price ceilings – support that would surely disappear if the public understood the basic economics of this harmful government intervention.” 
  • Real Retail Sales Decline for the Third Time in Four Months - “Real retail sales fell in June and the recent trend is essentially flat. Threats to the economy are intensifying. Caution is warranted.” ~ Robert Hughes 
  • Manufacturing Output Falls for a Second Consecutive Month in June -  “Industrial output fell in June, led by declines in manufacturing. Production issues, price pressures, and an intensifying Fed tightening cycle remain risks. Caution is warranted.” ~ Robert Hughes

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