White House Economist Lack Something Important
(RepublicanNews.org) – Americans are struggling more than they have in decades. In most areas, gas prices remain well above $4 a gallon, and inflation heavily impacts both companies and consumers. Some analysts worry the US is teetering on the edge of a recession in the wake of the Federal Reserve’s decision to increase interest rates. Is a lack of experience within the Biden administration exacerbating the problem? An explosive new report from the Committee to Unleash Prosperity (CUP) suggests that many staffers have no “business” being involved.
Who’s Running the Country?
While the obvious answer to this question is the President of the United States, it takes a lot more than one person to run America and its complex economy. That’s why Steve Moore and CUP Director Jon Decker set out to find some answers. What they discovered is shocking and could at least partially explain why Americans continue to struggle.
Moore and Decker’s report explores just how many years of business experience 68 current Biden administration officials actually hold. According to their results, at least 62% have absolutely none whatsoever.
The analysis piece investigated President Biden himself, his second-in-command Kamala Harris, White House advisors, regulatory officials, and cabinet members. The average amount of business experience across the 68 officials was just 2.4 years; the overall median was zero.
Neither the president nor vice president has any background in the field of commerce. Secretary of Agriculture Tom Vilsack, Secretary of Labor Marty Walsh, Treasury Secretary Janet Yellen, Office of Management and Budget director Shalanda Young, Secretary of Housing and Urban Development Marcia Fudge, Secretary of Education Miguel Cardona, and U.S. Trade Representative Katherine Tai are all also lacking in the same department.
Troublingly, they make up just a fraction of the list.
Some Experience
In slightly more positive news, a handful of people in Biden’s inner circle do hold at least some experience in business. That shortlist includes:
- Secretary of Commerce Gina Raimondo (11 years)
- White House Chief of Staff Ron Klain (16 years)
- Secretary of Interior Deb Haaland (11 years)
- Small Business Administration Isabel Guzman (20 years)
- Secretary of Transportation Pete Buttigieg (4 years)
Notably, Guzman has the most experience out of all 68 members reviewed in the report. Buttigieg, on the other hand, might have four years in commerce to fall back on, but the president placed him into a position he knew absolutely nothing about.
Decker and Moore compared the Biden administration to the Trump administration to see how they lined up. Results weren’t even remotely close. Former President Donald Trump’s staffers had an average of 13 years of business experience — some 45 of which come from the GOP leader himself — with an overall median of eight.
Bad for Business
The entire Biden administration has a combined 161 years of experience. Yet, 42 of the 68 officials completely lack any background in business. The president claims his goal is to be inclusive and create a diverse administration. While that may be great for optics, is it wise? Could this be part of the reason why the US economy continues to struggle?
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