Less than 10 percent of Obama's Cabinet appointees "have any experience in the private sector."
Glenn Beck on Monday, November 30th, 2009 in a statement on his show on Fox News Channel
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Beck says less than 10 percent of Obama Cabinet has worked in private sector
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Fox News talk show host Glenn Beck has seized on a claim circulating on the Internet to argue that the Obama administration has little understanding of American business and is too focused on expanding government.
"History has proven over and over again — and so has the post office, for that matter — that government is not the answer," Beck said on his Nov. 30, 2009, show. "You need to unleash the people. The entrepreneurs. And if you are wondering how it is that the government can't see that — how they can be pondering even bigger stimulus packages as they stare the failure of the first one right in the face — I'll show you. Here are the past presidents and the number of appointees in their Cabinets with private sector experience — folks that have done more than write on the chalkboard; they've been out there, in the real world. Let's compare President Nixon — he's over 50 percent — with President Obama: Under 10 percent of his appointees have any experience in the private sector."
We did a little digging and found that the claim is based on a study by Michael Cembalest, the chief investment officer for J.P. Morgan Private Bank. In a Nov. 24, 2009, column titled "Obama's Business Blind Spot" and published on Forbes.com, Cembalest wrote, "In a quest to see what frame of reference the administration might have on this issue, I looked back at the history of the presidential Cabinet. Starting with the creation of the secretary of commerce back in 1900, I compiled the prior private-sector experience of all 432 Cabinet members, focusing on those positions one would expect to participate in this discussion: secretaries of State; Commerce; Treasury; Agriculture; Interior; Labor; Transportation; Energy; and Housing & Urban Development."
He continued, "Many of these individuals started a company or ran one, with first-hand experience in hiring and firing, domestic and international competition, red tape, recessions, wars and technological change. Their industries included agribusiness, chemicals, finance, construction, communications, energy, insurance, mining, publishing, pharmaceuticals, railroads and steel; a cross-section of the American experience. (I even gave [one-third] credit to attorneys focused on private-sector issues, although one could argue this is a completely different kettle of fish.) One thing is clear: The current administration, compared with past Democratic and Republican ones