A 15-page report released by the Committee to Unleash Prosperity has revealed that the majority of officials appointed by Joe Biden do not have any business experience.
The Report is titled: “Not Ready for Prime Time Players: Majority of Biden Appointees have Zero Years of Business Experience.”
A summary of the report from the Committee to Unleash Prosperity says,
Based on our survey of the top 68 officials in the Biden administration, starting with the president himself, and including cabinet members, regulatory officials, and White House advisers, this study finds:
- 62% of Biden appointees who deal with economic policy, regulation, commerce, energy
and finance have virtually no business experience. - Only one in eight has extensive business experience.
- Average business experience of Biden appointees is only 2.4 years.
- Median years of business experience is zero.
- The vast majority of the Biden economic/commerce team members are professional politicians, lawyers, community organizers, lobbyists, or government employees.
We also compared the Biden administration’s business experience to President Trump’s cabinet officials during his last year in office. We found that the average Trump cabinet member had 13 years of business experience, and the median years of experience was 8.
Economist Steve Moore Moore, the principal author of the study said,
“It’s easy to understand why we have the highest inflation in forty years, the economy may have already put America into a recession. Despite the White House claims like record job ‘creation,’ a sizable majority of the country now believes, according to the latest polls, that America is on the wrong track. The people making economic policy have never worked in the real world. Americans are hurting and we need to change course immediately. The United States has the highest inflation rate in four decades. The stock market sell-off has liquidated $10 trillion of wealth. Retirement savings are dwindling. Consumer, small business, and investor confidence are shrinking. There’s widespread concern that America is at best teetering on the edge of a recession and may already be in one. And, in terms of growth, the economy has flatlined. Instead of having the best minds in America working on these problems, the president is relying on political and policy stooges who couldn’t make a garden grow, let alone the U.S. GDP.”
This report comes as the Consumer Price Index (CPI) indicated this week that inflation numbers hit a new 40 year high, with a much higher than expected at 9.1%, according to the Department of Labor.
The study finds that Biden’s economy is in bad shape and Americans are suffering due to Biden’s progressive economic policies,
“As the United States battles the highest inflation rate in four decades; a stock market sell-off that has liquidated some $10 trillion of wealth and retirement savings; and fast-declining consumer, small business, and investor confidence; and there is widespread concern that America is in a recession or teetering on the verge of recession. For the first half of 2022, the economic growth rate has been negative, according to the latest forecast from the Atlanta Federal Reserve Board. Americans are deeply divided on the Biden administration’s progressive economic policy priorities: the focus on redistribution of income, higher tax rates on the rich, more social welfare programs, pro-union policies, a heavier hand of regulation of business, government-directed investment, and climate change remedies aimed at a dramatic altering of America’s energy mix. But putting ideology and partisan leanings aside, a new concern of voters has emerged: Do the top decision makers in Congress and the Biden administration have the basic skill sets and business/ management experience and acumen to oversee a $6 trillion federal government and to regulate our multi-trillion dollar industries? Polls show Americans are generally unhappy with the economic direction of the country today.”
To read the full study click HERE
