Obama hates the private sector…

The following graph should alarm even the most committed socialists (okay, maybe not the most committed):

The American Enterprise Institute, in a blog post by Nick Schulz, uncovered (with the help of J.P. Morgan research) the level of “private sector” experience from members of each President’s Cabinet since Theodore Roosevelt at the turn of the 20th Century. The study includes secretaries of State, Commerce, Treasury, Agriculture, Interior, Labor, Transportation, Energy, and Housing & Urban Development, and excludes Postmaster General, Navy, War (Defense), Health, Education & Welfare, Veterans Affairs, and Homeland Security.

J.P. Morgan is interested in the private sector experience from the aforementioned secretaries because they might influence economic policy made by the President.

The study examined the careers of a total of 432 Cabinet secretaries.

The average to me looks to be about 45% of employment history for those secretaries, with Eisenhower’s Administration having the most private sector experience (about 58 – 59%) and Kennedy’s Administration having the least amount of private sector experience (about 28 – 29%), excluding the Presidency of Barack Obama.

No, President Obama’s Cabinet’s private sector experience lies several standard deviations below the mean, with just about 7% of all work experience for members of Obama’s Cabinet having come from the private sector.

From Schulz’ blog post:

When one considers that public sector employment has ranged since the 1950s at between 15 percent and 19 percent of the population, the makeup of the current cabinet—over 90 percent of its prior experience was in the public sector—is remarkable.

This is, in fact, remarkable. A Cabinet with almost no private sector experience should not be dictating economic policy. Your thoughts?