A new report by the Committee to Unleash Prosperity claims that most of President Biden’s top officials have no business experience at all.
Economists Stephen Moore and Jon Decker analyzed the work records and resumes of 68 officials, including Biden himself and his cabinet members, advisers and supervisors.
Moore was a frequent commentator on tax issues and advised Trump on his tax plan, along with previous ones GOP Presidential candidate Herman Cain. Along with Larry Kudlow, he helped draft Trump’s 2017 tax cuts.
Moore admitted he wasn’t an expert on monetary policy when Trump was nominated for the post federal reserve Board of Governors and eventually withdrew after coming under fire for old comments, economic views and his messy divorce.
The report found that 62 percent of those appointed by Biden who deal directly with business matters — economic policy, regulation, trade, energy and finance — have “virtually no business experience.” Only one in eight respondents had “extensive” business experience, and their average business experience was 2.4 years.
“These high-level people who are responsible for keeping our economy on track don’t have the experience to deal with the logistics of managing a $22 trillion economy,” Moore said in an interview with DailyMail.com.
“You basically have lawyers and university professors and community activists who have no experience running a large operation or steering the economy in the right direction.”
Economists Stephen Moore (above) and Jon Decker analyzed the work records and resumes of 68 officials, including Biden himself and his cabinet members, advisers and supervisors
That report comes at a time of sky-high inflation of 9.1 percent, a 40-year record and a $10 trillion stock market sell-off that has liquidated retirement and wealth savings.
“When you have nine or ten percent inflation, when you have real problems in the small business sector, when you have a stock market crash, you need someone who can steer policy in the right direction.” said Moore.
“All you have at the moment is an administration that seems to focus on two issues. One is income inequality and the other is climate change. And they are not a high priority at the moment. That priority is getting America back to work.’
Biden and Harris both have 0 years of business experience, as does Agriculture Sec. Tom Vilsack, Treasury Department. Janet Yellen, Labor Sec. Marty Walsh and Shalanda Young, Office of Management and Budget Director, to name a few. There are a handful of exceptions, such as B. Commerce Sec. Gina Raimondo, who has been in venture capital for 11 years, and White House Chief of Staff Ron Klain, who has 16 years of experience following a career in venture capital.
US Sales Representative Katherine Tai has no business experience. She is an attorney who previously served as Chief Trade Counsel for the House Committee on Ways and Means
Treasury Janet Yellen has no business experience but has worked extensively in government and academia
OMB director Shalanda Young has no business experience but has worked as a staffer in Congress
The report notes that Health and Human Services Sec. Xavier Becerra is an attorney with little business or healthcare experience and Transportation Sec. Pete Buttigieg was the mayor of a small college town in South Bend, Indiana, and a management consultant before he was tasked with providing transportation infrastructure for a $1 trillion industry.
Energy Sec. Jennifer Granholm has two years of business experience, while US Trade Representative Katherine Tai has no experience and no one on the National Council of Economic Advisors has any business experience.
“You know, a lot of them you wouldn’t even want to hire to run a lemonade stand, let alone a $20 trillion economy,” Moore said.
Zach Butterworth, White House director for private sector engagement, has no business experience, nor does Jose Fernandez, undersecretary for economic growth, energy and the environment, or Doug Parker, director of OSHA.
Isabel Guzman, head of the Small Business Administration, has 20 years of business experience, while Jennifer Abruzzo, chair of the National Labor Relations Board, has none.
The authors noted that the Biden administration is staffed by people with backgrounds in law (20), politics and government (21), and academia or policymaking (12). Those whose primary background is venture capital or investing are five.