Well, that explains a lot

From Nick Schulz, writing in The American, on the level of prior private sector experience of our HopeAndChanger-in-Chief's cabinet appointments [click chart to enlarge]:

A friend sends along the following chart from a J.P. Morgan research report. It examines the prior private sector experience of the cabinet officials since 1900 that one might expect a president to turn to in seeking advice about helping the economy. It includes secretaries of State, Commerce, Treasury, Agriculture, Interior, Labor, Transportation, Energy, and Housing & Urban Development, and excludes Postmaster General, Navy, War, Health, Education & Welfare, Veterans Affairs, and Homeland Security—432 cabinet members in all.

So over 90% of the president's economic-related cabinet appointments have had no prior private sector experience. Indeed, no president in the last 109 years even comes close to having a cabinet that had so little private sector experience. Doesn't exactly give you a warm-and-fuzzy feeling about their ability to understand the importance of private enterprise to a prosperous America, now does it?