One Reason Why It Might Not Be Getting Better

US Jobs Data
By Bill Bonner | 07/20/10

Vancouver, British Columbia – And here’s an interesting item that is going around the Internet:
If July has ides, this is it.

Ever Had A Job?

A chart that showed past presidents and the percentage of each president’s cabinet appointees who had previously worked in the private sector – you know, a real life business, not a government job? Remember what that is? A private business?

• Roosevelt – 38%
• Taft – 40%
• Wilson – 52%
• Harding – 49%
• Coolidge – 48%
• Hoover – 42%
• FDR – 50%
• Truman – 50%
• Eisenhower – 57%
• Kennedy – 30%
• LBJ – 47%
• Nixon – 53%
• Ford – 42%
• Carter – 32%
• Reagan – 56%
• GHWB – 51%
• Clinton – 39%
• GWB – 55%

And the Chicken Dinner Winner is...

• Obama – 8%*

ONLY ONE IN TWELVE in the Obama Cabinet HAS EVER HAD A JOB.

• *EIGHT PERCENT!