The stat that jumps out as unbelievable is this: Looking back to 1900, he referenced a study from JP Morgan's Chief Investment Officer noting the percentage of Presidential Cabinet Post Appointees with prior private sector experience.
Teddy Roosevelt 37%
Taft 39%
Wilson 51%
Harding 48%
Coolidge 47%
Hoover 40%
FDR 50%
Truman 50%
Ike 56%
JFK 29%
LBJ 47%
Nixon 52%
Ford 44%
Carter 31%
Reagan 55%
G. Bush 51%
Clinton 38%
G. Bush II 52%
Obama 8% (yes, 8% not a typo)
It would be interesting to see how many former jailbirds were employed in each of the above administrations.
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