Talk of The Villages Florida - View Single Post - The U.S. won't default on Aug. 2nd
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Old 07-28-2011, 04:43 PM
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Originally Posted by Villages Kahuna View Post
No question that previous administrations had more appointees from the private sector.

But go back and restudy what the result was. Deficit spending and the growth of the national debt was rampant during those Congresses and under that administration. Then remember what happened to some of the key appointees. Several of them in key roles quit after only a couple of years when they found out that their input wasn't being considered in the formulation of domestic fiscal policy by the POTUS and VPOTUS.

Remember Paul O'Neill, Bush's first Treasury Secretary? He quit and was replaced by John Snow, who also quit and was replaced by Henry Paulson. All three had extensive private sector experience but found that much of the fiscal policy was being dictated by the POTUS and VPOTUS who...surprise... neither of whom very much private sector experience in their careers. Read the book The Price Of Loyalty by Paul O'Neill to see how much solid private sector experience helps.

If solid, experienced private sector advisors aren't listened to, what good is it to have appointed them in the first place? Go back and read the history.
Still, 8%. There is hardly any private sector to listen to. This administration has no plans what so ever.