Elizabeth Warren, upon being asked to serve as special advisor for the consumer financial regulation board, said it was time to work. Time to work? Since when has an academic done any real work outside of the classroom or an institution? For that matter, since when have President Obama or any member of his team done any real work that would allow them to relate to consumers and business people?
I don’t know about you, but I worked my way through school. I washed dishes, mopped floors, chopped produce. I flipped burgers, ran cash registers, and folded clothes in retail stores. I also managed a restaurant for two years. So upon hearing Professor Warren’s call to get to work, I had to find out what gives with these appointees. What do they know about business and real domestic issues?
Seemingly not much. I call the people around the president the “first-time 25ers.” Most of these people didn’t get a real job until 25 years of age. I can’t relate to people like that and I would guess most of America cannot either.
Let’s look at the biographies of some of the Obama posse. Start with Melody Barnes, the president’s chief coordinator of domestic policy. She has a law degree from the University of Michigan with her only saving grace being her undergrad from University of North Carolina at Chapel Hill (An Atlantic Coast Conference school). No experience serving consumers in a business capacity and no experience running a business. Wasn’t the number one domestic policy concern going into office the nation’s economy? If so, Mr. Obama, why is your domestic policy being coordinated by someone with no business of consumer experience?
Then there is Timothy Geithner. Mr. Geithner is a lifetime public servant/bureaucrat. Based on his biography, Mr. Geithner, who holds degrees from Dartmouth and Johns Hopkins, has never managed a business. Can he help craft intelligent policy on job creation without first hand knowledge as to what an employer wants?
Finally, there is Elizabeth Warren. After graduating from Rutgers’ law in 1976, Warren gained no experience running a business. Yes, she grew up a janitor’s daughter but how does that translate into understanding both sides of a consumer issue? It doesn’t.
His advisors are too removed from reality. If Mr. Obama wants to regain the public’s trust in the credibility of his administration, he could start by hiring some advisors who understand and have shared the experiences of his constituents.