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Presented Without Comment: Experience

Marla Singer's picture


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Wed, 11/25/2009 - 17:59 | Link to Comment Rollerball
Rollerball's picture

Chains you can believe in.  Just axe Gary.

Wed, 11/25/2009 - 21:28 | Link to Comment albion402
albion402's picture

Using Climategate as a point of reference, who is adding in "real" experience to the time series?

Wed, 11/25/2009 - 23:48 | Link to Comment ED
ED's picture

How come Nixon do so swell?

Unless by 'private sector' they mean 'navel gazing'.

Wed, 11/25/2009 - 18:04 | Link to Comment Fibozachi
Fibozachi's picture

.... almost as if Armstrong's Private-Public pendulum might have some cred to it, huh? 

Then again, what could the man behind The Foundation for the Study of Cycles and the premise for the cult film Pi, really know.  lol ... disbanded in '99, the MTA is reopening the Foundation ... just in time for the next leg lower. 

Wed, 11/25/2009 - 18:10 | Link to Comment Anonymous
Wed, 11/25/2009 - 19:55 | Link to Comment Anonymous
Wed, 11/25/2009 - 18:06 | Link to Comment Anonymous
Wed, 11/25/2009 - 22:58 | Link to Comment Anonymous
Wed, 11/25/2009 - 18:08 | Link to Comment JohnKing
JohnKing's picture


Wed, 11/25/2009 - 18:09 | Link to Comment johngaltfla
johngaltfla's picture

Speaks volumes. The children are in charge.

Wed, 11/25/2009 - 21:14 | Link to Comment Anonymous
Thu, 11/26/2009 - 14:54 | Link to Comment Assetman
Assetman's picture

You don't need a whole lot of private sector experience to screw people over.

The biggest difference here is that this Admin staff will spread the screwing over as broad as possible, assuming the KY effect won't be as painful.

Wed, 11/25/2009 - 18:11 | Link to Comment jdun
jdun's picture

Equality through poverty.

Wed, 11/25/2009 - 18:16 | Link to Comment heatbarrier
heatbarrier's picture

Or GS's "Prosperity through inequality".

Wed, 11/25/2009 - 21:01 | Link to Comment jdun
jdun's picture

There will be always inequality. If everyone was smart then everybody would have their own business and be rich. The people that whine the most are the people that leech off those people that provided jobs.

This isn't a perfect world, deal with it.


Wed, 11/25/2009 - 21:25 | Link to Comment Anonymous
Wed, 11/25/2009 - 18:14 | Link to Comment waterdog
waterdog's picture

Like being skinned with a fillet knife, Marla. One does not know they are on the menu until it is too late.

Wed, 11/25/2009 - 18:13 | Link to Comment heatbarrier
heatbarrier's picture

Marla, How about "administration officials with WS experience/connection"? That would be more telling. Timmy G does qualify for "private sector experience".

Wed, 11/25/2009 - 18:49 | Link to Comment E pluribus unum
E pluribus unum's picture

Hardly - and I sure as hell wouldn't geel any better if Jamie Dimon was the Secretary of the Treasury, would you?

Wed, 11/25/2009 - 19:02 | Link to Comment heatbarrier
heatbarrier's picture

Correction: I meant Timmy G doesn NOT qualify for private sector experience.

Jamie D wouldn't last six month in DC with this storm raging, he doesn't have the skills.

Wed, 11/25/2009 - 18:14 | Link to Comment heatbarrier
heatbarrier's picture

Deleted - random, mysterious, double post.  NSA intercept?

Wed, 11/25/2009 - 18:20 | Link to Comment niamor
niamor's picture

I am not sure was this says about the current administration's ability to deal with the mess they inherited from that so experienced GWB administration....  

Wed, 11/25/2009 - 18:27 | Link to Comment Sancho Ponzi
Sancho Ponzi's picture

I'll guess your age at < 30. Man, I hope I'm right.

Thu, 11/26/2009 - 09:41 | Link to Comment Anonymous
Wed, 11/25/2009 - 19:37 | Link to Comment Mad Max
Mad Max's picture

Experienced at evil is still experience.

And from where I stand 8 years of rule by greedy, professionally evil non-wall-streeters is looking better than not even a year of rule by greedy, amaterishly evil wall street cronies.

Wed, 11/25/2009 - 20:04 | Link to Comment Anonymous
Thu, 11/26/2009 - 00:13 | Link to Comment Mad Max
Mad Max's picture

Boy, someone has a chip on their shoulder!

Greenspan and the banksters created the bubbles with unparalleled support from both parties.  The repeal of Glass-Stegall by the Gramm-Leach-Bliley Act was quite bipartisan and quite disastrous, and it all occurred under Clinton's reign and potential veto.

By the way, Gen X is now over 30 and largely had nothing to do with all the sins that you correctly identify with the Baby Boomers.

Thu, 11/26/2009 - 15:41 | Link to Comment Anonymous
Wed, 11/25/2009 - 18:30 | Link to Comment Rusty_Shackleford
Rusty_Shackleford's picture


I think the most telling fact is that this number has almost never been more than 50%.


Think about that.


Half of the people in charge of helping the POUSA run the country have never actually worked for a living.

Wed, 11/25/2009 - 19:30 | Link to Comment Anonymous
Wed, 11/25/2009 - 18:39 | Link to Comment AnonymousMonetarist
AnonymousMonetarist's picture

'Where did it go Rahm?'

Right in the old lumberyard sir.'

Wed, 11/25/2009 - 18:53 | Link to Comment mikeyv1970
mikeyv1970's picture

Well using TA you can see a disctint trendline downward other than that little Jab from GWB...   Next president wont be ANY folks with Private Sector Experience.  Wonder if you should short the market long term then?  :P

Wed, 11/25/2009 - 23:03 | Link to Comment Anonymous
Wed, 11/25/2009 - 18:59 | Link to Comment ShankyS
ShankyS's picture

Was this a pick your poison question?

Wed, 11/25/2009 - 19:07 | Link to Comment Zippyin Annapolis
Zippyin Annapolis's picture

Took 7 months to pick a dog--and then got it from Ted Kennedy--nuff said.

Wed, 11/25/2009 - 19:08 | Link to Comment Anonymous
Wed, 11/25/2009 - 19:25 | Link to Comment carbonmutant
carbonmutant's picture

 A crop of brand-new orators we grew,
and foolish, paltry lads who thought they knew."
Gnaeus Naevius    ca. 264-201 BC

There is historical precedent

Wed, 11/25/2009 - 20:04 | Link to Comment putbuyer
putbuyer's picture

I like that...

Wed, 11/25/2009 - 19:57 | Link to Comment The Rock
The Rock's picture

Private sector experience didn't mean shit for the last 100 years when the mothersquid (Rothschilds) began to take over the world.  They've appointed or successfully "convinced" 99% of the key cabinet positions.

James Forrestal R.I.P.

Wed, 11/25/2009 - 20:36 | Link to Comment Anonymous
Wed, 11/25/2009 - 21:22 | Link to Comment Anonymous
Wed, 11/25/2009 - 21:46 | Link to Comment torabora
torabora's picture

To each according to need (banksters are a needy bunch) and from each according to ability (they need you able to crawl behind a bush and die).

Wed, 11/25/2009 - 22:17 | Link to Comment Unscarred
Unscarred's picture

When Obama got elected, I gave him a 1 in 10 chance at fixing the economy...  Looks I slightly overestimated him.

Wed, 11/25/2009 - 23:05 | Link to Comment Anonymous
Thu, 11/26/2009 - 08:41 | Link to Comment Anton LaVey
Anton LaVey's picture

I gave him 50% - but only if he brought Glass-Steagall back and put half of Wall Street behind bars. For life. With no possibility of parole. Now, the inmates are running the asylum.

Thu, 11/26/2009 - 09:21 | Link to Comment wackyquacker
wackyquacker's picture

who appointed the crooks?

Thu, 11/26/2009 - 18:54 | Link to Comment Unscarred
Unscarred's picture

Well, the U.S. citizens elect the President, as well as Congress...

Wed, 11/25/2009 - 22:24 | Link to Comment Gubbmint Cheese
Gubbmint Cheese's picture

Hmm.. they might not have a lot of experience - but the f*ing we are getting sure feels like its coming from someone with a LOT of experience.

Wed, 11/25/2009 - 22:25 | Link to Comment Psquared
Psquared's picture

I take two things from this chart. First, Obama has the fewest and Eisenhower had the most. Second, the 50s were less corrupt than the first decade of this millenium. GWB had a higher percentage but included such wonders as Hank Paulson.

It does not appear to me at all obvious that previous private sector experience indicates a more highly developed sense of ethics or morality or, for that matter, competence.

Thu, 11/26/2009 - 08:21 | Link to Comment Zippyin Annapolis
Zippyin Annapolis's picture

The 50s "less corrupt"?  What about the McCarthy hearings and that young Senate page, Bobby Baker. A cesspool of conflicts and a sleepy corrupt press--sort of like now!

"""""Baker took a job as a page in the United States Senate when he was fourteen years old for Senator Burnet Maybank. Baker quickly became friends with then Senate Majority Leader, Lyndon Johnson, and several other high-ranking Democrats. In the Senate, Baker eventually rose to serve as Secretary to the Majority (which at the time was the Democrats); this was his highest official position, as well as the position he would resign from. At the height of his political career, Baker's power as a Washington insider and Senate deal-broker was so great that he was often referred to as the "101st Senator". When Johnson was elected as Vice President under John F. Kennedy in 1960, Baker remained a close political adviser to Johnson, while continuing his larger role in the Democratic Party.

Baker frequently mixed politics with personal business, as was common practice among most politicians at the time. In 1962, Baker established the Serve-U-Corporation with his friend, Fred Black. The company was designed to provide vending machines for companies working on federally granted programs. Though a part of numerous other deals involving both politics and private financial affairs, this particular business venture would cause the uproar and scandal that would cause Baker to resign a year later.

The Serve-U-Corporation deal became the centerpiece of allegations of conflict of interest and corruption after a disgruntled former government contractor sued Baker and Black in civil court. This lawsuit eventually generated a great deal of press and a Republican investigation into Baker's business and political activities. Under increasing pressure, Baker resigned his job as Secretary to the Majority on October 7, 1963."""



Thu, 11/26/2009 - 15:49 | Link to Comment Psquared
Psquared's picture

I didn't say without corruption. There always has been and always will be corruption in a free society. What I don't see in the 1950s (unlike today) is Wall Street buying Washington DC and securing for themselves public payment for their bad bets. Baker may have been a scandal, but he never threatened to take down the world economic system and enslave the American people.

Thu, 11/26/2009 - 17:10 | Link to Comment Zippyin Annapolis
Zippyin Annapolis's picture

Exhibit A--Eisenhower's last inaugural address on the military- industrial complex


The actual takeover was completed shortly therafter.


Reading history is a necessity not a hobby.


Wed, 11/25/2009 - 22:30 | Link to Comment Edna R. Rider
Edna R. Rider's picture

Dinner tonight with relatives who are big fish hedge fund managers:  me:  "the dollar has to stop going down at some point, right?"  them, simultaneously:  "No, not at all."

Wed, 11/25/2009 - 22:38 | Link to Comment phaesed
phaesed's picture

Given the current level of corporate fraud out there, does it really make a fucking difference?


While Obama has undoubtedly had to sell out to the banks, would Kea.... I mean... would McCain have done any different?

Thu, 11/26/2009 - 08:23 | Link to Comment Zippyin Annapolis
Zippyin Annapolis's picture

Hell no--bipartisan control of the Treasury and Fed is an objective that is seldom if ever not met.

Thu, 11/26/2009 - 15:00 | Link to Comment Assetman
Assetman's picture

Probably not, pheased.

McCain, though, likely would have been unpredicatable... capable of making even more political enemies.  The Chinese would have sabotaged AF One going out of Bejing.

Otherwise, Obama/McCain are one of the same.

Thu, 11/26/2009 - 16:13 | Link to Comment phaesed
phaesed's picture

Thanks for seeing that...

Seriously, I don't care who's in office, but I can say that I prefer we spend 1trillion on healthcare than another war in afghanistan.

All the banks want is for us to be in DEBT.

90% of the bozos who are bitching about higher taxes are also enjoying the cause of the higher taxes... BAILING OUT THE BANKS.

$1 trillion pales in comparison.

Wed, 11/25/2009 - 22:43 | Link to Comment Ignore Amos
Ignore Amos's picture

Aw c'mon, who needs experience when you have hope and change?

Wed, 11/25/2009 - 22:53 | Link to Comment Anonymous
Wed, 11/25/2009 - 23:03 | Link to Comment pooplagrande
pooplagrande's picture

Don't be afraid to comment...why is everyone so afraid to say something about Obama? Is it the race card? Is it bashing the icon for hope/change?

He is just another politician, who happens to be a great campaigner/speaker/networker/organizer, but he is JUST ANOTHER LYING, SELF-SERVING, POLITICIAN...and no, I am not a republican or a democrat...just a frustrated citizen sick of the lies.

Wed, 11/25/2009 - 23:04 | Link to Comment phaesed
phaesed's picture

And speaking of which.........

Let's look at the twats who have the most corporate experience.

Taft/Wilson - WWI

Truman - WWII

Eisenhower - North Korea

Nixon - Vietnam

Reagan - Iran/Contra

Bush I - Desert Storm

Bushie II - Iraq

Notice any fucking patterns? :)

Wed, 11/25/2009 - 23:20 | Link to Comment Anonymous
Thu, 11/26/2009 - 02:47 | Link to Comment phaesed
phaesed's picture

I was wondering whether to add LBJ to that... thanks, so it was LBJ/Nixon...

still goes to prove the point, but thank you for pointing that out and thank you for that service.

Bosnia, 1st Cav here.

<oh and I should add that aint shit compared to what you and what many of ours are going through right now>

Thu, 11/26/2009 - 09:44 | Link to Comment wackyquacker
wackyquacker's picture

wondering? please, read a history book. Your attempt of correlation is, well, selective? Ever heard of outliers? Assignable cause variation? (ie, by design, on purpose, assignable). Marla's chart is saying we're in uncharted (!) waters here. And this doesn't even include the real kingpins- unvetted czars. Carter, Clinton, Kennedy- left of center realists -relatively. This guy- Koolaid drinker- off the charts.

Thu, 11/26/2009 - 16:07 | Link to Comment phaesed
phaesed's picture

I wasn't attempting any correlation wackyquacker, I was pointing out that corporate experience doesn't necessarily correlate to better outcomes. Corporate experience shows flat out a higher war preference. If you're using corporate experience as a measure of competence, how the fuck do you explain Bush II?


Errr Duh.

Thu, 11/26/2009 - 17:55 | Link to Comment wackyquacker
wackyquacker's picture

Whether corp experience is a + or - cannot be gleaned from the chart and I don't think that's Marla's point. We only have what is, not what was or what we hope; history will explain Bush ii. You're assuming alot with your assertion.

Fri, 11/27/2009 - 01:21 | Link to Comment phaesed
phaesed's picture

You're right, I am.

I don't think it was Marla's point, I think her point was the discussion itself has merit, regardless of her own viewpoint. But, as you say, I am assuming a lot with my opinion.

Thu, 11/26/2009 - 16:45 | Link to Comment phaesed
phaesed's picture

Oh, I should mention.... read a history book? So I guessed the other presidents because I obviously didn't read a history book about which puppet caused which war.

And if you've ever read any of my fucking posts, you'll realize I've read way more history books than most, except I concentrate on what matters.... the banks.

Koolaid drinker? lol, you're drinking vodka if you're so numb to the blunt reality of who's being called Mr. President is really just a puppet.

Thu, 11/26/2009 - 22:06 | Link to Comment New_Meat
New_Meat's picture

s/f and happy thanksgiving


Thu, 11/26/2009 - 22:29 | Link to Comment New_Meat
New_Meat's picture

Nooo.... Truman June 1950 with an April Gillespie (sp?) moment where Sec State (Acheson?) didn't "include" South Korea under the umbrella of US protection.  Let's see...

Wilson "too proud to fight" because it would be hurting his progressive agenda, but then, well, was forced to declare war. Geee, Taft not in policy arena.

Truman was a Pendergast (sp?) machine pol in KC when WW2 started.  Senator.  War profiteering hawk as a populist.  (Harry S. Truman--S is his middle name).

Ike got elected because he was willing to end the conflict in a blinding instant.1

Bobby Kennedy and JFK -- Vietnam

Nixon with Realpolitik unf***ed the bad JFK/LBJ situation, my brothers weap, but best of a bad situation at the time.

Reagan--Berlin wall, and I/C--let's see, no war there.

GHWB didn't go all wobbly and achieved his (Powell and Cheney advised) ends.

W-well, you'll miss him on your dieing grave.

O--"dithering" sticks so well.

so the pattern I see is obfuscation and other revisionism.   Problem is, there are those of us who'se toughest times were not in the financial or other industries.

My best wishes to you,



Wed, 11/25/2009 - 23:08 | Link to Comment Anonymous
Thu, 11/26/2009 - 04:48 | Link to Comment Anonymous
Thu, 11/26/2009 - 08:46 | Link to Comment Anton LaVey
Anton LaVey's picture

Bush not blaming Clinton? Ha ha ha ha ha ha ha! Re-read the Wall Street Journal op-ed pages of that time, please. Obama nationalized everything? Well, it's a toss between Obama "cash for clunkers" and "nationalized health care" and GWB/Cheney support for Halliburton, Blackwater and others. Pick your poison. Meet the new boss, same as the old boss and all that.

Thu, 11/26/2009 - 16:09 | Link to Comment phaesed
phaesed's picture


I still don't understand how people are falling into populist comparisons of the "elected" (please read bought and paid for) leaders.

Attack the problem, not the figureheads which are placed to pin the proverbial tail on the donkey.

Wed, 11/25/2009 - 23:28 | Link to Comment Cistercian
Cistercian's picture

 Obama presidency=Epic FAIL.

 Totally worthless.When Larry and Timmy boy were named I suspected the doom was total.Sometimes, it really sucks to be right.It must really, really suck to be one of those poor dolts who thought he was going to be something special.Which is ultimately very sad for something as salutatory as being the first President of color in our nations history.And he is just nothing...a puppet who dances on the orders of wall st and their pals.Of course, things will get worse.And what will history say of President Obama?That he was welcomed , and showed so much promise....and then systematically betrayed the people who elected him and sealed the doom of the USA.What a nightmare.


Wed, 11/25/2009 - 23:53 | Link to Comment Anonymous
Thu, 11/26/2009 - 05:02 | Link to Comment Anonymous
Thu, 11/26/2009 - 00:34 | Link to Comment agrotera
agrotera's picture


Thu, 11/26/2009 - 01:14 | Link to Comment Anonymous
Thu, 11/26/2009 - 02:24 | Link to Comment Bear
Bear's picture

I think the plot of the Presidents 'actual experience' would look even more dramatic. With Obama at 180 days of national service (does not include campaigning). This is pathetic.

Thu, 11/26/2009 - 08:05 | Link to Comment ArkansasAngie
ArkansasAngie's picture

Personally ... if you haven't had the pleasure of meeting payroll out of your own pocket you can't possibly be ready to be president or one of his advisors.

Thu, 11/26/2009 - 08:50 | Link to Comment Anton LaVey
Anton LaVey's picture

What's next? Giving the right to vote only to people who have created their own company? That's not a "democracy" anymore, it's an oligarchy. Or, even worse, a plutocracy. Is that really what you want?

Think long and hard about that last question.

(I know, thinking long and hard is probably difficult for you, but do give it a try)

Thu, 11/26/2009 - 11:52 | Link to Comment Anonymous
Thu, 11/26/2009 - 16:11 | Link to Comment phaesed
phaesed's picture

Yes... we should all bow to the magnificence of the corporate structure which promote secret alliances, price fixing, corporate espionage, middle management inefficiency.... Do I really need to go on?

Thu, 11/26/2009 - 17:10 | Link to Comment Anonymous
Thu, 11/26/2009 - 10:35 | Link to Comment Anonymous
Thu, 11/26/2009 - 12:32 | Link to Comment Cursive
Cursive's picture

Limousine liberals saving the world on your credit card.

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Tue, 12/01/2009 - 11:57 | Link to Comment Anonymous
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