That House Democrats with barely any business experience deigned to pontificate to Wall Street executives drew criticism from an unlikely quarter -- top-rated liberal radio host Ed Schultz.
Schultz could barely contain his disgust with members of the House Financial Services Committee for their condescending treatment of Wall Street execs whose banks received TARP funds.
Here's what Schultz said on Friday's show, referring to financial sector CEOs testifying before the committee two days earlier and the dearth of business experience among its members (click here for audio) --
Here's the bottom line, the committee that grilled these eight executives, 71 members, 42 Democrats, 29 Republicans. Now we're doing ESPN Inside the Numbers. Of the 71 members, folks, there's only 33 of them that have ever run their own business or were involved in upper-level management of a business, less than half. That means a bunch of 'em come from government, a bunch of 'em come from the activist life, people that have never met payroll. Of these 71 members, get that?, 33 have ever been in private business. And, get this, five have some business experience but did not run their own business and were not involved in upper management. So now the number's up to 38. OK, of the 71 members, 33 have no apparent business experience. OK? What are you doing on the House Financial Services Committee? Who are these 33 that have never been there and done that, supposed to hold anybody accountable who is at the absolute top of their profession being a CEO of a major financial institution?
Schultz proceeded to take a closer look at Democrats on the committee, led by Rep. Barney Frank of Massachusetts (click here for audio) --
All right, now let's go on over to the Democrats. They've got 42 on the committee. Forty-two Democrats on the committee. Half of them, 20 of them, 20 of the 42, almost half, have zero business experience as far as running their own business or being involved in any operation of a business. Here's one -- this includes the six most senior Democratic members. The most senior Democrats, who are getting to talk first, have absolutely zero business experience!
Not surprisingly, Schultz also turned his scorn on committee Republicans lacking real-world business experience (click here for audio) --
Let's get on over to the Republican side where you'd think it would be a little bit better since they're all syringed on tax cuts. You've got 13 that have never, 13 out of the 29, have zero business experience as far as running their own business or being involved in the operation of a business. This includes three of the top five most senior Republican members. So once again on the other side, the most important dudes who get to speak first! They don't know squat about business, they've never been there and done that!
In fairness to the committee, Chairman Frank came close to acquiring a measure of business expertise when it was revealed in 1989 that his male lover was running a prostitution ring from Frank's Capitol Hill apartment, allegedly without the otherwise astute Frank being aware of it.





















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Comments Policy
In fairness to the committee, Chairman Frank......
Mon, 02/16/2009 - 16:35 ET by political mavenroflmao
Did you hear about the dyslexic agnostic insomiac? He lays in bed all night contemplating the existence of Dog.
Change...
Mon, 02/16/2009 - 16:47 ET by ontheright...we can believe in. Skewer the business leaders (not to say they aren't somewhat culpable) while ignoring the true cause of the collapse. Typical liberal, big government ideology. "Let's try to fix something that doesn't need fix'n."
Or, as Frank would say - bonuses are bribes; but campaign contributions and resulting votes are mandates...oh the folley.
Ed who?
Mon, 02/16/2009 - 16:50 ET by bradbenj5952Too bad no more than about 8 liberal listeners actually heard this.
"Believe on the Lord Jesus Christ, and thou shalt be saved, and thy house." Acts 16:31
Those who can, do. Those
Mon, 02/16/2009 - 16:56 ET by motherbeltThose who can, do.
Those who can't....make up regulations.
I didn't think it was physically possible, but this both sucks and blows. -Bart Simpson
Don't Doubt Ed's Numbers
Mon, 02/16/2009 - 18:13 ET by CaringwhiteguyI don't doubt Ed's numbers at all. The problem is that the stats he gave probably constitute ALL in Congress who have any business experience.
I'd also be interested the hear Ed give us the demographics for the House Armed Services Committee to help us gauge that committee's expertise in the area it "oversees".
Follow the money
Mon, 02/16/2009 - 18:39 ET by slickwillie2001I believe a significant number of those in Congress have never had a real job, let alone managed a business. Many of them were brought up in politics, like the Gores and Kennedys. Equally disturbing, if you plot their net worth you generally see a significant increase since being elected, above and beyond their salaries. Election to Congress should not be a get-rich-quick scheme but for many it is.
Diss Organizer-in-Chief
Mon, 02/16/2009 - 20:03 ET by Jack BauerYou think THAT'S scary. The resume of the President of the United States makes these guys look like Lee Iococa!
8 years as a student. Part time Lecturer at a University. Street agitator. Office junior in New York. State Senator. United States Senator.
This is the CHIEF EXECUTIVE -- and he's never even run a Lemonade stand.
300 million people and that's the best a nation can do?
A manchild whose #1 skill is reading a teleprompter quite well. But that VOICE. My God, how can anyone stand that just above monotone dirge. It's awful.
Jack!
Mon, 02/16/2009 - 20:55 ET by AnotherFedUpOneThose were my thoughts too, not exactly Lee Iococa, but on those lines...
Our country is being led down a path that we may never recover from by a man who has NO BUSINESS being anything more than a suit salesman....after all....he should know more about empty suits than anyone!
Good Comments Jack
FedUp... ...He should
Mon, 02/16/2009 - 21:01 ET by bigtimerFedUp...
...He should know more about empty-suits than anyone...
POW! Right in the kisser!
....that was a great zinger!
The truth to-boot.
cheers another! But you
Tue, 02/17/2009 - 11:52 ET by Jack Bauercheers another! But you realize you just insulted all those hard-working suit sellers!
Let's see suit salesman v community "organizer." Give me the suit guy everytime!
Jack.....
Tue, 02/17/2009 - 14:13 ET by AnotherFedUpOne.....you are absolutely right, I should have clarified that I did not mean to insult "Mens Clothing Sales Personnel" anywhere!
And I apoligize if I did.....
Thanks for correcting me Jack
:-{)
Hey Ed,
Mon, 02/16/2009 - 23:01 ET by RESTLESS 1"That means a bunch of 'em come from government, a bunch of 'em come from the activist life, people that have never met payroll."
That describes someone perfectly. He's been in the news a lot over the past two and half years. Hmmm, half black, half white, all loser...just can't put my finger on it though.
I got it!!! "That one".
"This
liberal would be all about socialize -- uh, uh, would be about
basically taking over and the government running all of your companies."-Maxine Waters 2008
no matter who you are-if
Tue, 02/17/2009 - 11:29 ET by JIMMY1660no matter who you are-if you have no skin in the game-you should not be playing the game.
allow me to Love America