78% of Congress Didn't Study Business, Economics
Yet they're handling the recession
By Kevin Spak, Newser User
Posted Aug 24, 2011 1:52 PM CDT
As a rain moves in, the Capitol building is reflected in a pool of water on Capitol Hill in Washington, Wednesday, July 13, 2011.   (AP Photo/Carolyn Kaster)

(Newser) – As Congress debates the weighty economic issues of our times, you can rest easy knowing that almost 80% of them didn’t major in business, economics, accounting, or any related field, according to a new study from the Employment Policies Institute. Just 8.4% of legislators studied economics, with another 13.7% studying business or accounting, the Hill reports. The majority (55.7%) majored in government, law, or humanities.

“This research suggests that our elected representatives may want to dust off their Econ 101 textbook (if they have one) before trying to tackle weighty questions about the impact of taxes, spending, and debt on our economy and the labor market,” the EPI wrote in its press release. The research doesn’t take into account whether lawmakers have any private sector experience, and researchers admit that it’s possible to educate yourself about the issues. But a formal education they argue, “would certainly help.”

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Showing 3 of 42 comments
Aug 25, 2011 1:22 AM CDT
A study was not needed to know that Congress does not know what it's doing.
Aug 24, 2011 10:32 PM CDT
Garbage in, garbage out.
Aug 24, 2011 9:58 PM CDT
Even IF they had any economic sense, it wouldn't matter because the EVENT that triggered the collapse was when SEC allowed Wall Street to discard the UPTICK RULE on precisely 7JUL07 that allowed unwarrented short selling in a bloated bubble economy wherein short sellers reaped a harvest beyond comprehension- In short, the market is RIGGED, just as we can state unequivocally that "America" is a BIG LIE