Overqualified

Here's proof that you do not need to have a degree in a specific field to climb to the top:

http://www.nytimes.com/2009/06/01/business/01deese.html?ref=politics

This guy (Brian Deese) is 31 years old and still in Law School. Somehow he was appointed to run the Obama administration's car industry fiasco. It's a lofty position, akin to managing entire companies that the so-called "best of the best" couldn't manage to pull off.

Will Mr. Deese successfully handle this job? It depends on how you define success. Since the definition has not been set, we assume that "yes", he will eventually do something to claim success.

However, he has absolutely no experience running a company - not even a small-to-mid sized company. We have no doubt he's smart and tempered, but we'd also be willing to bet that he is not in his position because he understands business, but rather has a solid streak against market-based economics - and thus can be trusted to shek the right hands which keep the auto makers getting out the vote come elections day. His degree and training mean nothing -- and this should be a lesson that once you leave college, it's basically who you know and what you do with it after that. At least that's the lesson we're picking up.

Why else would you put someone who has worked political campaigns in charge of a massive capital allocation project such as this? It surely isn't to return the money to the taxpayers of the United States as efficiently as possible.