Okay, enough sarcasm for the moment. Apparently, the Treasury people don’t want mortgage companies to keep their interest rates where they are, and the situation has become so bad that “[t]he Obama administration will crack down on mortgage companies that are failing to do enough to help borrowers at risk of foreclosure, as part of a broad effort to boost participation in its mortgage assistance program.” In other words, more government intervention in the markets. Just what we need. (Note the sarcasm…)

According to Investor’s Business Daily, “To shame loan servicers into doing a better job, Treasury will publish a list in December of those that are lagging.” First they came after Limbaugh, then after Cramer, then AIG and Fox. Now they are coming after mortgage companies. Whatever one’s opinion is of AIG, Limbaugh and the rest that the current administration has personally targeted thus far, it is bad public policy for the president of a democratic republic to go after private citizens and companies like this. Mind you, the mortgage companies haven’t been accused of doing anything illegal (unlike ACORN). They have merely not bowed and scraped to President Obama.

Update: Regarding the title of this post, Jonah Goldberg of NRO says only 10% of the current presidential cabinet has private-sector experience. So maybe the answer is a giant NO. (Big surprise, that.)

Update 2: Goldberg’s information is incorrect. I apologize for the error. Many of the advisors President Obama relies on do have private sector experience- but they’re still wrong. (And the experience is limited…)