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One of the sadder things about using the family and social connections to obtain higher office is that oftentimes incompetents get positions they really shouldn't have.
Let's consider my Senator, Bob Casey. Here's a guy whose father was former governor of PA: before ascending to the Senate (thanks to a coronation by PA Governor Rendell and NY senator Charles Schumer), Bob Junior was the treasurer for PA and later the auditor general. Yet he voted for the paulson bailout, which any numbnuts with a high school diploma could see wouldn't work. now, casey's office expresses surprise that predictable abuses happened.
in short, family connections and wealth often lead to extraordinarily unqualified people holding positions of power.