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Definitions by Lumberg

Peter Principle 

Description of phenomenon by which the most incompetent members of a given organization will inevitably, inexorably, incomprehensibly rise to the the highest levels of power. In short, a person's responsibilities are inversely related to that person's ability to perform said responsibilities.
George W. Bush's Presidency is the Peter Principle in its most horrible realization.
Peter Principle by Lumberg February 18, 2005