Is that a fact?
I don’t think there is a causal relationship between college degrees and bad governance. I will say that most involved in government and politics today are credentialed out the yin-yang, claim these credentials equal wisdom and expertise, and are taking the country in a bad direction.
Most of FDR’s problems when trying to bring the US out of the depression stemmed from him hiring only elite college grads with no real life experience. They were “smart” but also “dumb” and “arrogant”.