Saturday, October 15, 2011

Market Ticker slams the right.

Ouch. Just read this.

9 comments:

KaptKangaroo said...

This has been brought up several times. I honestly think that many do not understand the leverage issue at hand and how GS played such a major role.

The result is "captured government" which I doubt many really want to discuss b/c it is heady stuff.

Ironghost said...

I've been reading about the education bubble for awhile now in the Conservative Sphere. I'm not sure why these guys suddenly got in an uproar over the deal.

"Intentionally", however? I don't recall anyone holding a head to the kids wanting a history degree.

Anonymous said...

I was reading an interview with one of the Occupy Wall Streeters who complained about being $200,000 in non-dischargeable debt for college and was unable to find a job after getting a degree in "jazz flute".

I mean, you can't fix stupid.....

Anonymous said...

Well...FINALLY !!!

2:59 You missed the " jacking up " of educational costs in the piece.

You're right that a student is no longer guaranteed a financial return on his educational investment.

Indeed, a lack of financial return on investment is as true for almost every undergraduate degree these days as it is for the jazz flutist.And, if you also factor in paying for a private school education or even home schooling,the costs to educate one child are staggering. If you want a good return your child to pick a 2 year nursing program!

That is NOT the point of higher education. A society needs to pass along knowledge to the next generation... even musical knowledge.

There is actually a great deal of knowledge about the elements needed for a society to flourish. Concentration of wealth in the hands of a few and a disdain for learning and the arts are not only not among those elements but are factors in the failure of societies.

The factors determining the rise and fall of a society/culture/empire are understood...except apparently by our leaders on both sides of the aisle.

Our " golden age" is gone, perhaps forever, as we don't " get" that a strong, growing middle class, a thirst for knowledge and respect for those who have accumulated knowledge,support of the arts, and " noblesse oblige" are critical elements to success.

How we are spending our wealth should be our focus. Our priorities have really gotten screwed up!

An enormous amount of our wealth is spent on status symbols that have no lasting or investment value. Our ethical framework has changed from " it's not how you win or lose but how you play the game" to " winning is everything"...from The Golden Rule to convenient ethics. We no longer see ourselves as a part of something larger than ourselves.

Our religious leaders aren't focused on warning us of the dangers of the seven deadly sins and humility but are focused on enabling feelings of superiority and a sense of group belonging as churches adopt corporate growth models that cater to making " the customer" feel good about himself. As a result, intolerance of those who don't conform grows and that's another nail in a societal coffin. New ideas need a tolerant environment or else they are never dispassionately evaluated as good or bad.

We are now the model for the decline of a civilization including our military model.

Anonymous said...

Great post 8:49!

You managed to write something so middle of the road that the most hardcore of either political party could hold it up as support of their position.

In fact, if you ever run for office I have a great slogan for you, "CHANGE".

Anonymous said...

uh, 8:49 - 2:59 here. Hard to fathom why you say FINALLY and then that I missed the increase in education costs, since my post specifically was about the high cost of a useless degree. As Frank Zappa pointed out, if you want a good education drop out of school and read a lot of books.

Hard to follow the rest of your long-winded rant, except I guess I agree, except where I disagree. As Yogi Berra said, or should have said, "When you get to a fork in the road, take it") ;-)

Anonymous said...

8:49 - liked it, but you're going to have to pick a side (hint: it's on the right) here. neutral makes people nervous. they want to know you're on their side. i suggest incorporating something about this all being the fault of the lazy, entitled masses, this country losing its Christian values or alluding to race

Anonymous said...

You're right that a student is no longer guaranteed a financial return on his educational investment.

No student has EVER been guaranteed a return on the student loan costs they incurred. NEVER.


The factors determining the rise and fall of a society/culture/empire are understood...except apparently by our leaders on both sides of the aisle.

Yes. And DEBT has been central. NOT whether or not a culture is a home to some small percentage of rich people.


How we are spending our wealth should be our focus.

Wealth? No. Income? Yes. You really are an idiot with this statement. We accumulate wealth. We spend income.


An enormous amount of our wealth is spent on status symbols that have no lasting or investment value.

No. We don't spend wealth. We spend income and in the case of government current and future tax revenues.


We are now the model for the decline of a civilization including our military model.

The model? No. Another historical footnote? Maybe.

Anonymous said...

8:49 - liked it, but you're going to have to pick a side (hint: it's on the right) here. neutral makes people nervous.

NOPE. You're wrong. To hang here you have to make a cogent argument. 8:49 didn't and you less so.



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If you get tired come relax at the Fox News Tent. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both will entitle you to free drinks.Get your tickets now. Since this is an event for trolls, no ID is required, just bring the hate. Bring the family, Trollfest '07 is for EVERYONE!!!

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