June 29, 2012

KA-POW!: The Higher Education Bubble

Posted by gerardvanderleun at June 29, 2012 2:11 PM
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"It is impossible to speak in such a way that you cannot be misunderstood." -- Karl Popper N.B.: Comments are moderated and may not appear immediately. Comments that exceed the obscenity or stupidity limits will be either edited or expunged.

Good video. And this is why I have had some sympathy for the Occupiers, at least the ones who aren't overt Communists.

And they aren't all overt Communists. Many of them are just ordinary young people who have been sold a bill of goods. They were told that they had to have a college education in order to amount to anything. They went heavily into debt in order to finance that education, and nobody bothered to explain to them that a degree in Victimization Studies is worth jack squat in the job market. Not that there is a job market.

Now they're shackled with debt that cannot be discharged in bankruptcy. They're pissed off, and rightly so. They've been had. The trouble is, thanks to their substandard education, they don't know where to focus their anger. And the Communists are ready, willing, and able to take full advantage of that.

Posted by: rickl at June 30, 2012 8:46 AM


Yep, yep and YEP!

Frankly, I'm scared for my children's future, and that of my 14-year-old niece. How in Hell are they going to be able to afford a college education in this kind of bubble? It almost makes me tell them to join the Navy and go on the GI Bill... that is, if it still remains by then.

Let this be a very serious warning for parents of prospective college students. Any degree with Marxism infused into it makes its recipient, for all practical purposes, damaged goods in the job market. I earned one of those Liberal Arts majors and, to be honest, never recovered my investment, even after having my student loan paid off in less than ten years. (It helped that my husband was a Merchant Marine and an Engineer who paid all his student loans after his first four months at sea and made plenty of income to cover for my pitiful paycheck.)

While we're having students here ravishing in Renaissance French Poetry and underwater basket-weaving with lots of Marx and Chomsky, grads in China, Russia and other Asian countries are eating our breakfasts, lunches and dinners in one bite. When the Reckoning comes, plenty of College Professors and Administrators (and lots of colleges) will be sorry they ever pulled this scam on all of us. That time cannot come soon enough.

Posted by: newton at July 1, 2012 3:52 PM

Crickets from legacy media about this mother of all bubbles. Thankfully, our house is headed by a general contractor and our teen daughter may also join the trades if she's willing. Unfortunately young people never think anything bad that happens applies to them.

Posted by: AbigailAdams at July 2, 2012 8:09 AM