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Education Wasted


It's a pity, but Michelle Obama, who attended Princeton and Harvard, learned nothing about the economy in all her years of schooling.

"We left corporate America, which is a lot of what we're asking young people to do," she tells the women. "Don't go into corporate America. You know, become teachers. Work for the community. Be social workers. Be a nurse. Those are the careers that we need, and we're encouraging our young people to do that. But if you make that choice, as we did, to move out of the money-making industry into the helping industry, then your salaries respond."
Barak Obama (part of the "we" in "what we're asking") and his wife evidently think an economy can thrive on teachers, nurses, and social workers. No corporations, you know. Bad, those greedy companies.

Here's an education for her and those who think like her.

  1. An entrepreneur takes the risk of starting a business.
  2. The business finds its market and grows and hires employees, creating jobs.
  3. The employees pay taxes.
  4. Government jobs, like teachers and social workers, are paid with the tax revenue earned within the corporate sector.
I guess Econ 101 wasn't part of her curriculum.

Another fun fact evidently missed: socialism has failed miserably in terms of positive salary growth every time it's been tried. Anyone heard of the thriving economy of the Soviet Union? Cuba? Socialist Germany?

China had to move toward capitalism to make its economy grow. I guess she missed that too.

Hope? Nah...


by Brett Rogers, 2/29/2008 12:35:54 PM


...and change, Brett. Don't forget change.

I need something more to vote on than "hope" and "change". I hope the election doesn't go the way I think it's going to, because, not all change is good.



Posted by Kelly, 2/29/2008 2:31:58 PM

All this "hope" and "change" is going to make us all "broke." Every time I hear him say "change" my cheeks tighten.



Posted by Pale Rider, 3/2/2008 9:40:05 PM

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