Saturday, April 21, 2012

STUDENT LOANS, STUDENT MOANS...


Imagine this.You're in debt up to your assets because you borrowed $200,000 plus to major in Comparative Literature at an elite university. You're out of school now, but after 10 months you still can't find a job. Too bad that you selected a college major that probably will require that you either (1) get a public school teaching credential or (2) get a PhD in your esoteric college major to find work. If you pick Door Number One or Door Number Two, more school and more debt is in your future. According to USA Today:
The amount of student loans taken out last year crossed the $100 billion mark for the first time and total loans outstanding will exceed $1 trillion for the first time this year. Americans now owe more on student loans than on credit cards, reports the Federal Reserve Bank of New York, the U.S. Department of Education and private sources.
The bad news is that a public school teaching job probably won't pay for the fantasy Lifestyles of the Rich and Famous that many of these aspiring academics crave. Good PhD jobs are hard to get and require trudging on an academic tenure track that would make the travails of Sisyphus seem like a piece of cake. Huffington Post columnist, Rich Williams bemoans the fate of poor debtor students:
There's a countdown to an ominous deadline for college students across America. When time runs out on July 1, 2012, student loan interest rates will double for almost 8 million students. Without a plan, millions of students will pay a crushing $5,000 more on their student loan than they otherwise would. 
The above-mentioned USA Today article quotes a finance (good choice of major) graduate student who opined:
"It's going to create a generation of wage slavery," says Nick Pardini, a Villanova University graduate student in finance who has warned on a blog for investors that student loans are the next credit bubble — with borrowers, rather than lenders, as the losers.
Never mind the poor taxpayers that have funded many of these vain fantasies. Nobody ever thinks they might end up taking Door Number Three, a commission sales job to make ends meet. This is where false pride goeth before the fall or, to use a fancy college term, hubris goes down the crapper. Some college graduates simply do not the have the interpersonal skills to succeed in sales and they fail miserably because they think they're good for the job. 
  
If you, or more likely your parents took out private loans or a second mortgage to fund your self-indulgent fantasy of graduating from an "elite" university,  your Mom and Dad might be SOL. And as a result, your parents may not have the comfortable retirement that they had planned for. If you have a government loan, things are not much better.  Interest rates on student loans are scheduled to double this July to 6.8%, roughly what they were in the 1970s, when I went to school. To give you an idea of how different things were back then; banks were paying 6% plus on passbook accounts. No such luck now getting a decent rate of return for your hard-earned money. But the 1970s are beginning to mirror the present day. The 1970s were considered a decade of malaise with the pathetic Jimmy Carter closing out the 1970s with high inflation and a terrible economic growth rate.

But don't worry, Obama's here to save the day and if in the bargain he picks up a few college student votes, so much the better.  Obama wants to keep the rate at 3.4% in a futile attempt recapture the magic of his 2008 campaign, when young skulls full of mush bought into his "hope and change" hokum. Republicans are opposing Obama's proposal because the US cannot afford yet another expensive Obama giveaway.  

Margaret Thatcher had it right when she said, “Socialists are happy until they run out of other people's money.” Obama's need for votes is causing him to kick out the jams when it comes to vote buying schemes.  This is why class warfare scams like the Buffett rule imposing a minimum tax rate of 30% on millionaires originate to pay for this student loan vote buying scheme. To the Senate's credit it was rejected

But there's always Door Number Three. Disgruntled student loan debtors can join the slugs in the Occupy (Bowel) Movement and demand that taxpayers forgive their student loans and their life poor choices.  But why coddle these edumacated idiots and deprive them of the life lesson of thinking before you act. As a friend once told me, life is short unless you make a poor life altering choice. 

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If you're wondering why there's no commentary on Earth Day: (1) I refuse to acknowledge any event that falls on the birthday of that vile Marxist, Vladimir Lenin; (2) I find that most tree huggers that I have met are Eco-Nazis; and (3) I refuse to associate with socialist pigs, which comprise the vast majority of tree huggers.

Wednesday, April 18, 2012

IT'S A MAN BITES DOG WORLD AND BO IS NERVOUS


Just when Democrats thought that they were going to make political hay with the story of how those cruel Romneys drove to Canada with their dog Seamus riding on top of their car; the Lib-fanatics as you'll see below, shot themselves in their collective feet and heads since their feet were lodged firmly in their collective mouths. Some Libtards aligning themselves with Dogs Against Romney, on Facebook, were engaged in attacking Romney's alleged dog cruelty.   Funny thing, these same "kind humanitarians" see nothing cruel in aborting innocent human fetuses.

In an interview with the Romneys, ABC World News Tonight twit, Diane Sawyer, (that's TWIT NOT TWAT you hysterical Liberal harpies), was more than happy to lay the groundwork for yet another faux Democrat issue--animal cruelty. Sawyer acted just as George Stephanopoulos had done earlier with the phony Republican war on women issue that he started during one of the Republican Primary debates that he moderated (sic) . Check out the You Tube video. (Coincidentally, "Step-on-all-of-us" asked Romney this question. Hmm, are they afraid of Romney?) 

Ann Romney explained that their dog Seamus was suffering through a bout of canine diarrhea caused by eating turkey on the counter.  (One does wonder however, about the food handling skills of lifetime homemaker Ann Romney if a turkey was left on the counter long enough to make a hungry Seamus sick.) According to an LA Times Politics piece: 
In an interview with the Huffington Post, Scott Crider, the creator of Dogs Against Romney, showed no indication of being deterred by the candidate's remarks.
"The pack wants answers and, honestly, we keep hoping the Romneys will begin to understand the cruelty and illegality of what they did to their dog. Sadly, the Romneys keep falling short," he said.
Have you ever heard such silly self-righteous indignation?  If this is all they got on Romney then they are a truly pathetic bunch.  What will probably happen now is that they'll fall back on religious bigotry to slander Romney.

Well, they jumped the gun with this attack on Romney, with the revelation that Barack Obama ate dog as a "ute,"  (i.e., youth as mispronounced in the film My Cousin Vinny). This revelation was made over 15 years ago in Obama's autobiography Dreams from my Fathers. Imagine having the hubris to be a person of such little accomplishment and still write an autobiography?

There are some wild conspiratorial theories that the then unknown Obama was a future Manchurian Canine-date (i.e., Candidate, pardon the bad pun) to be installed one day as President of the United States. Read this effusive entry from Wikipedia about Obama's autobiography and judge for yourself:
In discussing Dreams from My Father, Nobel Laureate Toni Morrison has called Obama "a writer in my high esteem" and the book "quite extraordinary." She praised "his ability to reflect on this extraordinary mesh of experiences that he has had, some familiar and some not, and to really meditate on that the way he does, and to set up scenes in narrative structure, dialogue, conversation—all of these things that you don't often see, obviously, in the routine political memoir biography. [...] It's unique. It's his. There are no other ones like that."[31] In an interview for The Daily Beast, author Philip Roth said he had read Dreams from My Father "with great interests," and commented that he had found it "well done and very persuasive and memorable."[32]
The book "may be the best-written memoir ever produced by an American politician," wrote Time columnist Joe Klein.[33] In 2008, The Guardian's Rob Woodard wrote that Dreams from My Father "is easily the most honest, daring, and ambitious volume put out by a major US politician in the last 50 years."[34] Michiko Kakutani, the Pulitzer Prize-winning critic for The New York Times, described it as "the most evocative, lyrical and candid autobiography written by a future president."[35]
The audio book edition earned Obama the 2006 Grammy Award for Best Spoken Word Album.[36] Five days before being sworn in as President, Obama secured a $500,000 advance for an abridged version of "Dreams From My Father" for middle-school-aged children.[37] 
In 2011, the book was placed on Time Magazine's top 100 non-fiction books written in English since 1923.
I don't quite see the conspiracy. Still, why would such a "distinguished" literary group of individuals heap such praise on an relatively unknown politician like Obama? Maybe the DNC propaganda machine sent out a mass-distribution fax to prominent literary Demo-bots saying that Obama's book needed to be chatted up.  Ever since Julian Bond splashed upon the national political scene in 1964, Democrats had been looking for the next big thing, i.e., a young black messiah to lead them out of their political wilderness, i.e., their history of racism.

Unfortunately Obama is a flawed messiah, whose public, academic, and other records are currently suppressed from public scrutiny. One has to wonder why? As this You Tube video shows, Tom Brokaw and Charlie Rose, two prominent Liberal water-carriers admitted that they knew little about Obama in 2008.  But while we don't know his school grades, we do know now that he's eaten dog. We also know that he's not very good at his current job. It's going to take a lot more than "stupid Axelrod tricks"  this time to keep the White House in Democrat control. Just for the record, putting Seamus on top of the family car was a  thoughtless thing to do. You don't get get a pass from me either Willard Romney.