This may be so, but will Bain sell off the assets, send any jobs overseas,
leaving nothing behind, and pocket all the money?
It has been for 30 years, I don't know how the system has lasted this long.
What will be interesting is to see how the $Trillion dollar debts all these
children have will be recovered since they had no collateral with the loans.First of all, higher education is not a right and not something everyone
should pursue. The amount of education benefit is basically a matter of IQ that
is varied and different. The education system should go back to a system that
takes this into account by teachers in teaching schools and educaiton children
in K1-K12 grades so everyone can maximize their education. Schools have to go
back to rewarding success and intelligence so they can learn at an earlier age
how they can benefit and help their peers and society.This
perception that every must go to college is devastating young adults financially
and repay these debts they should never have incurred. Our presidential failure
is living proof that college education does not benefit everyone nor beneficial
to society.The only reason Obama is pushing children into financial
debt is to keep them off the job market until after the election.
Esquire. Nice try but fact check says there is no evidence that Bain exported
jobs overseas. Leave that to G.E. that received millions from Obama for
“green energy” jobs and exported more jobs than any other company
making Obama the real job exporter!
Mountain guy., no need to run from reality. Selective amnesia is a Romney
tactic, but the record is clear. Need citations?
@ Esquire. Here is a stark reality for you: According to our own government
census, poverty in America has increased more under the Obama administration and
is the highest since 1965! And still you defend Obama’s policies? As long
as your entitlement checks come in who cares about the rest of us, right?
President Obama was on the right track two years ago when he said our colleges
and universities needed to be "more accountable" with their monies. But
nothing has changed since those words were spoken. The only concrete solution
he has proposed is to temporarily subsidize student loans to keep their interest
rates artificially low.We really do need some outside-the-box
thinking on higher education. So many students think they're going to
college, yet they're paying hundreds and thousands of dollars to take
remedial math classes, for no college credit, to learn what they blew off in
high school. Yes, once again, catering to those we're trying to not
"leave behind" is actually helping to increase the cost of education for
Esquire isn't it nice that some Companies in America make money? What do
they do with earnings? Put it "in their pocket"? Not if they want to
stay in business. They invest the earnings in other companies, new plant and
equipment, hire new employees, pay taxes, etc. Is that not better than losing
money, which requires them to invest less, lay people off and pay less taxes?
Bain's report shines a bright light on the overly high expenses of Colleges
and Universities administrative overhead. Basically, too much resource devoted
to management and to little resource devoted to education. . With the cost
increases in higher education greatly outpacing inflation, it is time to take a
real hard look at how to bring these rising cost down and even if the report is
self profiting for Bain, it is a valuable additional lens to look through at how
this can be accomplished.