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Thought this was hilarious. Just want to piss off ANT really. :D
http://www.thedailyshow.com/watch/thu-march-3-2011...

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Comments (121)

  • TheKing's picture

    If you don't see the hypocrisy of the right wing right now, you are truly blind.

  • Ske7ch's picture

    Loved it.

    - Bulls make money. Bears make money. Pigs get slaughtered.
    - The harder you work, the luckier you become.
    - I believe in the "Golden Rule": the man with the gold rules.

  • cartman's picture

    lolz pretty funny saw this last night

    i personally think mixing some right wing and left wing ideas together brews the best possible outcome for our country... except given that the reps 'won' the wall street thing and if the dems 'win' this union thing we'll have a mixture but a god-awful worst possible case scenario. mixture.

  • In reply to TheKing
    Gekko21's picture

    TheKing:
    If you don't see the hypocrisy of the right wing right now, you are truly blind.

    Really ,because I think you are the one that is blind.

    The fact that the teachers are public employees and Wall Street is a private company makes all the difference in the world and don't give me that crap about the bailout because I really don't want to get into a debate about it being right and wrong and will only point out that Uncle Sam got paid back with about 20% interest--drop it already. The difference between private and public employees is the same reason no one cares about how much a football player or a movie star makes---it's none of our goddamn business. If you ask me the difference between right and left is how people think. When I was younger , I saw movie stars and rich guys all over TV and I thought "How do I make my own fortune?" A person on the left looks at someone who is rich and thinks "How do I make what's their's mine?"

    The argument about paying bonuses to retain talent was a valid point and also touched on keeping the free market economy with pay. A union stops the free market economy with pay from functioning and forces schools to keep every teacher regardless of skill. Everyone loves to talk about how much teacher pay will be hurt, but did you ever consider the possibiliites.....How shocking that the best teacher in the school might actually receive the largest paycheck or that marginal teachers actually lose their job.

    "Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."

  • rbkchoi's picture

    Hahah sb for this. Thanks for the laugh

    It's what you put into it

  • 09grad's picture

    Loved how it was the same woman (Fox news anchor) arguing for rescinding teacher contracts, but for keeping Wall Street contacts. Major props to the daily show for catching it - you could not make hypocrisy like this up.

  • TNA's picture

    Yeah, because some moronic comedian is who I want to get my news from.

    I love people who shit all over Fox News and then in the same breath will say how they are informed watching comedy central. What a joke.

    Wall Street is a private employer. They generate profits and get to keep some of those profits.

    Teachers are salaried, public workers. They do not generate profits. They teach. Schools are not private companies with investors that demand returns.

    Yawn. Liberal bullshit.

    I honestly wish we would have let all the banks fail. It would be hilarious to see this country descend into the stone age again and all public pensions disappear. I am sure main street would love it with all the bank runs. Also, all the companies that employ main street would be thriving without their LOC's, swaps, etc.

    Man oh man, just think of the good ol days. Everyones 401(k)'s wiped out. So sweet. Main street would be having a party.

    Hey Monkey, try spending some time reading and watching quality material. Comedy Central is garbage and so it Stewart.

  • blastoise's picture

    ant just riped u to pieces OP

  • TNA's picture

    I also love how everyone uses the bailout as if people on Wall Street got away scott free.

    Nothing like two major banks going under, a couple major banks having to be acquired, massive layoffs and slow downs, etc.

    Naa. Wall Street got bailed out. They don't do anything for this country. Teachers pensions are not invested in the market at all.

    Yeah, retired people don't invest in money markets or anything.

    Bankers put guns to the heads of investors and forced them to lie on mortgage contracts or triple leverage their life.

    Dick Fuld personally went into people's houses and held their family hostage until they maxed out their Visa on H2's and plasma TV's.

    I am waiting for Wall Street to be arrested on criminal threats and false imprisonment charges for holding these people against their will or intimidating them.

    It was all Wall Streets fault. Only Wall Street.

    They also do nothing. Companies don't need to go public or raise capital for expansions. Who needs bonds or a liquid market.

  • rebelcross's picture

    I saw the OP and the following comments and was going to say something...then I scrolled down to see Gekko21 and Ant came in and just owned this place...so I'll sit on the side and enjoy.

  • TNA's picture

    This shit blows my mind.

    I would have no problem paying for good teachers. How much money do private school teachers make? No one complains about that.

    Actually, this is pretty interesting.

    Private school teachers produce a much better product, with no unions or pensions. They have a higher salary though.

    How come no one is comparing public school teachers with private ones.

    Public school teachers are producing a shit product. I agree that their job is hard and teaching is miserable, but everyone knows this going in. If you know the facts going in and you still do it, you should be responsible for the product you produce.

    " I knew banking was hard and long, I knew it was intense and what would be required, but now that I am working I want you to pay me XYZ and uphold my contract even though I am doing a shitty job and taking naps, cool?"

  • monkeysama's picture

    I believe this thread is the equivalent of putting a coke in a paint shaker.

    ANT is the can of coke. Don't hurt yourself man :D

  • West Coast rainmaker's picture

    I stopped watching the Daily Show a while ago; now I remember why.

    I am sick of people like John Stewart bashing "bankers" and "Wall Street" when 99% of people on the street had no involvement in the crisis.

    If anyone on the street was responsible, it was the risk management and real estate securitization employees. Even so, blame really should roll down hill in this instance, down to the local branch giving a mortgage to a family that can't repay it, and finally to that family for accepting the loan. Ignorance is no excuse- a home purchase is the largest financial transaction most people ever participate in, so it would only make sense to understand it.

    Not to bash on teachers (a lot of my family members are teachers), but they are not exactly the best and the brightest. If a Harvard grad putting in 100+ hour weeks shouldn't be making 6 figures, who should? On a per hour basis, including benefits, these teachers are probably better compensated than the average IBD analyst.

    Teacher compensation is excessive relative to the other options for those people. Where else can somebody with a BA in Communications in the bottom third of their class at a barely accredited university make 100k all in? Even federal employees don't have it that good.

    Finally, as previous posters said, it comes down to public vs. private. Private firms maximize profit; if they don't, they go under. Public firms are under an obligation to minimize costs. Even if you halved benefits, I seriously doubt these teachers would quit; they would still be better off than anywhere else.

  • TNA's picture

    Dick Fuld also went to college and told kids that if they didn't go into teaching he would kill their whole family. Now that they are in teaching, they cannot leave because they are drugged and forced against their will to stay in their field.

    The US government keeps teachers drugged and restricts their internet access. They also have their fingers broken so they cannot type and update their resumes, thereby preventing them from looking for other careers.

    Teachers are a lot like bankers. Once a banker gets laid off they kill themselves because they can't do other things or possibly change careers.

    It sucks to not have free will or live in a free country :(. One day in America, you will be free to choose your career and if you get into a job you don't like, you will be free to leave that job and do something else. Until America becomes free, teachers will be forced to be shitty at their job, complain about it all the time, yet continually get more and more money.

    One day . . .

  • In reply to West Coast rainmaker
    rebelcross's picture

    West Coast rainmaker:
    Teacher compensation is excessive relative to the other options for those people. Where else can somebody with a BA in Communications in the bottom third of their class at a barely accredited university make 100k all in? Even federal employees don't have it that good.

    Forget Harvard, bottom tier...all that stuff. Just look at the salary figure that you stated + benefits...and now compute this: 40 hours per week (with an abundance of sick days) + 3 full months of full vacation (where they can choose to make a pretty penny or go chase around hookers in Las Vegas.) That is ridiculous compensation for the nature of the work.

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  • TNA's picture

    What I love is how teachers bitch, but keep teaching. Fucking quit and do something else.

    But we love to teach. Cool, stop bitching.

    Also, stop producing retards. Maybe it isn't your fault, but when you are called a teacher and you don't fucking TEACH, there is an issue.

  • In reply to rebelcross
    econ's picture

    rebelcross:
    I saw the OP and the following comments and was going to say something...then I scrolled down to see Gekko21 and Ant came in and just owned this place...so I'll sit on the side and enjoy.

    +1 LOL

  • In reply to Gekko21
    1man2nv's picture

    Gekko21:

    Really ,because I think you are the one that is blind.

    The fact that the teachers are public employees and Wall Street is a private company makes all the difference in the world and don't give me that crap about the bailout because I really don't want to get into a debate about it being right and wrong and will only point out that Uncle Sam got paid back with about 20% interest--drop it already.

    Couldn't have said it any better! But i bet if somebody proposed raising taxes on those very same people to pay those teachers more money all hell would break loose among main street.

    You give me a gift? *BAM* Thank you note! You invite me somewhere? *POW* RSVP! You do me a favor? *WHAM* Favor returned! Do not test my politeness.

  • 1man2nv's picture

    I don't know about you but i would love to have Tenure at my job lol

    You give me a gift? *BAM* Thank you note! You invite me somewhere? *POW* RSVP! You do me a favor? *WHAM* Favor returned! Do not test my politeness.

  • In reply to West Coast rainmaker
    econ's picture

    West Coast rainmaker:
    On a per hour basis, including benefits, these teachers are probably better compensated than the average IBD analyst.

    Good point. I've seen stats that some years IB analysts make less per hour than McDonald's employees...

  • TNA's picture

    Stop it guys. There is hypocrisy somewhere in that video and we all must find it.

    If you can't find it at least just pretend it is there. We don't want to hurt feelings or anything.

  • TNA's picture

    Econ, WTF. There is hypocrisy because Wall Street makes a lot of money and making a lot of money = evil.

    Shhhhh. Comedy Central is akin to the Cato Institute. Shhhhh, people are being informed by Stewart. He has no agenda. Shhhhh.

    Comedy Central > Fox News > BBC > NPP

    Comedy Central is where the educated folk go. Shhhhh.

  • In reply to TNA
    awm55's picture

    ANT:
    This shit blows my mind.

    I would have no problem paying for good teachers. How much money do private school teachers make? No one complains about that.

    Actually, this is pretty interesting.

    Private school teachers produce a much better product, with no unions or pensions. They have a higher salary though.

    How come no one is comparing public school teachers with private ones.

    Public school teachers are producing a shit product. I agree that their job is hard and teaching is miserable, but everyone knows this going in. If you know the facts going in and you still do it, you should be responsible for the product you produce.

    " I knew banking was hard and long, I knew it was intense and what would be required, but now that I am working I want you to pay me XYZ and uphold my contract even though I am doing a shitty job and taking naps, cool?"

    Dude, come on.

    Private schools produce a much better product because they are teaching motivated kids from wealthier families in facilities that are far better equipped. The teachers are a small part of it. How is a teacher supposed to do her job well when 25% of the kids in her class have kids of their own, skip school, have drug problems, are in and out of jail, etc. They just become baby sitters. Is it really their fault if the kids who have no desire to do anything to better their situation do poorly on a standardized tests?

    While I do agree that the system needs to be reformed (specifically the tenure system), I take issue with the fact that the government is taking away collective bargaining rights from citizens. Surely from your libertarian perspective this is the definition of government intrusion and coercion.

    I also take issue with the fact that private citizens (the hyper libertarian Koch brothers) are using their wealth to fund movements and sway government officials to squash unions. This is so incredibly unethical that I am really surprised that you guys support what they are trying to do in WI.

  • TNA's picture

    So you are against Soros and what he does for liberals?

    Also, yes, some private schools have rich kids, but many schools have vouchers now or satellite schools.

    Listen, I agree it is hard, but that is your job. Banking is a bitch also, but you are expected to crank out quality product. All I am saying is that people are free to do other jobs if they want.

    Also, let me say one more thing. I view inner city school teachers different than suburb teachers. The city teachers have some excuse for the kids that come out. The suburban kids should all be decently educated. That isn't the case.

  • In reply to Gekko21
    TheKing's picture

    Gekko21:
    TheKing:
    If you don't see the hypocrisy of the right wing right now, you are truly blind.

    Really ,because I think you are the one that is blind.

    The fact that the teachers are public employees and Wall Street is a private company makes all the difference in the world and don't give me that crap about the bailout because I really don't want to get into a debate about it being right and wrong and will only point out that Uncle Sam got paid back with about 20% interest--drop it already. The difference between private and public employees is the same reason no one cares about how much a football player or a movie star makes---it's none of our goddamn business. If you ask me the difference between right and left is how people think. When I was younger , I saw movie stars and rich guys all over TV and I thought "How do I make my own fortune?" A person on the left looks at someone who is rich and thinks "How do I make what's their's mine?"

    The argument about paying bonuses to retain talent was a valid point and also touched on keeping the free market economy with pay. A union stops the free market economy with pay from functioning and forces schools to keep every teacher regardless of skill. Everyone loves to talk about how much teacher pay will be hurt, but did you ever consider the possibiliites.....How shocking that the best teacher in the school might actually receive the largest paycheck or that marginal teachers actually lose their job.

    You see, you can't say "drop the whole bailout thing, I don't want to hear that crap," that's not how reality works. Again, the bailout is more than just TARP. When are we getting paid back for the backdoor AIG bailout? How about the numerous other programs to absolutely ensure that the banks would make tons of money (TALF, overnight changes to bank holding companies for GS and MS, etc.) But, oh yeah, it's private industry and they picked themselves up by their bootstraps.

    Get the fuck out of here with your fairytale views of the bailouts.

  • 1man2nv's picture

    Watch the movie "Waiting for Superman" you will see all sorts of crazy shxt. Horrible teachers that can't be fired even though that haven't produced a single decent student, teachers who are against pay for performance, after seeing that movie I seriously believe a good amount of these teachers are to blame for the horrible education.

    You give me a gift? *BAM* Thank you note! You invite me somewhere? *POW* RSVP! You do me a favor? *WHAM* Favor returned! Do not test my politeness.

  • In reply to TNA
    mike55555's picture

    ANT:
    So you are against Soros and what he does for liberals?

    Also, yes, some private schools have rich kids, but many schools have vouchers now or satellite schools.

    Listen, I agree it is hard, but that is your job. Banking is a bitch also, but you are expected to crank out quality product. All I am saying is that people are free to do other jobs if they want.

    Also, let me say one more thing. I view inner city school teachers different than suburb teachers. The city teachers have some excuse for the kids that come out. The suburban kids should all be decently educated. That isn't the case.

    Completely agree. Statistically speaking I went to a pretty good high school, I think something like 90% of the students attending went on to pursue some form of higher education. What they didn't include in those statistics, was that half of those students went to a community college, and approximately half the kids attending community colleges either flunk out, or don't transfer to a 4 year school when the time comes. In my eyes, an Associate's degree from a community college, is not much better than a high school diploma.

    Men are so simple and so much inclined to obey immediate needs that a deceiver will never lack victims for his deceptions.

    -Niccolo Machiavelli

  • TNA's picture

    TheKing uses the bail out for everything. Fucking broken record.

    Once again, please help me understand how "bailing out" banks (or as I like to call it, keeping a functional financial system running) screwed main street and helped make bankers rich?

    The whole country would have suffered immensely if the financial sector was allowed to fail. This wasn't a bail out, it was a life saving event.

  • monkeysama's picture

    For the record, I think Soros is a prick. Crashing currencies to make a buck is pretty fucking sick.

  • D M's picture

    Not really related, but the private school I went to (a very good one, though no Phillips Exeter), paid their teachers in general less than public schools by ~25-50%. The upside to their jobs was having the ability to teach students who they knew were smarter and more motivated than at a public school.

    Of course, Department Heads/senior admins were making easily between 150-300k/year.

    "You stop being an asshole when it sucks to be you." -IlliniProgrammer
    "Your grammar made me wish I'd been aborted." -happypantsmcgee

  • alexpasch's picture

    I'm a big libertarian, but you have to be braindead to not see the logic and truth to what Jon Stewart is saying.

    I agree that we should switch teachers to a more pay for performance structure and get rid of the unions (i.e. make them more like private schools). It's actually funny because some European countries with the best academic outcomes actually employ a "public" school system that is actually more "private" than ours (i.e. you don't have to send your kid to the nearby school, you can send them wherever, so that means shit schools get closed, and the teachers fired because no one sends their kids there).

    At the same time though, never bail out Wall Street and end too big to fail. The banks got bailed out not just with the bailout money but also via all this money printing, it's far too simplistic to say "oh we paid the gov. back so don't compare the two". Everyone harps on all the value the Street adds to society. But Wall Street does take advantage of some really big economic rents and market failures that are fixable (but that the political elite doesn't care to fix and sometimes makes them worse as they did with Dodd-Frank).

    Also, while I agree that the rich create value for society; we should also appreciate the fact that society is not perfect. I have seen first hand that not every person who is wealthy created their wealth (inheritances anyone?) or that they didn't have some huge advantages in getting it (i.e. pseudo-wealthy parents that gave them a stable home and good education). I have also seen first-hand how the very wealthy take advantage of their wealth to take advantage of the ideas of others. There is a lot more to wealth creation than just being great at something and adding value via hard work/good ideas. There is not an exact correlation between income and contribution to society. Sometimes you get diluted away and you don't have ownership of the company (or work for someone else), sometimes you're just living off your inheritance, sometimes you just got lucky (lotto, married into it, got promoted to a cushy corporate job were you just live off the real work of others). Sometimes you can capture all of a market just by being slightly better than your competition. Take athletes as an example of a group that has benefitted tremendously from the homogenization of culture/society. Let's say every player died overnight and the league started anew with new players. What would these players make? They'd probably end up making just as much as the old players, because they'd be the next best thing; but are they better? Are they adding the same amount of value (they are the best players avail. but the dead ones were better)? Yes, because the value comes from the entertainment of watching two teams (consisting of the best available talent) duke it out, not from the quality of the play, per se. This is an analogy for corporations as well. It's easy to see how a fair number of people at the top might be living off the fruits of their situation more than adding real value (i.e. their replacements, who currently make much, much less; would do almost as good a job).

    Consultant to a Fortune 50 Company

  • TNA's picture

    Here is the real problem.

    If you want to be a history teacher, you should get a masters in history. These clowns are getting masters in education.

    How about you become educated before you try and educate. Just a thought.

  • In reply to TNA
    1man2nv's picture

    ANT:
    TheKing uses the bail out for everything. Fucking broken record.

    The whole country would have suffered immensely if the financial sector was allowed to fail. This wasn't a bail out, it was a life saving event.

    I mean look what happened when just Lehman went under.....imagine if others followed suit. The gov't has even said letting Lehman fail was a mistake.

    You give me a gift? *BAM* Thank you note! You invite me somewhere? *POW* RSVP! You do me a favor? *WHAM* Favor returned! Do not test my politeness.

  • In reply to monkeysama
    alexpasch's picture

    monkeysama:
    For the record, I think Soros is a prick. Crashing currencies to make a buck is pretty fucking sick.

    Like woah dude, get the hell out of finance if you don't see that what Soros did was a SERVICE to society. Correcting mispricings in the market provides the market with more accurate information and allows for optimization of the allocation of goods and services. What Soros did is a good thing; you can argue that a lot of things in the finance world are shady, but profiting by identifying and correcting mispricings is not one of them.

    For example, if more people had shorted the housing market sooner, the bubble wouldn't have been as big and a lot of poor saps would still own their house today instead of being in a financial hell and/or homeless. So, would those that profited be "sick" or would they be providing a service to society by correcting the mispricing and not having people go house crazy? In much the same way, if Soros hadn't done what he did, the Pound would have gotten even more mispriced and the eventual damage done would have been far greater.

    Consultant to a Fortune 50 Company

  • In reply to awm55
    txjustin's picture

    awm55:
    ANT:
    This shit blows my mind.

    I would have no problem paying for good teachers. How much money do private school teachers make? No one complains about that.

    Actually, this is pretty interesting.

    Private school teachers produce a much better product, with no unions or pensions. They have a higher salary though.

    How come no one is comparing public school teachers with private ones.

    Public school teachers are producing a shit product. I agree that their job is hard and teaching is miserable, but everyone knows this going in. If you know the facts going in and you still do it, you should be responsible for the product you produce.

    " I knew banking was hard and long, I knew it was intense and what would be required, but now that I am working I want you to pay me XYZ and uphold my contract even though I am doing a shitty job and taking naps, cool?"

    Dude, come on.

    Private schools produce a much better product because they are teaching motivated kids from wealthier families in facilities that are far better equipped. The teachers are a small part of it. How is a teacher supposed to do her job well when 25% of the kids in her class have kids of their own, skip school, have drug problems, are in and out of jail, etc. They just become baby sitters. Is it really their fault if the kids who have no desire to do anything to better their situation do poorly on a standardized tests?

    While I do agree that the system needs to be reformed (specifically the tenure system), I take issue with the fact that the government is taking away collective bargaining rights from citizens. Surely from your libertarian perspective this is the definition of government intrusion and coercion.

    I also take issue with the fact that private citizens (the hyper libertarian Koch brothers) are using their wealth to fund movements and sway government officials to squash unions. This is so incredibly unethical that I am really surprised that you guys support what they are trying to do in WI.

    I take a major fucking issue with unions extorting money from their members then using it to get Democrats elected. These same Democrats that get elected and then are owned by the unions. Talk about unethical...

  • In reply to TNA
    TheKing's picture

    ANT:
    TheKing uses the bail out for everything. Fucking broken record.

    Once again, please help me understand how "bailing out" banks (or as I like to call it, keeping a functional financial system running) screwed main street and helped make bankers rich?

    The whole country would have suffered immensely if the financial sector was allowed to fail. This wasn't a bail out, it was a life saving event.

    I find it funny how you are so quick to drop names like "liberal" but are a staunch defender of the bailouts and so willing to look past all the extra special treatment the TBTF banks and friends were given and how many of the programs went beyond TARP and we will never see a dime of that.

    I bring up the bailouts again and again because the richest of the rich were given (and are still given) every possible advantage to keep and grow their wealth by any means necessary regardless of what they had done - no lessons were learned other than "if you do something bad, the government will bail you out, so keep on doing it and get rich in the mean time." The fallacy that the economy would have been destroyed beyond recognition if we hadn't bailed out Goldman and Morgan Stanley is total horse shit. But, let's continue shilling for the banks as though we get paid to do it.

    Dick Fuld walks away with $400 million after helping to crater the economy, meanwhile, we're on here arguing about "spoiled" teachers. Wait, what? I'm not saying that the teachers unions deserve their benefits or are even right, I'm saying that some very real, very serious problems were overlooked and brushed under the rug.

  • In reply to TNA
    awm55's picture

    ANT:
    So you are against Soros and what he does for liberals?

    Also, yes, some private schools have rich kids, but many schools have vouchers now or satellite schools.

    Listen, I agree it is hard, but that is your job. Banking is a bitch also, but you are expected to crank out quality product. All I am saying is that people are free to do other jobs if they want.

    Also, let me say one more thing. I view inner city school teachers different than suburb teachers. The city teachers have some excuse for the kids that come out. The suburban kids should all be decently educated. That isn't the case.

    You really think it is the teachers fault? You cannot write off home life, parents income level, parents education level, divorce, lack of motivation, crime, drugs, etc etc.

    Motivated kids will do well no matter what school they go to, if the kids are not motivated and don't want to learn then you seriously are shit out of luck. How do you assess teachers when they were dealt with a shit deck of cards? You can't assess them on students grades, standardized test scores, etc because it is largely not their fault if the kids don't give a fuck.

  • In reply to TNA
    econ's picture

    ANT:
    Econ, WTF. There is hypocrisy because Wall Street makes a lot of money and making a lot of money = evil.

    Shhhhh. Comedy Central is akin to the Cato Institute. Shhhhh, people are being informed by Stewart. He has no agenda. Shhhhh.

    Comedy Central > Fox News > BBC > NPP

    Comedy Central is where the educated folk go. Shhhhh.

    Haha! ANT, seriously man, I can't imagine what this forum would be like without you.

  • In reply to awm55
    econ's picture

    awm55:
    Dude, come on.

    Private schools produce a much better product because they are teaching motivated kids from wealthier families in facilities that are far better equipped.

    Caroline Hoxby's research on charter schools and vouchers begs to differ...

  • TheKing's picture

    Two things to add:

    1.) You don't need to be anti-bailout to see the hypocrisy here. Unless of course you wear partisan politics horse blinders like our friend ANT.

    2.) The idea that the bailouts were essential to "save the economy" is total horse shit. Here is a fairly concise article which sums up some high level points as to why it wasn't. Or, at the very least, why a program could have been deployed that stabilized the economy without bailing out (and growing) the TBTF banks. http://news.firedoglake.com/2010/07/05/was-tarp-ba...

  • TNA's picture

    So wait.

    Teachers are paid to teacher. When the kid comes out and goes to Harvard it is because of good teachers.

    When the kid is a retard it is because of parents.

    If parents and a good home life are what matters why pay teachers at all?

    Their salary is to make a difference, not just come up with excuses.

    @King - You are right. Dick Fuld making 400MM is complete bullshit. I am cool with allowing one douche bag to get paid so that the entire country can have a functioning banking system.

    It was a bail out of the USA. All the banks would have collapsed and there would have been a run on the banks. The money markets would have broken the buck and massive withdrawals would have crippled the funds. How this is only benefiting Wall Street, the same place that lost 2 major IB's, 2 major commercial banks as well as countless jobs, all magically benefited is beyond me.

    The loans were paid back. The government made money and the US consumer benefited.

    FYI, we cannot function without a financial sector.

    That is like arguing the bailing out the medical sector only benefited rich doctors while glossing over the fact that if all the hospitals closed, people would die.

  • In reply to TheKing
    awm55's picture

    TheKing:
    Two things to add:

    1.) You don't need to be anti-bailout to see the hypocrisy here. Unless of course you wear partisan politics horse blinders like our friend ANT.

    2.) The idea that the bailouts were essential to "save the economy" is total horse shit. Here is a fairly concise article which sums up some high level points as to why it wasn't. Or, at the very least, why a program could have been deployed that stabilized the economy without bailing out (and growing) the TBTF banks. http://news.firedoglake.com/2010/07/05/was-tarp-ba...

    These threads always turn into one big libertarian circle jerk. The few people with even slightly moderate views always get flamed on.

  • In reply to awm55
    econ's picture

    awm55:
    Motivated kids will do well no matter what school they go to, if the kids are not motivated and don't want to learn then you seriously are shit out of luck. How do you assess teachers when they were dealt with a shit deck of cards? You can't assess them on students grades, standardized test scores, etc because it is largely not their fault if the kids don't give a fuck.

    That's obviously true to some degree, but I think it's exaggerated to excuse shitty teachers: http://www.youtube.com/watch?v=Bx4pN-aiofw (there's a great example of a student who's failing, his teachers give those lame excuses, 20/20 pays for him to hire a private tutor, and miraculously he learns...)

  • alexpasch's picture

    I remember once viewing a lil documentary on this guy who went to teach at an inner city school and taught the kids about running your own business and how to make money and how the world works. He taught kids that you could make money if you applied yourself and you could make more. For example, one of those kids opened a small radio station/music studio because he realized he could monetize his love for music and make a decent living.

    I've always thought that give me pencils, paper, and calculators, and I can make any group of kids good enough to go to a good college. Teaching is not about knowing material, it's about motivating students to learn material. Most students are unmotivated because they don't see the value in what they're learning or feel like they're screwed from the start. In fact, schools need to unteach this "learned helplessness" just as much as they need to teach academic material.

    Consultant to a Fortune 50 Company

  • TNA's picture

    Yup, I am partisan.

    Who needs banks. Who needs a financial sector. Everything was fine, no other banks were going to collapse.

    Is this a forum of college educated people or two year olds. This shit blows my mind.

    Lehman
    Bear
    ML
    Wachovia
    WaMu
    AIG
    Fannie
    Freddie
    Citi
    BoA

    All of those would have failed. If you think all of those firms would not have brought down all the rest you are out of your mind.

    Losing everyone of those firms would have caused massive runs on the banks, all banks. the government's FDIC fund could not backstop all of that. Emergency money would have had to been authorized.

    Either way you baill someone out. Except by bailing out the banks you keep a vital portion of the economy.

    But your right, fuck it. Let it all collapse because we don't want Fuld to get $400MM. That is mature thinking.

  • TNA's picture

    Yeah, libertarian jerk off.

    Yeah guys, sorry for promoting liberty. I am an evil Fascist.

    Why can't you all be more "moderate" and just do what I tell you to do.

  • In reply to TNA
    awm55's picture

    ANT:
    So wait.

    Teachers are paid to teacher. When the kid comes out and goes to Harvard it is because of good teachers.

    When the kid is a retard it is because of parents.

    If parents and a good home life are what matters why pay teachers at all?

    Their salary is to make a difference, not just come up with excuses.

    @King - You are right. Dick Fuld making 400MM is complete bullshit. I am cool with allowing one douche bag to get paid so that the entire country can have a functioning banking system.

    It was a bail out of the USA. All the banks would have collapsed and there would have been a run on the banks. The money markets would have broken the buck and massive withdrawals would have crippled the funds. How this is only benefiting Wall Street, the same place that lost 2 major IB's, 2 major commercial banks as well as countless jobs, all magically benefited is beyond me.

    The loans were paid back. The government made money and the US consumer benefited.

    FYI, we cannot function without a financial sector.

    That is like arguing the bailing out the medical sector only benefited rich doctors while glossing over the fact that if all the hospitals closed, people would die.

    Man, you aren't making any sense. You said it yourself, teachers are paid to teach, that is it. They are not paid to babysit scumbag delinquent children from families who don't instill their children with a sense to better their situation via education. As long as they are teaching the kids who want to learn (and are teaching them to the best of their ability), then they are doing their job.

    The kids who want to learn and do well normally do. I honestly think it's rarely the teachers fault when a kid doesn't make it. There are always anecdotal stories about kids from broken homes with lazy drug addicted parents doing well, but it is rare. Many kids have their fate sealed at birth, I don't think it is the teachers fault.

  • TNA's picture

    $400MM that we tax at the top tax bracket and then re-distribute to main street.

    Everyone hates WS, but WS pays the federal budget. Not main street.

  • In reply to TNA
    TheKing's picture

    ANT:
    So wait.

    Teachers are paid to teacher. When the kid comes out and goes to Harvard it is because of good teachers.

    When the kid is a retard it is because of parents.

    If parents and a good home life are what matters why pay teachers at all?

    Their salary is to make a difference, not just come up with excuses.

    @King - You are right. Dick Fuld making 400MM is complete bullshit. I am cool with allowing one douche bag to get paid so that the entire country can have a functioning banking system.

    It was a bail out of the USA. All the banks would have collapsed and there would have been a run on the banks. The money markets would have broken the buck and massive withdrawals would have crippled the funds. How this is only benefiting Wall Street, the same place that lost 2 major IB's, 2 major commercial banks as well as countless jobs, all magically benefited is beyond me.

    The loans were paid back. The government made money and the US consumer benefited.

    FYI, we cannot function without a financial sector.

    That is like arguing the bailing out the medical sector only benefited rich doctors while glossing over the fact that if all the hospitals closed, people would die.

    Right, because TARP (and all the other goodies you brush under the rug) is the only way we could've maintained an economy. You probably would've signed off on TARP after getting the bullshit 3-page memo from Paulson. You fear-mongering, big government liberal.

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