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Elizabeth Warren links big corporations and high college tuition costs

Apr. 24, 2012 11:34am

In a new ad airing in Massachusetts, Democrat Elizabeth Warren hopes that slamming corporations like General Electric who avoid paying taxes will win over voters as she tries to unseat Republican Sen. Scott Brown in November:

“I grew up in a family hanging on by our fingertips to a place in the middle class. But back then, America invested in kids like me. We had a lot of opportunities. Today, Washington lets big corporations like GE pay nothing — zero — in taxes while kids are left drowning in debt to get an education. This isn’t about economics — it’s about our values. I’m Elizabeth Warren, and I approve this message because Washington has to get its priorities straight.”

This ad has many problems, the first and most glaring of which is Warren’s accusation that “big corporations like GE” are responsible for mixing Washington’s priorities.  But what she doesn’t mention is her role as a high-ranking official in President Obama’s White House — a place where GE’s corporate donations were happily accepted. Warren’s old boss liked GE so much, in fact, that he named its CEO the head of his jobs council.

Also wrong is Warren’s assumption that Washington is leaving kids “drowning in debt.”  On the contrary, the Obama administration is out campaigning this week for a bill to keep a tight cap on student loans offered by the federal government.  But “investing” in kids like Warren by pumping taxpayer dollars into higher education will not only fail to fix the problem of rising costs, but will likely only compound it by blunting competition that is needed to reign in the world of higher education.  The fact of the matter is that ever-increasing federal subsidies for higher education — which Warren endorses — are part of the problem, not the solution.

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Comments (3)

  • Frankns
    Posted on April 24, 2012 at 10:24pm

    There is no reason for government to finance college education … It creates a complete disconnect between what we need and what is provided. Economically, it creates excess supply of under-demanded talents. I use the word “talents” advisedly.

    One of the more effective reforms we could make would be to transfer all college loan making into the hands of bankers/investors. An individual would have to demonstrate how, specifically, his investor could reasonably expect to see a return on his loan dollars within a reasonable time frame.

    Heck, even the government could do this. But people like Warren are NOT interested in investing in “kids” like her … rather they are interested in promoting a privileged and empty system of higher education that produces little of tangible good to our society.

    I’m not saying you can’t major in English … I am saying that we must teach responsibility and NOT entitlement.

    Report this comment

    Frankns  
  • JimmyP
    Posted on April 24, 2012 at 8:40pm

    Funny thing, Universities average anual price hikes have nothing to do with Washlicktown, if you don;t count the endless blank checks they write for studies that benefit few and produce benefits like the patented and royality ladened “Honey Crisp” apple and military technology that is delivered to the Chilly-willie ChiComs from swifties like Mary Suzie Coal-man from U Mich. So … Arruugghh, I can’t go on…The dum-duh-crats are assulting life on every front. These folk are canabalizing themselves and some of us are stupid enuf to back them.

    Report this comment

    JimmyP  
  • BODYBAG
    Posted on April 24, 2012 at 3:25pm

    “The fact of the matter is that ever-increasing federal subsidies for higher education — which Warren endorses — are part of the problem, not the solution.”

    Bingo.
    Amazing how many dumb people are distracted by the many diversionary tactics used in
    regard to this issue.

    In order to get the right answers, one has to first ask the right questions.

    Q: Why does anyone need a “loan” to attend school in the first place?
    A: Because tuitions are astronomically expensive and beyond reach of most families
    Q: What is the cause of this?
    A: Because they are 100% disconnected from MARKET DRIVEN REALITY

    Stop subsidizing these wealthy elite institutions and let them vie for students
    in the competitive marketplace. Watch tuition rates drop like a stone. Watch as
    young graduates are no longer held hostage their entire lifetimes over government
    loans they never should have needed to begin with.

    God help us throw off the yoke of this evil government quickly.

    Report this comment

    BODYBAG  

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