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Guest Post: Insignificant Significance Of The “47%” Videos

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Submitted by Ben Tanosborn

Insignificant Significance Of The “47%” Videos

What needless uproar; what absurd battle of wits among clueless pundits lacking the most rudimentary knowledge of both logic and arithmetic; what a sad picture of blatant ignorance of the true makeup of America’s electorate; what an embarrassing moment for anyone who believes in democracy… or a reasonable facsimile thereof.

Even the most influential and loquacious pundits-journalists, on both Democrat and Republican sides, should be caricatured with profiles of extreme ignorance.  Among them, front and center, Peggy Noonan, a conservative commentator for the Wall Street Journal, who just upgraded, or is it downgraded, her criticism of the Romney camp from incompetent to rolling calamity.  But she is not alone; experts from the right and from the left fall prey to the same medicine man of old; the charlatan sporting the name tag: Numerical Misinterpreter.  We know him well, yet we let him fool us with his deceiving preacher’s verbosity, and circus antics, time and time again.

Ok, so Mitt Romney was caught on video dismissing the lion’s share of the hoi polloi, those who take from the government’s coffers instead of helping to fill them.  A number was thrown identifying, some would say badmouthing, 47 percent of the electorate as moochers, by implication if not name; a questionable number perhaps but, for our intent and purposes, inconsequential.  It could be 45, or perhaps 50, but it matters little or not at all; so we’ll take 47, as the chosen prime number.

It isn’t much of a secret that preppy Mitt and his cohorts in the money-influence circles view with animus that 80 percent of Americans below the Knight (1%) and Squire (19%) ranks, those who might be considered either poor or part of the fast-disappearing middle class; an antipathy which turns into disdain when it comes to that lowest 47 percent.  But that arch-conservative moneyed group, one we have been referring to as the Thug-elite, also knows, and knows very well, that it needs to enlist some of those hoi polloi to either vote for the masters, the holders of most wealth and power, or to not vote at all.  No, Mitt Romney committed one lapsus linguae, a faux pas of sorts for sure, but nothing so serious that will cost him many votes, certainly not the election as so many liberal talking heads would make their followers believe.

After the financial debacle caused by a thieving and uncontrolled Thug-elite (banksters, Wall Street, moneyed interests), helped in part by a society ready to be courted by its very own ugly greed, this time in real estate, one would think the electorate would have economics as the prime, if not the sole focus when casting a ballot in this next presidential election.  And that would entail castigating politicians, or parties, who could be justly blamed for such debacle and for embracing globalization without a viable plan for those Americans who would be left behind without living-wage jobs; while rewarding politicians, or parties, who offer a reasonable way out, not just of the present mess we are in, but of the impending uglier mess which looms in the horizon.  But that would be taxing reality in a nation which has failed to charge Wall Street criminals, for the most part Republicans; in a nation where Bill Clinton, the godfather of American globalization, continues to be held in high esteem by a clueless Democrat party.

The old saying that Americans vote their pocketbooks may hold true in part and at specific times, but given today’s socioeconomic makeup, it is a myth.  A far more accurate, if unsavory, saying would be: Americans vote their prejudices.  And that’s why Romney’s gaffe doesn’t write off that bottom of the economic barrel 47 percent.  Yes, those 47-ers may have poverty as their common denominator, but a third or more of them will be voting their religious prejudice (still claiming Obama is a Muslim); or their racial prejudice (hate for blacks); or simply their prejudice-of-choice (abortion, homosexuality, etc.); or simply their ignorance.  No, we can be certain that the cost to Romney in voters will be insignificant.

The only issues which are truly significant for a candidate to the presidency this time around are: (1) the ability to obtain plenty of money – at whatever cost – in order to saturate the airwaves with half-truths and lies; (2) the commitment to a military budget as large as that of the rest of the world combined; (3) a strong, unequivocal anti-Muslim predisposition; (4) the pledge of total commitment to Israel in every action it takes, right or wrong, specifically involving Palestine and Iran; and, (5) the promise that the mythical American Dream is alive and well, that jobs will appear and multiply as loaves and fishes did in the accounts of the Bible’s New Testament.

And come this next election, the most believable, or least disliked, of the two lying candidates will become president of the United States of America… to our detriment, and that of the world.

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Sat, 09/22/2012 - 13:55 | 2820544 LMAOLORI
LMAOLORI's picture

 

 

"But that would be taxing reality in a nation which has failed to charge Wall Street criminals, for the most part Republicans;"

If you want to be viewed as a serious author you should get your facts straight.

Financial Fraud Conviction Scorecard:

 

CONVICTED: Bush 1300+, Clinton 1000+, Obama 0.0 (+/-)

Oh and race baiting 101 to top it off.  Is that you obama???

 

Sat, 09/22/2012 - 14:09 | 2820591 blunderdog
blunderdog's picture

That headline isn't any more true today than it was yesterday, when I pointed out it's worth checking the footnotes.  I'm forced to conclude you're officially a liar.

Sat, 09/22/2012 - 14:22 | 2820609 LMAOLORI
LMAOLORI's picture

 

 You can't handle the truth blunder wrong

 

Financial Fraud Conviction Scorecard:

Bush: 1300+, Clinton: 1000+, Obama: 0.0 (+/-)

Meanwhile, not a word of complaint from a single Democrat in Congress, which is especially infuriating given the broad bi-partisan agreement among voters that criminal bankers need to do time.  Too concerned with keeping up appearances and the next election cycle, neither side of the false left-right paradigm of American politics is capable of exposing its own filthwhen it comes to legitimate scandal, and this DOJ non-prosecution madness involving Goldman Sachs certainly qualifies as sordid.

Unfortunately, since it appears to the mainstream media that this is a partisan issue, and Obama is the anointed one, this story will get zero coverage.

---

DOJ Corruption Report via The Daily Caller

Excerpt:

“When we think of cronyism and the problems of cronyism and crony capitalism, we think in terms of economic loss and gain,” Schweizer said in a phone interview.  “What we’re showing here is that cronyism is now permeating our justice system.  So, it’s not just a question of dollars and cents, it’s a question of whether you’re going to face legal jeopardy or not on what you’re doing.”

“The issue of a revolving door — people who go in and out of, for instance, the Department of Energy who go work for energy companies then come back to the Department of Energy — is always there,” Schweizer added.  “But, we’re not used to associating the top leadership of the Justice Department with the revolving door.  And, I think that’s what makes this so troubling — because you can’t trust them.  All their financial interests are tied up with these large firms that do an enormous amount of business with Wall Street.”

In the report, GAI details how the George W. Bush and Bill Clinton administrations both actually took down financial criminals — unlike the Obama administration.  Between 2002 and 2008, for instance, GAI points out how a Bush administration task force “obtained over 1,300 corporate fraud convictions, including those of over 130 corporate vice presidents and over 200 CEOs and corporate presidents.”

Clinton’s DOJ prosecuted over 1,800 S&L (savings and loans) executives, senior officials, and directors, and over 1,000 of them were sent to jail,” GAI adds.

But, despite having “promised more of the same,” especially in the wake of the 2008 financial crisis, the Obama administration’s DOJ has not brought criminal charges against a single major Wall Street executive.

The Bush and Clinton administrations’ track records on prosecuting white-collar crime, and the Obama administration’s failure to do so, Schweizer said, is “evidence that this has less to do with some sort of partisan or philosophical issue.”

---

Here's a blurb on Bush Sr. directly from the GAI report:

William Black, an associate professor of economics and law at the University of Missouri, Kansas City, and former financial regulator who tackled the S&L crisis in the 1980s, noticed a difference in priorities between the federal government’s responses to the two crises.Black, a Democrat, notes the difference in priorities between the current administration and that of President H.W. Bush. He explains, “The first President Bush’s orders were to get the most prominent, nastiest frauds, and put their heads on pikes as a demonstration that there’s a new sheriff in town.” Black and other federal regulators handled the S&L crisis by securing a 90 percent conviction rate on over a thousand prosecutions.  Black bemoans the lack of “serious investigation of any of the large financial entities by the Justice Department, which includes the FBI.”

 

Read the full report on DOJ corruption...

via http://dailybail.com/home/convicted-bush-1300-clinton-1000-obama-00.html

more at link like this

 

Five Senior Goldman Sachs Execs Gave $130K To 'Obama Victory Fund' WHILE Eric Holder Was Deciding Whether To File Criminal Charges

and there is also this

Nearing end of term, Obama’s snared no big Wall Street fish

http://www.mcclatchydc.com/2012/09/20/v-print/169183/nearing-end-of-term-obamas-snared.html

 

Department of Broken Promises: Obama Closes Door on NAFTA Renegotiation

http://www.blackagendareport.com/?q=content/department-broken-promises-obama-closes-door-nafta-renegotiation

 

 

 

Sat, 09/22/2012 - 14:57 | 2820706 blunderdog
blunderdog's picture

It doesn't matter how many times you copy the links.  Your "headline" is a LIE.  The SOURCE for the information quoted in the article proves it.

It's one thing if I'd gone and looked up other sources--then you could quibble about the accuracy, or whatever.  But when the SOURCE of your article's information contains data that refutes the claim, you may as well give it up and go home.  Whoever wrote the Daily Bail article is a liar.  I assumed you just weren't smart enough or motivated enough to learn this for yourself, so I pointed it out for you.

Now, despite knowing that the statistics quoted don't match the statistics from the source, you STILL pretend your article is accurate.  It's kinda pathetic.

Footnote 6 from the "Justice Inaction" report once again, in case there's anyone out there who hasn't snapped to your game yet: http://trac.syr.edu/tracreports/crim/267/

The greatest thing going for the tabloids is they know their readers will never bother CHECKING anything.  Congrats on proving them correct, dumbass.

Sat, 09/22/2012 - 15:19 | 2820740 Bring the Gold
Bring the Gold's picture

.

Sat, 09/22/2012 - 15:36 | 2820785 dudebum
dudebum's picture

Funny that LMAOLORI didn't respond to that link....

Sun, 09/23/2012 - 03:03 | 2821569 scaleindependent
scaleindependent's picture

 

 

   Lmaolori, I  would appreciate your retort to blunderdog's comment : "Footnote 6 from the "Justice Inaction" report once again, in case there's anyone out there who hasn't snapped to your game yet: http://trac.syr.edu/tracreports/crim/267/"

 

 

Sat, 09/22/2012 - 15:16 | 2820753 Bay of Pigs
Bay of Pigs's picture

Why are you posting this on different threads? What's your agenda?

Defending the Bush and Clinton administrations? LOL.

Sat, 09/22/2012 - 16:10 | 2820824 blunderdog
blunderdog's picture

Maybe he works for the Daily Bail's ad-traffic department and they're trying to meet a delivery SLA?

Sat, 09/22/2012 - 14:23 | 2820624 AldousHuxley
AldousHuxley's picture

When Indian-Americans, Mexican-Americans, chinese-Americans, African-Americans, Russian-Americans, Brazilian-Americans, Canadian-Americans, Swedish-Americans, Australian-Americans.....basically all recent immigrants who came to America for a better future realize that their relatives back in the home country are getting richer faster, then that's when middle class collapses and America is left with

  • top 1%
  • ghetto ungovernable welfare class
  • lazy 3-10th generation proud to be bad at math entertainment obsessed "Americans" no good except soldiers to kill others or government jobs

 

Think about it....America sucks for middle class....good for underclass and upper 0.1%.

 

Underclass: cheap stuff, cheap food, plenty of government/military jobs

Top 0.1%: bernanke/greenspan put to keep the wall st. ponzi going, don't need jobs, low capital gains taxes, import whatever they want

Middle class: expensive good education, outsourcing, foreign labor import at every job category, most taxed, most overworked, most exploited, expensive quality stuff, expensive quality food, lack of private sector professional jobs

Sat, 09/22/2012 - 14:39 | 2820673 dark pools of soros
dark pools of soros's picture

only health care type stuff won't get outsourced but they have to find the rich clientel or survive the insurance redtape and still make a profit

 

that's why half of all groupons are for massage therapy.. they just trying to get anyone to pony up since insurance doesn't pay for that..  and things like chiropractors, the insurance money they get is pretty crap

so prostitution and drug dealing will soar as less and less honest working folk exist

Sun, 09/23/2012 - 02:28 | 2821536 ceedub
ceedub's picture

How is drug dealing or prostitution not honest work?

Providing a service that is obviously wanted seems like a good way to survive to me.

Sun, 09/23/2012 - 04:44 | 2821618 AldousHuxley
AldousHuxley's picture

Intuitive Surgical, Inc. (Intuitive) designs, manufactures and markets da Vinci Surgical Systems and related instruments and accessories. A da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s natural hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions, or ports. The da Vinci Surgical System is designed to provide its operating surgeon with intuitive control, range of motion, fine tissue manipulation capability and three dimensional (3-D), high-definition (HD) vision while simultaneously allowing them to work through the small ports of minimally invasive surgery (MIS).

ISRG surged from <$100/share few years ago to $500+ now

 

surgery robotics will make healthcare outsourcable.

 

 

Sun, 09/23/2012 - 05:37 | 2821651 Parrotile
Parrotile's picture

Minimally invasive surgery = lower "on Table" costs, and faster / less costly recovery times.

Since in essence all surgical procedures can be reduced to programmable algorithms (sorry to all you Surgeons out there, but remind me, how do you "learn" the trade again??) inevitably we WILL have automated / autonomous systems that can "do the job" as well as any human surgeon, and will be able to "do the job" reliably, and safely, 24/7 if necessary.

Before we get deluged by the obvious now "but people are all subtly (and sometimes not so subtly) anatomically different" rants, this is where fuzzy logic comes in - and machines are really quite good at "recognising" unusual configurations and adapting to them right now.

The argument now is that machines can't YET develop innovative procedures, or can they? There's plenty of evidence all over the "Net of "dumb machines" being not that dumb at all, and just how many "Surgical innovations" are simply minor tweaks?

Whether we like it or not truly robotic, autonomous control surgery WILL happen, and the advantages will be significant especially from the Patient's viewpoint.

This presumes that we don't start WW3 in 2013 of course; in such a scenario all bets are off.

Sat, 09/22/2012 - 14:19 | 2820614 NorthenSoul
NorthenSoul's picture

To those who gave a minus to LMAO post,

Sorry but Obama Administration has the LOWEST number of financial crime prosecutions since at least 1990; it is a fact, period, end of discussion. And that, at a time where fraud is more pervasive than ever, unless you are stupid enough to believe the CRA and Fannie did all that by themselves.

http://www.ritholtz.com/blog/2011/11/bank-fraud-prosecution-continues-to...

BTW, it's very hard to get a prosecution when the Head of Criminal Division of the DOJ in person REFUSE to prosecute corporations AND SAY SO PUBLICLY:

http://www.nakedcapitalism.com/2012/09/marcy-wheeler-lanny-breuer-admits...

The remedy is so simple: a iron clad constitutional Amendment stripping corporations of their fraudulent "personhood" status (Do corporations go to Hell? Can they be executed for murder? Res ipsa loquitur) and strictly publicly financed elections.

Sat, 09/22/2012 - 14:45 | 2820686 chunga
chunga's picture

No matter who "wins" the fake election; the downward trend of prosecutions will likely remain the same.

Although people often bemoan political apathy as if it were a grave social ill, it seems to me that this is just as it should be. Why should essentially powerless people want to engage in a humiliating farce designed to demonstrate the legitimacy of those who wield the power? In Soviet-era Russia, intelligent people did their best to ignore the Communists: paying attention to them, whether through criticism or praise, would only serve to give them comfort and encouragement, making them feel as if they mattered. Why should Americans want to act any differently with regard to the Republicans and the Democrats? For love of donkeys and elephants?

Orlov, Dmitry (2011-05-31). Reinventing Collapse

Sat, 09/22/2012 - 16:03 | 2820816 toady
toady's picture

That's a good one. Couldn't agree more!

Sometimes I think the never-ending election cycle is a construct to keep the public interested, or at least confused and infighting.

It doesn't matter who wins, the next day the losers will start obstructing and the winners will start campaigning for reelection.

The only thing worse is when one group has majorities across the board. That's when the spending REALLY gets crazy!

Sat, 09/22/2012 - 18:12 | 2820997 blunderdog
blunderdog's picture

Perhaps you misunderstand the reason for the downvotes.

OBVIOUSLY this administration hasn't been making any real effort to prosecute financial fraud, but do you really want to encourage mindless spambots to shit links to false tabloid journalsim all over these threads?

Jeebus, I come to ZH to get AWAY from the idiocy of the mainstream press.  Why do people insist on dragging that garbage into the pages here, rather than just having a *conversation*?

Sun, 09/23/2012 - 13:43 | 2822342 Questan1913
Questan1913's picture

Blunderdog

 

Their intent is very clear..to disrupt the comments section by preventing any meaningful discussion of this blogs articles.  They are employed to do so. That you and so many others can not see this is really quite amazing.  That you respond to these comments as if they were legitimate is rather sad. 

Sun, 09/23/2012 - 13:57 | 2822378 blunderdog
blunderdog's picture

You may be right.  It could be a conspiracy kinda thing.

He may also just be an idiot who is trying to do his best to prevent Obama's re-election. 

In either case: if shining a bit of light on the process results in effective exile here, at least he'll have to go create another account, and generally, the "2 weeks old and counting" commenters are ignored.

Sat, 09/22/2012 - 14:43 | 2820682 Azannoth
Azannoth's picture

"..Yes, those 47-ers may have poverty as their common denominator, but a third or more of them will be voting their .. prejudice" correct on that 1 but 180° wrong on which way this prejudice goes

It all about demographics and social-strata, everybody who is a taker will vote Mr. Hope&Change and all the (tax)payers will site at home or vote for Mr. Smooth-Talker(/sarc) guess who has the numbers

Mitt didn't have enough votes to pull this off in the 1st place, now he alienated another 10% of the electorate, it's game over for him

Sat, 09/22/2012 - 13:49 | 2820545 NorthenSoul
NorthenSoul's picture

"A far more accurate, if unsavory, saying would be: Americans vote their prejudices."

Combine that with the fact that 45% of potential voters never bother to do so and it cannot come as a surprise that "this sucker is going down" to borrow a famous say from President GW Bush.

I guess that inflamed prejudices is a great motivator to go to the voting booth!

Sat, 09/22/2012 - 13:52 | 2820552 francis_sawyer
francis_sawyer's picture

Yeah... Fine... Ben Tanosborn... (whoever the fuck you are)...

& you are CLEARLY "voting [WITH YOUR] prejudices"... Here... FUCK OFF...

Sat, 09/22/2012 - 13:52 | 2820554 williambanzai7
williambanzai7's picture

That five point election schematic seams about right.

Sat, 09/22/2012 - 13:54 | 2820563 AnAnonymous
AnAnonymous's picture

More of 'american' fabled past: usual bit, globalization.

Living wages? A by product of 'american' economics.

It holds little in the way 'americans' imply with the last four decades on the several hundreds years old process of globalization.

Sat, 09/22/2012 - 13:57 | 2820570 akak
akak's picture

SHUT THE FUCK UP

Sat, 09/22/2012 - 14:34 | 2820659 PiratePawpaw
PiratePawpaw's picture

More Concise than your usual comments to our little ChiCom friend. I was expecting something like:

"More from AnAnons fabled lightning powered rickshaw.....holding little in the way of reality or logic..."

Sat, 09/22/2012 - 14:45 | 2820670 akak
akak's picture

I hadn't had my morning coffee yet.

Now, after having consumptionalized and blobbed-up my daily ration of caffeine, my mood is much better (in a US Citizenismistic kind of way), and I feel ready to go out into the world to continue my crusade to farm the poor, extort the weak, and impose my 'American economics' upon the less fortunate.

(Or was it "extort the poor and farm the weak"?  It can be difficult to keep it all straight --- so much US Citizenism to employ, so little time.  But that of course is where the magical lightning-powered time-traveling flying rickshaw of Benjamin Franklin inventionism of American fabled past comes in handy.)

Sat, 09/22/2012 - 17:17 | 2820926 PiratePawpaw
PiratePawpaw's picture

Much better. My faith in US Citizenism is restored. :)

Sat, 09/22/2012 - 14:04 | 2820576 RSBriggs
RSBriggs's picture

What a fucking bozo.   How about doing us all a favor and crawling back under whatever fucking rock it was you were hiding under for the last few days, AnAnynmous?

Sat, 09/22/2012 - 14:03 | 2820577 PiratePawpaw
PiratePawpaw's picture

And this, kids, is why you shouldnt do drugs.

Sat, 09/22/2012 - 14:03 | 2820578 insanelysane
insanelysane's picture

Get a life.  Over the past 4 decades the country technology has changed yet the number of college students going for technology oriented degrees has declined.  Why because Americans a majority of Americans are lazy.  We are poring more money into education per student than any other country on the planet and we have some of the dumbest people around.  Yet they want a living wage?  

Sat, 09/22/2012 - 14:25 | 2820630 NorthenSoul
NorthenSoul's picture

"Why because Americans a majority of Americans are lazy."

 

I would recommend you blow your your own brain, but that is a physical impossibility.

 

Do you know how much a new graduate in electrical engineering can earn in the US? Barely 30K!

Do you know how much a new graduate in Security Analysis and IT can earn in the US? Over 100K!

 

Do you know why? Ask the fuckers in DC who are pouring hundreds of billions into the Nazional Sekurity Industrial Complex while letting our productive innovation capacity to go to India, China and the likes.

 

Lazy? No! They're getting SHAFTED by idiots and greddy mofos.

Sat, 09/22/2012 - 14:43 | 2820680 AmCockerSpaniel
AmCockerSpaniel's picture

You for got to count the number of lawyers to engineers. Just more fallout from "Free Trade job loss".

Sat, 09/22/2012 - 15:07 | 2820736 insanelysane
insanelysane's picture

I think you should probably meant to spell soul as sole but whatever.  I have a degree in Engineering and my wife has a degree in Medical Science.  We are in the 1%.  Not by trying but by the fact that people will pay for our skills.  

The people getting shafted are getting shafted because they are too lazy to stop the shafting.

Not sure if you meant it but you a proving the idiot Romney correct in claiming you and everybody else are victims of shafting.

Sat, 09/22/2012 - 16:12 | 2820828 toady
toady's picture

You have a degree? Must have bought all your term papers ...

Sat, 09/22/2012 - 17:11 | 2820919 IrritableBowels
IrritableBowels's picture

...and you probably meant 'pouring' and not 'poring', DUMBASS.

Sat, 09/22/2012 - 14:31 | 2820639 Jack Burton
Jack Burton's picture

insanelysane, Yes, you have hit on an important point. While America pours unbelievable amounts of money into college educations, the results of this are pathetic. I see all the time new familes arrive in the Twin Cities metro area. WHy are they coming? Because the high tech companies in the area need highly skilled workers and engineers. But, the Twin Cities have a number of world class universities, a huge number of high schoolers attend college and get degrees. A large number of them can't find good jobs. I personally know sveral females with degrees whose only job now is as servers at restaurants and pubs.

So America spends all this money to educate waitresses and must import people from Indaia to staff the high tech companies. How come we ask?

Well, Hell, we ALL know. The American kids don't want to do the hard work in college of studying math, science and all the engineering fields. Sure, Law and Medicine remain popular, and that is where a lot of money can be made. But only a few are cut out for that, most of the science and technology reamins to much work for American kids.

So, I see the families from India move in and settle in to the high tech jobs and engineering jobs and make good here. While all these American kids with useless easy degrees in say Mass Communications remain unemployable except in reatail and food service.

No excuses, American kids KNOW there are good paying jobs in Tech, they are just too lazy to study the hard fields. College is one big booze, sex and drugs party for 4 - 5 years. If you stayed up late working on Mathematics, you would miss the party!

Sat, 09/22/2012 - 16:29 | 2820854 Totentänzerlied
Totentänzerlied's picture

Your entire post is a load of specious crap. It obviously has not occurred to you that perhaps the problem is economic and moreover this it is a structural problem, surprise surprise. No, it must be the people (whom you feel the need to denigrate for no specified or justified reason) themselves - white man's burden, noble savage, right? 

"The American kids don't want to do the hard work in college of studying math, science and all the engineering fields."

Right because all American kids, being from a populace the average IQ of which is 100, are obviously capable of such, they're just too damn lazy. So are Africans, of whom the smallest percentage by continent population are employed in the technical/knowledge professions, lazy or just stupid? Oops, I guess using bullshit arguments cherry-picked to fit your prejudicial theory doesn't always work out so well!

Cultural differences in child-rearing and academic discipline are secondary to actual measured intelligence which is secondary to the economic reality of a degenerate and decrepit labor market.

"While America pours unbelievable amounts of money into college educations" this should tell you something, but you failed to get the message. The education market's pricing mechanism has been murdered and dumped in a lake, cost does not reflect utility value, supply no longer has any relation to demand both of which no longer have any rational connection to the labor market.

If college has turned into one big party (leaving aside what I can only describe, generously, as the naively optimistic view that it ever was not), it is because the general composition of student populations has been so debased; college admission's role as a filter by which to separate the intellectual wheat from the working-class chaff (let's be honest about it) has been eliminated, much to the delight of the salaried employees of the colleges. You cannot have it both ways - within this thoroughly corrupt education "system": either colleges are allowed to be selective and exclude capable individuals on dubious grounds of prejudice, or they are made to be unselective and the quality and calibre of the institution is -must be - swiftly degraded by/for the admission of incapable individuals. This, we are told by colleges, academicians, and politicians, represents the total set of practiable ways by which the elder generation(s) may impart non-industrial knowledge to the next generation.

Lately a few lonely voices began - and it seems recently to have beccome fashionable - to admit that the university experience's primary and major mechanism of value-creation [for students] is ... the formation of extended social networks with which favors thereby to enable the currying of personal favors. Well, if you remove the meritocratic basis for admissions, you are left with a glorified social club wherein competition is in fact for the attention - and blessing/favor - of the few at the upper extremity of the system's social hierarchy - the gatekeepers of the academic and professional worlds. 

Circa 5 million years after our divergence from the common ancestral Hominid line, our most important social structures have hardly surpassed in equity or rational justification those of our modern Hominin cousins.

Sat, 09/22/2012 - 17:52 | 2820973 toady
toady's picture

Not trying to take away from your points just adding a point ... Tech isn't for everyone. Only a few are cut out for tech too.

In depth problem solving skill are key. The ability to go through tens of thousands of characters to find a capitol letter or comma isn't easy. I was one of a select few who had the sixth sense to do this quickly in a system down, high pressure situation.

Still I couldn't keep up with constantly change software and hardware. And if you think you're going to make good money you better count on 7x24 oncall. I can't remember how many college boys thought they were going to work 9 to 5 doing excel macros. They never last I think the 7x24 call-out ruined weekends, constantly taking calls on vacation, just complete devotion required, is what drove me out in the end. It's not for everyone.

Sat, 09/22/2012 - 13:58 | 2820571 insanelysane
insanelysane's picture

I have no idea what point the writer is trying to make.  The 47% video isn't significant because people in the top 10 or 15% of the 47% don't think they are in the 47%.  And I don't believe that many of the people outside of the 47% think they are in the group.  So I think that he only insulted about 30% of the population and since only 50% of the entire population votes you are looking at insulting 15% of the voting population.

I do agree with the writer on one thing, with 300 million people in this country, having to choose between these 2 ass clowns is just a pity.

Sat, 09/22/2012 - 14:39 | 2820574 francis_sawyer
francis_sawyer's picture

great... every single day on ZH it is acknowledged that the 2 party system inevitably produces 2 assclowns...

So as far as assclowns are concerned, we don't need a 3RD telling us all what we already know (hence my comment above)... Here's his 'party'...

~~~

http://www.gp.org/index.php

Sat, 09/22/2012 - 14:11 | 2820595 blunderdog
blunderdog's picture

He said insulting the 47% won't COST Romney any votes.

That's probably true.  It could potentially motivate a few more 47%ers to go vote AGAINST him, but even that's really unlikely.

Take home message: chatter over the Romney video is all bullshit.  Surprise surprise surprise.

Sat, 09/22/2012 - 14:25 | 2820626 francis_sawyer
francis_sawyer's picture

That's probably TRUE???????

Ummm...

http://www.zerohedge.com/news/presenting-president-inflation

Do you really think that the amplitude of the wavy lines on the graphs in that link were because people 'ALL OF A SUDDEN' got religion on inflation expectations?

~~~

This author is clearly a douche masquerading as an apoligist, but trying to keep the Romney/Netanyahu ticket alive... I'm calling BULLSHIT (but I welcome debate from any 'geniuses' who see it differently)...

Sat, 09/22/2012 - 15:09 | 2820744 blunderdog
blunderdog's picture

    Do you really think that the amplitude of the wavy lines on the graphs in that link were because people 'ALL OF A SUDDEN' got religion on inflation expectations?

I see no relevance of those charts, to be honest.  The way the handicappers are *betting* on an upcoming event doesn't DETERMINE the outcome.

Do you think the election is guaranteed to be the result predicted by folks at places like HuffPo and the WSJ?  You trust CNN and CNBC and Fox MORE than you trust some basic common sense about how political elections go?

Shit, TWO YEARS AGO I predicted Romney takes the nomination and Obama wins the election.  Lemme tell you, some "suprise" video from some caterer somewhere had nothing to do with MY prediction.

The media *wants* there to be big excitement about this election.  They WANT it to be close, and they WANT the "odds" to shift dramatically in the coming weeks.

But don't let 'em fool ya.  The media has never had any interest in honesty.  This is basically a done deal.

Sat, 09/22/2012 - 16:40 | 2820876 francis_sawyer
francis_sawyer's picture

Whatever...

Yeah ~ I guess overnight everyone decided that even though they'd had enough with O'Bummer, that now they were changing their minds... Look ~ as stated above, I don't give a shit about this author (in terms of being CAPTAIN OBVIOUS & stating that the 2 party system in America is a bunch of BS ~ like everyone does here every single day)...

What I do care about is some idiot who, instead, thinks the solution to Middle East peace is that there aren't enough 'Green Party' candidates...

http://www.greenpapers.net/?p=289

Yeah right... GLOBAL WARMING (lol) is going to get solved when te Israelis & Palestinians can come together by going green... WTF?

Sat, 09/22/2012 - 17:00 | 2820903 blunderdog
blunderdog's picture

I have no idea what your point is anymore, but there's some stuff I can think up that's even more confused and irrelevant.

For DAMN sure the inventor of the QWERTY keyboard was just a useful idiot for Obama-Care implementation--if it hadn't been decades of carpal-tunnel resulting from the Internet revolution, S. Vietnam would still be a happy US Protectorate, and we'd all be enjoying holidays there instead of bitching about the high price of gasoline.

"Whatever" is right.

(PS: Who's Justine?  Was that a high-school project of hers?)

Sat, 09/22/2012 - 17:27 | 2820933 francis_sawyer
francis_sawyer's picture

You're just a few clicks mouse clicks away from [connecting the unconnectable dots] but still haven't figured it out yet... Here ~ I'll give you a head start...

http://www.tanosborn.com/

Enough crap there to have you going 'WTF?' all the way thru the next dozen election cycles...

 

Sat, 09/22/2012 - 14:38 | 2820671 PiratePawpaw
PiratePawpaw's picture

Most of the 47%ers I see take their gubmt disability checks on the 1st and 3rd straight to the beer store. I doubt many of them will be sober enough on the 6th to vote one way or the other.

Sat, 09/22/2012 - 15:11 | 2820748 blunderdog
blunderdog's picture

Well, aside from all the 47%ers who are retired folks, yeah, pretty much.

Those old folks sure do like to vote, tho.

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