Obamination

Center for College Affordability and Productivity ^ | February 25, 2009 | Richard Vedder

[reaganaut1]

Earlier, I asked whether this was "Obama's Nation" or whether his policies were an "Obamination." After listening to last night's ersatz State of the Union address, there is no question in my mind that it is the latter. It was the single most frightening speech I recall having heard from an American politician over more than a half of century of listening to such speeches. Given my hypertension, I had to take it in small doses, but I would predict that on February 24, 2010, the economy will be in no better shape than now (unemployment above 7.5 percent, a Dow that is low), interest rates and inflation will be on the rise, and Obama will be blaming the persistent problems on greedy capitalists rather than himself. Obama is arguably our first purely socialist president, a person who has utter contempt for free enterprise. I also sense a streak of authoritarianism in him, and would not surprised to see an attempt to consolidate political power by unethical and possibly illegal means, by doing such things as trying to silence Rush Limbaugh and doing away with elections for union representation. I, of course, may be wrong. And Congress still has a role to play, although seeing the likes of Nancy Pelosi presiding last night did not instill much confidence.

But let us talk about higher education. I issued a blistering comment to the Associated Press, which soon will be in print around the country, ending any remote chances I had for a White House invitation for the next four years -- no big deal.

[reaganaut1]

The rest of the essay explains what is wrong with Obama's education ideas. Vedder is an economics professor.

[anniegetyourgun]

Furthermore, the non-payment of student loans will be the next bursting bubble.

[Buckeye McFrog]

offers of Federal Student Loan “forgiveness” could keep the Dems rolling in electoral majorities for fifty years.