Saturday, March 5, 2011

Shouldn't Teacher Contracts Be Just as Inviolate as Banker Contracts?



This video made me laugh so hard I was crying. Then I realized that I was crying for a reason as I remembered all of the teachers who have made a positive impact on my life. It is painful to think that there are opinion shapers who are working hard to convince wage earning Americans that their economic troubles have been caused by public employees who earn living wages with decent, but not extravagant benefits.

As Stewart points out, many economic pundits tried to explain banker bonuses at bailed out firms in terms of contract law, stating that the promises made before the crash had to be honored even after the government had to use our money to clean up after the incredibly poor decision making.

The real source of our current trouble is flat out greed by people who have somehow been taught that there is essentially no difference between productive trade and gambling that resembles a casino, that it is okay to sell a loan product that you know is defective, and that the job of a "banker" is to make oodles of relatively risk free money by encouraging others to engage in evidently risky behavior.

Hope you enjoy the video.

0 comments: