Are we just to clutch at systems of the olde days for romantic warmth, familiarity. For me at least we must move forward and redefine why we are here and how we spend our time whilst here, to what ends do toil and lives lived shape the world we live in and ready the next generation for their challenges moving forward.

All other endevors will just result in flailing and wailing of limbs and minds.

Skippy…presently scouting good location for viewing the big show, set to open soon, near you.

Vinny G.

I previously forgot to mention that the Madoff-like bait for the ponzi scam, will be the alluring scent and smell of fromage in the form of "green things" that in time will smell like rotten mold.

Yes, by God, don't put the Education bubble before The Green Cart, i.e, that all encompassing threat to make the World a better place (for you, for me : see this here moment and the as I'm sure that everyone has time, during this period of unemployment,go check out We Are The EWorld too : http://www.youtube.com/watch?v=NeJcePrcRDs ).

Sorry about that digression, but one has to plant mental images along-side visual images and music videos to be able to communicate these points, the point being (in this case) that Obama is selling us on the idea that we will be training people to work at jobs that don't exist — which is not a bad idea, because who will be able to blame The President, if the economy is unable to create jobs for people that are trained to work at jobs that are waiting for funding (which will be held up to train these people).

I hate to compare this Obama exploration to Bush's Ownership Society, but the goal for Bush, was to get as many people into houses as possible, and now that many of them are out of those houses, after the popping of that fraud bubble, it seems like we are going to create the next shell of ownership in the form of a degree or a sequences of classes that will be like a ponzi scam that draws people towards an economic solution that will once again result in debt and a a shell of a job that will look a lot like foreclosure, when a tsunami of students end up with nothing, just like the people that bought into no-doc loans.

Here we friggn go again!

Full Disclosure: No splell check was udes in the creation of this dumbass 2nd blogging…

Fixed it for him.

friend of mine -Columbia U. PhD in education -in great shape, healthy, kind and hard working -barely surviving with the low interest credit card borrowing over and teaching courses when he can get the work and tutoring in Microsoft programs: Excel, etc. …

Not everyone is entrepreneurial. I'm reminded of Bush's remark referring to layoffs and unemployment numbers that 'people are making money on eBay.'

my friend hasn't been able to find a job in years.

Skippy…my kite dream is in a tree…Doc and Ricard Kline, stay away…you don't spot a football very well either.

We haven't bottomed in housing. Mortgage resets are going to suck whatever faint breeze of cash flow appears at the consumer level right back out of the economy. There is no view at all that hiring of any kind is improving, or even where it might improve. Cap utilization continues down now that the inventory bounce is behind us. Happy days are here again on Wall Street now that ev'erbody knows Uncle Feddy's been stuck with the bill, but that has nothing to do with the real economy.

The stimululs is not yet in view, and may arrive. Near year end. Meh. Too little; too much demand is going to leak offshore; most money is going to go into debt retirement, and hence right back to the money center banks where that money-in-motion will be disintegrated by their concealed black holes.

I think that it is reasonable to expect the downward slope of economic decline to level off over this winter. That does not imply even that such decline will end, only that it will slow. Myself, I'm dububious that anything which could be called a recovery is probable until the end of 2010 at the earliest, and that is if nothing else of note goes wrong, itself a questionable assumption.

Everyone wants this thing to be over. What is missing is _any material evidence to that effect_. Projections don't matter; it's evidence that matters. Got facts? I thought not.

Sounds rigorous to me.

The whole notion that "retraining" everybody (but within the framework of the status quo) is the road to the millennium is just a symptom of the Peter Principle at a societal level.

The problem isn't lack of skills. It's the obscene concentration of wealth, land, and power. Fix this and we fix everything else. Leave that the same, and nothing can be done at all.

Great rant! pretty much sums up my frustration, and I suppose many others as well.

Something tells me Neil Young would do something else with those "green shoots" besides believing in the refrain of "keep hope alive".

Great rant! pretty much sums up my frustration, and I suppose many others as well.

Something tells me Neil Young would do something else with those "green shoots" besides believing in the refrain of "keep hope alive".