President Obama goes after greedy university administrators
Yeah! Tell me another one! Whew. OK. Let’s get serious. Obama, as usual, is attacking the concept of personal responsibility. The concept that people willingly and knowingly incurred a debt is meaningless to Obama. Completely. Under his watch, the student loan program has been removed from the private sector and made federal ( that’s called socialism, folks ). Now, under a law passed within Obamacare ( yeah, that’s right, student loans are part of health care now ), he’s changing the way the loans are paid back if a student so desires.
What he will never, never, never do. Did I say never do? Is question for one second WHY college tuitions are so expensive in the first place.
Did I say he would never do it? Yeah, I did. Let’s start at the top for a few examples. Shall we?
- Ohio State University. E Gordon Gee, $1,346,225.
- University of Washington, Mark Emmert, $887,870
- University of Virginia, John T. Casteen III,$797,048
- University of Texas, Mark G. Yudof, $786,045
- University of Michigan,Mary Sue Coleman,$760,196
- University of Colorado at Denver,M. Roy Wilson, $740,415
- University of Minnesota-Twin Cities,Robert H. Bruininks, $733,421
- University of Florida,J. Bernard Machen,$731,811
- Arizona State University, Michael M. Crow, $728,750
- Georgia State University, Carl V. Patton, $727,487
Now, contact your local bank and ask them how much the President of the bank makes.
Go ahead, I dare ya.
I double-dog dare ya.
Obama’s not going to do anything about these greedy administrators getting rich on the backs of the poor downtrodden college student for one very simple reason:
- Microsoft Corp $170,323
- Comcast Corp $116,155
- Harvard University $94,225
- Google Inc $90,166
- University of California $83,679
- DLA Piper $79,375
- Chopper Trading $64,815
- Skadden, Arps et al $64,162
- Stanford University $62,928
- Ballard, Spahr et al $61,300
- Time Warner $60,050
- US Government $57,430
- National Amusements Inc $57,100
- Latham & Watkins $54,582
- Arnold & Porter $51,200
- Goldman Sachs $49,124
- Exelon Corp $48,625
- Mayer Brown LLP $46,700
- Bank of America $46,699
- Columbia University $45,097
Universities have more money to give than those greedy corporate banks.
And you know where that money comes from dontcha? That’s right. Obamacare is making sure kids who can’t afford those administrative salaries can borrow all they ever wanted from the federal government.
And if the payments get to be too much, they occupy Wall Street to protest.
Yeah. And not one single person at CNN or MSNBC questions the hypocrisy of all this. Obama attacks banks, Occupy Wall Street shows up on cue complaining about bank greed and having to pay their student loans, and not one single “student” complains about greed in higher education, where they are making more than most bankers.