"We can't do this to kids. We are paying far too much money for a public
education system that isn't working," says Vice President of National
School Choice Week Andrew Campanella.
During the State of the Union address much was made of how some people have more economically and the Buffet Rule. He also mentioned Steve Jobs, much more on that below.
So this week's choice comes from the Economic Freedom channel:
Next for a full length show we share biographer Walter Isaacson on Steve Jobs. Jobs, mentioned by the president, was economically rewarded by bringing out the best quality in computers via the capitalist system. Jobs might have been a better responder to the SOTU address than Mitch Daniels. But we do know that Jobs spoke with the President and I think his influence was reflected in the Tuesday evening speech.
`When he finally relented and they met at the Westin San Francisco
Airport, Jobs was characteristically blunt. He seemed to have
transformed from a liberal into a conservative.
"You're headed for a one-term presidency," he told Obama at the start
of their meeting, insisting that the administration needed to be more
business-friendly. As an example, Jobs described the ease with which
companies can build factories in China compared to the United States,
where "regulations and unnecessary costs" make it difficult for them.
Jobs also criticized America's education system, saying it was
"crippled by union work rules," noted Isaacson. "Until the teachers'
unions were broken, there was almost no hope for education reform." Jobs
proposed allowing principals to hire and fire teachers based on merit,
that schools stay open until 6 p.m. and that they be open 11 months a
year.` ~ Steve Jobs to President Obama in 2010 *
So two of the key topics mentioned tonight by the president come from Job's mouth.
He has passed fewer regulations [on business] than the previous administration
Teachers who don't perform should be cut. That may cause a panic among some mediocre educators who feel safe with the union and tenure.
`...keep good teachers on the job, and reward the best ones. In return,
grant schools flexibility: To teach with creativity and passion; to stop
teaching to the test; and to replace teachers who just aren't helping
kids learn.` ~ President Obama, January 24, 2012
Well that is all for this week. This last link will make you Think Different, coincidentally this video announces the arrival of a technology game changer exactly 28 years ago this day, January 24th, 1984.
WE ENCOURAGE YOU TO 'THINK DIFFERENT' ABOUT ECONOMIC POLICY AND GOVERNMENT!
Humor has a way of helping make a point. I think we can share this one with our not so econ-nerd friends, the punchline really hits home.
Debt Limit, going UP. <ding>
And for the more serious study today we have four minutes on The Expenditure Categories of GDP which was just posted by Jodi at Economists Do It With Models.
This video outlines the expenditure categories of Gross Domestic Product
and explains how they come together in order to form aggregate output
or income.
If you like that video you can find more on the page above.
