About 5,000 New York University graduates filled Yankee Stadium last week to enter their journey into our economy. These graduates are going to be faced with an anemic job market as they venture into the American workforce. President Bill Clinton was there to speak to them and mentioned the normal commencement speech fluff, the future is what you make of it, change the world and work hard, but the other part of the speech that struck me as very insightful was when he spoke about how we got into the mess we are in.
Essentially the premise of his remarks was, today’s business schools are teaching the students to always put profits above people, and that the shareholders are more important than the stakeholders. In my view, this couldn’t have been said better.
Take Credit for What Clinton "Accomplished"
“His advisors say a Gingrich campaign would tout his accomplishments as Speaker of the House from 1995 to 1999 - most importantly under his speakership the budget wasn’t just balanced but generated more than $400 billion in surpluses. Advisors say this sets him apart from the field. He won’t just talk about the federal debt, but can take credit as the only candidate with a record of dealing with it effectively. He also oversaw comprehensive welfare reform, tax cuts and a reduction in the growth of government spending.”
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I need to chew on this paragraph for a minute.
(via apsies)
Sure, go ahead - Clinton is a big enough man to flick Gingrich off like a fly on his arm. That is, if you want to call what Clinton did to Welfare in his first term an accomplishment. I'd like to get the candid opinion of Dee Dee Myers, George Stephanopolous and Robert Reich as to what kind of accomplishment it was to threaten the well being of women and children of little or no means in the 1990s.
Then again, they don't vote (much, if at all), so does it matter?