the DRIZZLE
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- Sep 6, 2007
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It's really a very mixed bag. Just like there's a movement in the TP that simply doesn't like having a black president, there's bums in the OWS crowd. However, I'd argue the majority of OWS are college educated young people that were told their entire lives they MUST go to college and so they did. The rhetoric for the last twenty five years has been that it doesn't matter what you major in, just go to college and you will get a job. Upon graduating and holding 100k in student loan debt, they're met with an economy absolutely destroyed by the boomers. Additionally, the government is spending trillions of dollars bailing out corporations to provide 'contractual' hundred million dollar bonuses to executives, further compounding the problem.
If I were in such a situation, I would be rather unhappy myself.
Personally, I feel all of the boomers that go on television whining about the real estate bubble are laughable--it was obvious to anyone with a lick of sense. They still haven't allowed real estate to fully crash and it certainly needs to. The education bubble is far worse, imho. Besides, the irony of a bunch of geezers telling the college educated to 'grow up', but yet still want government assistance to prevent their house from going into foreclosure and their medicare from drying up is atrocious.
IMO the biggest flaw in the "we were mislead into taking out 100k in student loans" argument is that no one told them to go to an expensive school. With the exception of the last 3 years it was relatively easy to predict your salary upon graduation and you could determine if a given school was a good investment with a few minutes of analysis.
Cheap instate schools or the top private schools were good investments unless you graduated in the last three years or in a completely worthless major. People act like they were mislead into going to a 40k per year mid ranked private school in a crap major. Even ex-ante that was a terrible choice and many of their peers recognized it as such and didn't go down that road.