The US education system might get a big helping hand from Uncle Sam to the tune of $150 billion as part of Obama's stimulus package. Of course republicans are outraged at this sort of frivolous spending (From the article linked above):
"But Republicans strongly criticized some of the proposals as wasteful
spending and an ill-considered expansion of the federal government’s
role, traditionally centered on aid to needy students, into new realms
like local school construction."
Of course these Republicans had no trouble spending trillions on the useless wars in Iraq and Afghanistan, but $150 billion for US education is just way over the line!
The twisted logic runs something like this - all this money for US education isn't going to stimulate the economy, so that money is better spent. The translation of this is, not surprisingly, that US corporations don't benefit from helping out education. At least not on the scale that they are used to following those trillions spent on the wars. Which makes the following even harder to swallow:
"One provision, which was sought by the student lending
industry and went unmentioned in early Congressional summaries of the
stimulus package, would temporarily increase subsidies to banks in the
guaranteed student loan program by tying them to a new index, partly
because recent federal intervention in the credit markets has
invalidated the previous index. A spokesman for Sallie Mae,
one of the largest student lenders, said the change was needed to keep
student loan markets fluid. Critics said it represented a potential new
windfall for lenders."
Ahem. "new windfall for lenders"? If the bank bailout already in progress is solid economic policy, then how is this different? My guess is that the members of congress complaining don't have these lenders in their districts/states and so they aren't getting their typical perks for pushing through some legislation.
But don't get me wrong - I think the corporate and bank bailouts are 100% misguided. The whole alleged theory of free market capitalism is the free bit. It's sink or swim, and if you can't swim, you sink - capitalistic Darwinism at its finest. These businesses ruined themselves after paying big bucks to congress to get rules loosened so that they could take bigger gambles. Well those gambles didn't pay off, so tough luck. The government simply shouldn't reward them with bailouts. If the reasoning is that these companies going under will hurt the average citizen, then spend that money on programs to help we the people instead. But therein lies the rub.
Call your US Senator and try to make an appointment to see them. You're nobody, so good luck with that. But a big CEO can surely get one, and they (or their lobbyists) do all the time. That is how US politics/goverment works. We the people really don't count for that much, not when compared to the money spent by companies to lobby congress. So it's no surprise that the agents of our government would rather give a helping hand to business rather than to us. It's nothing personal, it's just (the) business (of government).