Damn the Torpedoes, Full Agenda Ahead
by Derek HunterUnder normal circumstances, when a process is found to be corrupt, any outcome or recommendation from that chain of events is either cancelled or put on hold until the full extent of the corruption can be uncovered. Essentially, good practice dictates that you start from scratch, to ensure that there is no undue influence.
But that’s not how the Obama Administration works when the final outcome is something they want. Displaying the “Damn the torpedoes, full speed ahead” attitude they’ve come to be known for on everything from health care and spending to cap & trade and net neutrality, the Obama administration is on the verge of adopting rules governing for-profit educational institutions, even though they have emerged from a wholly corrupt process that, to paraphrase Senator Tom Coburn (R-OK), may end up with people going to prison.
It all started last summer when Senator Tom Harkin (D-IA), chairman of the Health, Education, Labor and Pensions (HELP) Committee, held a hearing on whether or not students attending for-profit colleges should be allowed to receive federal financial aid. Harkin strongly supports a proposed Department of Education (DoE) rule, known as Gainful Employment, which would severely damage those institutions and kill higher education opportunities for thousands of Americans.
It was odd that one of the witnesses Senator Harkin chose as an “expert” on for-profit colleges had no expertise in the industry whatsoever. Steve Eisman is a Wall Street short-seller with no background or expertise on education policy. But with the stock prices of private-sector colleges and the companies that run them risking collapse, he does have a lot to gain by ensuring that happens.
This was just the first of what would be many curious developments in the Progressives’ crusade against for-profit education.







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