Big Government has covered the Obama Administration’s war on career colleges before, particularly the the Wall Street connections: noted short-seller Steve Eisman, who’s testimony in front of the Department of Education and in Congressional committees is shaping the Administration’s policy and potentially earning Eisman millions. Now, it seems Eisman is trying desperately to distance himself from what appears to be a destructive policy for America’s low-income and minority students.

Recently, the Administration and Education Secretary Arne Duncan proposed that career colleges and other for-profit educational institutions, be governed by the so-called “gainful employment rule” – a rule that limits or ends federal grant and student loan money for students at for-profit institutions with low graduation rates or low post-graduation employment. Although for-profit schools face essentially the same problems as not-for-profit institutions, students at for-profit schools tend to be lower-income and minority communities, who rely heavily on government assistance to earn the kind of education and skill level necessary to succeed in today’s harsh economic climate.

The rule has met with overwhelming opposition from a number of organizations and communities, and much of that criticism has been leveled at how the Administration came up with the “gainful employment rule.” Recently, it’s become apparent that Steve Eisman’s testimony motivated the Administration’s actions, even if he’s reticent to admit it.

From Business Week:

On April 16, Eisman met with Education Department officials, including acting deputy assistant education secretary David Bergeron, according to Justin Hamilton, a department spokesman. He sent multiple e-mails to a number of Education Department officials, including Duncan, on May 28, two days after airing his views at the Sohn conference in New York. He warned against the watering down of gainful employment, according to the documents obtained through a Freedom of Information Act request…

‘He shared a PowerPoint that he intended to use for a speech he was planning to give in May,’ Bergeron, the acting deputy assistant education secretary, said in a telephone interview. “It would have been inappropriate for us not to meet with someone that indicated that he had done serious research on the industry.’”

That Power Point contained some very important suggestions, designed to target the problem Mr. Eisman believed for-profit education was causing. One of those suggestions was a very coincidentally named “gainful employment” rule on slides 33 and 34 of his extensive presentation.

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From the Associated Press:

A government audit says the advocacy group ACORN should reimburse the government $3.2 million for failing to adequately show that lead removal work was performed at a reasonable cost.

The auditors also say some grant money was spent inappropriately, including for political campaigns and fundraising.

Congress already has cut off ACORN’s federal funding after allegations of voter registration fraud and embezzlement.

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Al Franken became famous as a comedian. A long-time writer for Saturday Night Live, he developed routines and characters that made us laugh. But, as my latest video reminds us, even funny people can be humorless. Not only is Franken a jerk to me, as I ask admittedly tough questions about ObamaCare, but he’s a jerk to his own hapless staff. The job market in DC can’t be bad enough to put up with this.

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When the AARP began its full-throated support for the President’s Health Care Scheme many wondered why this venerable organization would support a plan which would  cut hundreds of billions of dollars from Medicare, mostly by putting strict price controls on the very popular Medicare Advantage program.

By putting enormous price controls (cuts) in the Medicare Advantage program, many seniors will be forced to look to the other Medicare supplemental offer, MediGap.   It just so happens that AARP sells MediGap coverage to its members.  The income generated from those sales accounts for 60.3% of AARP’s revenues, ten years ago, this income only accounted for 10% of their budget.

So, in short, the Obama Health Care Scheme puts hundreds of millions of dollars in AARP’s coffers by forcing seniors off of Medicare Advantage and into MediGap programs.  You would think that this was enough of a payback to the AARP for their support.  But Big Government now reveals another little prize that has been awarded to AARP in time for their recent official endorsement of the Senate Bill.

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The dead apparently really can rise from the grave.

Though Congress voted to kill federal funding for ACORN in September, funding for the disgraced group could resume as early as December 18th, when the Continuing Resolution, which provides funds to run government while the final budget is complete and contains the funding ban, expires.

The question isn’t whether federal funds will flow again to the ethically-challenged group, but possibly when and how much money will flow.  If cap-and-trade legislation now making its way through Congress becomes law, the flow could be enormous.

In June, the U.S. House passed the American Clean Energy and Security Act (better known as Waxman-Markey), ostensibly to alleviate global warming by mandating an 83% reduction in U.S. carbon emissions by 2050.  A similar bill, introduced in the Senate by Barbara Boxer (D-CA) and John Kerry (D-MA), has been approved by the Senate Environment and Public Works Committee.  Buried in both bills are provisions that would allocate vast amounts of federal money to community development organizations such as ACORN.

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Why ask why? National Science Foundation and National Institute of Child Health and Human Development study why children ask so many “why” question

Harvest time: The Washington Apple Commission receives federal funds to educate retailers in China, Russia and other countries how to handle apples and other perishable products

NASA wants you to know that the world won’t end in 2012; U.S. space agency launches Web resource to counter fictional new movie

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