Dunce Caps and the Department of Education

Chris slams the Department of Education as a failure—Harvard needs remedial math, MIT says kids are unprepared, and college costs soared from $8K (1979) to $26K+ today (inflation-adjusted). Trump’s cut is overdue! www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact that we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst and trader Chris Markowski.

Speaker 2 (00:16):
Dunch caps and the Department of Education. Yeah, they're wearing
a lot of dunch caps over there again. You watching
all the big government types celeptists out there. Oh my god,
Trump is ruining education, and you're watching these mental midges, erics,
walwell all these others. Oh my god, what's gonna happen education? Well,

(00:36):
what has happened education since you started the Department of Education?
It's going to freaking toilet man. Harvard, you got Harvard
needs to have a remedial math class. You have the
math department in MIT saying the people, the kids that
we're getting in right now are the worst prepared that
we've ever had when it comes to math. This is MIT.

(00:58):
You know, Will Hunting I t You're doing it wrong again.
If you looked at anything else in life, for example, Gee,
you know, I'm gonna get up in the morning and
I'm gonna, you know, eat a pint of ice cream
for breakfast, lunch, and dinner, and you find yourself morally obese,

(01:21):
morbidly obese because of your eating habits, and you say, oh, no,
it has nothing to do with the fact that I'm
eating ice cream. Again, this is the mentality of people
in government. One of the things they're putting out right now,
which is a real humdinger as well, is.

Speaker 3 (01:36):
That, oh, my god, the cost of college is going
to go through the roof.

Speaker 2 (01:42):
What. Yeah, they're actually saying that the cost of college
is going to go through the roof because you're eliminating
the Department of Education. So we went and we took
a look at the cost of college since they started
a Department of egg education. Not only that, we used

(02:02):
inflation adjusted numbers. Okay, here we go, Department of Education
nine day, seventy nine. Yep. The average cost of college
and university adjusted for inflation, including fees, room and board,

(02:24):
nineteen seventy nine. Eh, around eighty five hundred dollars. That's
all in, that's all in. Today it's over twenty six
thousand dollars average, and again adjusted for inflation. Really couldn't

(02:47):
do any worse, could you. Now, again, there's a myriad
of reasons why. But a lot of these reasons have
to do with the Department of Education in the fact that.

Speaker 3 (02:57):
Oh, we need to have more toy coordinators and well
you know, we don't need professors, No, we need administrators
to make sure that people are wearing the right Halloween costumes.

Speaker 2 (03:12):
I mean, this, this is what goes on today. This
is one of the reasons why costs have gone through
the roof, not to mention the fact all the subsidies
and crap and whatnot that runs through the Department of Education.
So yeah, the sooner we get rid of it, the

(03:32):
better watchdog. On Wall Street dot Com,