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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: ChanceIs who wrote (209787)7/9/2009 9:16:21 AM
From: neolibRead Replies (1) of 306849
 
Lack of education when the opportunity for education was more limited is different then lack of education or a poor education, when the opportunity is readily available. Having said that, there are plenty of young people who screwup in the HS & college years, but turn into productive and responsible adults, even sans formal education, and some of them might well not take the reverse detour back through college as an adult.

Because the field of engineering depends on performance and not on degrees, it is an excellent example of this. There are lots of non-degreed engineers who do excellent work. Over the years, I've had the pleasure of working with (and learning from) many of them. One curious thing I've noticed however, is that such individuals sometimes shock me with the gaps in their basic knowledge. This may or may not be an issue at times. There is something to be said for having been made to learn the basics of a field, not just the particular niche you end up working in.

Regarding the article, I think he is widely off base here:

It was trounced because The Republican Party refused to hold to account, over the space of more than a decade and two terms of George Bush's Presidency, those who intentionally created a property bubble to siphon off wealth from the average American citizen, and when that bubble exploded those who committed fraud upon the public were bailed out instead of being imprisoned.

I seriously doubt even 25% of the Republican base understands this.
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