Saturday, September 27, 2008

Doin' the Hand Jive

There has been a big movement over the passed few years for the “privatization” of governmental services. On the Federal level, many members of Congress have talked for years about the ‘privatization’ of Social Security and Medicare.

On the state level, there has been much talk about the privatization of tunnels and toll roads, school systems, and even state prison systems.

And on the local level, there has been much talk about privatizing municipal services such as water and sewer service, and local jails.

Well, I think it’s about time someone did something about “privatization”. It’s a damn good idea.

First and foremost, the sector of the economy that should be “privatized”, with absolutely no governmental involvement from the President and Congress is the “home mortgage and investment banking industry”. Where does President and Congress come off even thinking that they can do a better job than market driven capitalism?

Adam Smith was right: Let the invisible hand of the market place do the job it’s supposed to do. That’s right: What this country needs and is going to get is a good old fashioned market place hand job. And that should keep everyone satisfied with a happy ending.

Interesting thought: There are all those who predicted that Social Security and Medicare were on the verge of collapse because it was being badly managed by the government. These are the same sure footed folks at WaMu, Lehman Brothers, Goldman Sachs, and AIG et al who now have their hands out for a bailout from the folks who ‘badly managed’ Social Security.

Go figure.

8 comments:

Anonymous said...

Actually I had to send my children to private school because the middle school here was an atrocity. Many parents complained but nothing happened.

Why?? Well the difference between a public and private school is the school and the teachers get paid the same no matter what. They can do a good job... or a bad job. Their pay... AND raises are always the same.

Thus... no incentive to improve upon themselves.

While economies around the world are tossing out the old Socialist's ideas that the state can pay for everything you feel we should go the opposite direction.

This banking failure is just that... a banking failure. While it may have adverse affects in the near term it won't have the adverse effects that Socialism has in the long term.

ImprovforLawyers said...

I do not know where your 'middle school' is that is an 'atrocity', so I cannot comment on that. And the main difference between private and public schools is that private schools get to choose who they allow in---and public schools do not. Public schools must take every child. And still rank in the top tier of the top tier of schools in the nation---see the website for the NJEA----http://www.njea.org/page.aspx?z=1013&pz=3

So, take your child and place him/her to the private school of your choice. However, overall with all the complaints, we are doing quite well. Science scores up. Math scores one of the best in the nation. Reading scores up.

Anonymous said...

I noticed the site said that SAT scores were "rising" but didn't say how good they were. Last time I checked NJ was ranked 36th in average SAT scores in 2006.

Pretty good deal given we live in the highest property taxed state.

Anyway you missed the point.

Anonymous said...

SAT scores aren't better in NJ for 2008. Even though less NJ students took the SAT this year compared to last year the mean scores were the same.

Look at the overall mean scores for "college bound students".
In NJ critical reading was 495 and math was 513.

However the nationwide average SAT scores for "college bound students" had critical reading at 502 and Math at 515.

NJ is just below AVERAGE. Think about that the next time you foot that huge property tax bill.

http://professionals.collegeboard.com/profdownload/New_Jersey_CBS_08.pdf

Places like Massachusetts had a Critical Reading mean of 514 and Mathematics mean of 525.

ImprovforLawyers said...

We were talking about Middle school, not students taking the SATs:

Scores Are Among the Nation's Best:

*
New Jersey is among the top 2 states in the nation for having the largest proportion of public school 4th graders scoring at the highest two levels in reading in the National Assessment of Educational Progress (NAEP). National Center for Education Statistics. Nation's Report Card: Reading 2007. September 2007. http://nces.ed.gov/pubsearch/
pubsinfo.asp?pubid=2007496

*
New Jersey ranks among the top 3 in the nation for having the largest proportion of public school 8th graders scoring at the highest two levels in reading in the National Assessment of Educational Progress (NAEP). National Center for Education Statistics. Nation's Report Card: Reading 2007. September 2007. http://nces.ed.gov/pubsearch/
pubsinfo.asp?pubid=2007496

Reading Scores Are Up:

*
The proportion of New Jersey public school 4th graders who scored at the highest two levels in reading in the National Assessment of Educational Progress (NAEP) increased by 30% since 1994. National Center for Education Statistics. Nation's Report Card: Reading 2007. September 2007. http://http://nces.ed.gov/
pubsearch/pubsinfo.asp?pubid=2007496

Math Scores Are Among the Nation's Best:

*
New Jersey ranks 2nd highest in the nation for having the largest proportion of public school 4th graders scoring at the highest two levels in math in the National Assessment of Educational Progress (NAEP).National Center for Education Statistics. Nation's Report Card: Mathematics 2007. September 2007. http://nces.ed.gov/pubsearch/
pubsinfo.asp?pubid=2007494

*
New Jersey is among the top 5 states in the nation for having the largest proportion of public school 8th graders scoring at the highest two levels in math in the National Assessment of Educational Progress (NAEP).National Center for Education Statistics. Nation's Report Card: Mathematics 2007. September 2007. http://nces.ed.gov/pubsearch/
pubsinfo.asp?pubid=2007494

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