Notes

10 Steps to Economic and Educational Success - Facing Reality Versus the Fairness Myth
Here's what the united states faces: The confusion of do gooding and fairness with achievement and success.

What ails the united states economy and its education system may be the constant need to rationalize the thought of equal outcome. By the nature of being human, you'll always have a pecking order. Some will succeed a lot more than others. Having taught in a public school in NEW YORK, it was clear years back and clearer today, why our education and economic climate are declining.

The focus on mediocrity. Pass students no matter what who were in 7th and 8th grade reading at 3rd and 4th grade levels. The institution unions were oppressive. The older teachers wanted employment. There is no merit system.

Today, we face the most insane economic policies led by way of a President and Congress determined to arrange America into one big community ruled purely by their notion of fairness and what they determine is right for us.

The new King - what the constitution looked to safeguard against - is taxing us economically socially and educationally without true representation.

They encourage the all too familiar political gambit play the rich - and successful - contrary to the taken advantage middle and poor. In the name of fairness and mediocrity - instead of meritocracy - we are being overtaken by bureaucrats that believe to profit and succeed is evil - meaning unfair.

Yet, they soak the entire popular with their ridiculous salaries, pensions and benefits. The country is crippled by a double standard where big is OK because they have the dollars to get politicians through lobbyist and contributions. Subsequently, the politicians vote to allow them to get the votes and the backing.

The result is a Fed controlled by an academic who has little knowledge of simple business. He is a political animal who lacks common sense. The believes we are reliving the Depression. Yet, all predictive models have already been shown you cannot predict the near future from the past. It is possible to learn from it however the future will be different.

The idea that you could keep borrowing your way to prosperity following Keynesian models is really a pipe dream. You can find no free lunches.

What do I recommend seems more a wish list:

Get back to the fundamentals of what made this country great - support small business and entrepreneurs
Foster true fairness by raising all school standards and facing that students are failing for a number of reasons - teaching methods, emotional issues, cultural circumstances, economic reasons and purely differences in intelligence.
Stop spending. Balance the budget. Everyone must take less.
Stop raising taxes to hide the wasteful, uncontrolled spending
Stop borrowing
Politicians and bureaucrats need to be put on a system based upon meritocracy not pork barreling. This means a reporting system on the web of what they're doing which is understandable.
Have big business ally with education and small company in order to incentivize innovation and job creation.
Give incentives to small businesses, entrepreneurs that may create more start ups, jobs and long term investment.
Create an atmosphere of greater economic certainty by honoring the successful and not bailing out the unsuccessful. It's good to succeed and to be wealthy if done within the rules (rules that aren't onerous)
Make the federal government stay as the referee not the participant.
Do I believe this will happen?

No.

Why?

Because we are appealing to the cheapest common denominator - to fairness which sounds moral and wonderful. Fairness attracts very bright and idealistic people.

But only being realistic, facing the existing reality going back to basics and taking our current medicine will return us to being the economic and social engine that the planet has admired. By being the world's policeman in the name of fairness, we have been being unfair to the Americans we are supposedly attempting to help.

Just think of the enormous waste of money going to wars, pork barrel, bureaucrats, entitlements etc.

It reminds me of failing companies where everyone gets around a table and says we can't cut any expenses. But, we have been losing money - plenty of it.

Finally, the business faces the news headlines - we are going under. Suddenly, there are numerous proposals for cuts but often too late. That's our federal state governments today. Fairness and mediocrity versus reality and meritocracy.

Bureaucracy versus Entrepreneurship. Unfortunately, I believe its time to face we are going under. I hope it isn't too late.

Gary Spirer began his career at the prestigious investment banking firm Lazard Freres, where he worked at their property affiliate. Subsequently, Gary founded their own property company, Capital Hill Realty. In real estate Gary is rolling out, syndicated and committed to properties that in the current value, aggregate over $500 million. what is www has raised over $60 million dollars from individuals and small funds.

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