The MSU Underground » WPA http://www.msu-underground.com The Unofficial Student Publication of Missouri State University Tue, 20 Jul 2010 10:13:48 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 2009 smdaegan@gmail.com (The MSU Underground) smdaegan@gmail.com (The MSU Underground) posts 1440 http://www.msu-underground.com/wp-content/plugins/podpress/images/powered_by_podpress.jpg The MSU Underground » WPA http://www.msu-underground.com 144 144 Created by The Underground, The Unofficial Student Publication of Missouri State University The MSU Underground The MSU Underground smdaegan@gmail.com no no Blame conservatives! http://www.msu-underground.com/archives/421 http://www.msu-underground.com/archives/421#comments Mon, 06 Apr 2009 20:25:58 +0000 Zach http://www.msu-underground.com/?p=421

Brian Michaelson

Contributor

Some days you just can’t be disgusted enough. Other days, you just shake your head and realize that Republicans are either too smart for their own good—or too dense. If history will be a lesson, you’d think after the first two economic debacles they created, they’d learn their lessons and not repeat it. But then again, Americans can be, well, even more dense.

The GOP has been squawking at every level about “socialism” and “big government” since the Obama Administration took office. Funny. If we look at the trend over the last 8 months, the former Bush Administration took more “socialistic liberties” with companies like AIG, Goldman-Sachs, CitiBank, J.P. Morgan-Chase, and a few other mega-corporations who are now reaping the greedy benefits of taxpayer-funded welfare. Ironically, after Obama decided to do the right thing and go after AIG’s “contractually obligated bonuses”, it became apparent that paying off these CEOs who drove their companies into the ground at taxpayer expense was “necessary”. Who believes this crap?

What parts of history don’t people remember when this stuff keeps coming around? If anyone wants a classic case of conservative economic principles gone wrong, I’ll provide you with three.

First off, the Savings & Loan collapse of the 1980s. Anyone recall the Keating Five? Charles Keating, among others (including GOP head-man John McCain), essentially collapsed the largest Saving & Loan business on the continent at their own personal gain, all because of looser regulation, and less oversight from our taxpayer-guarding friends at the SEC and FTC. Keating took the rap and went to prison for it, but had justice truly been done, McCain never would’ve ran for President. Ever. What became of all this? Even less regulation (does that make sense at all?).

Second, pre-FDR era. Need I really say more? Of course, most people don’t realize that FDR cleaned up the massive pile of dung left by his Republican predecessors Calvin Coolidge and Herbert Hoover. Hoover alone drove up inflation and unemployment so high, that we’re likely to never see levels that bad ever again. Al because J.P. Morgan and his Rockefeller buddies wanted less government insight into their monopolistic practices. Roosevelt, a Democrat, invested government money into federally sponsored jobs (thank FDR for the Golden Gate Bridge, the Hoover Dam, and thousands of other WPA works), nationalized defunct banks and loan business (literally hundreds of them), tightened regulation on almost everything, and eventually never lived to see the fruits of his administration’s labors.

Third, and best of all, the post-9/11 Bush Administration’s removal of virtually every bank regulation in existence. What Clinton had attempted to shore up in the 90’s (back when we actually had a balanced budget and a robust economy not riding on a weak dollar), Bush essentially removed them all, at the behest of his buds in businesses like Enron (Ken Lay anyone?). Lo and behold, an artificially inflated economy riding on the coattails of bad economics has crashed so hard, we couldn’t have caught it if we wanted to. Simply because the fix to the problem of a slowing economy was—you guessed it—less regulation.

The lesson behind all this? Conservative economics and politics simply don’t work. They never have, and never will. Conservatives want unchecked capitalism, but if we can all learn from history, unchecked capitalism simply leads to unchecked greed.

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Sports are total waste of money http://www.msu-underground.com/archives/375 http://www.msu-underground.com/archives/375#comments Mon, 06 Apr 2009 18:36:53 +0000 Nate http://www.msu-underground.com/?p=375 Nate Bassett

Contributor

In one of my recent classes, a professor was relating a story from when he went to Missouri State. He said how in the beginning of the fall semester, his fraternity decided to show some school spirit by getting permission to light a bonfire between the old McDonald Hall Arena and what was then Briggs Stadium (now the Plaster Sports Complex). What a waste of money!!!

The reason for this was the football team; they hadn’t managed a win yet and the frat pledged to keep a cauldron boiling in that space until they scored a win. By the time winter break rolled around, there was ice and snow all around the cauldron, and the frat gave up to a season of utter failure.

Now, some people love sports. I’ll be honest and say it’s not exactly my thing. When people get riled up and really enthusiastic about their favorite teams, it’s probably a harmless way to occupy their time. But when it comes to school spirit, academia and a question of where we spend our money, there has to be an examination of the facts.

Colleges often invest heavily in a sports program to raise the prestige of the school and attract students and sales of both tickets and merchandise. It’s an investment in the lives of those involved and the future of the program, with returns of success, increased enrollment and profits. When those returns don’t materialize, we have to consider the other opportunities that exist by investing in quality programs and other methods that promote student success.

It’s no small secret that the MSU football team has not been very successful recently; 4-7 this year, 6-5 last year and 2-8 the year before that. The men’s basketball team has done a little better, going 11-20 this year, 17-16 last year and 22-11 the year before that. The woman’s basketball team loses about 2 games for every one they win.

Now, big deal, right? Why am I trashing on these teams? Because of the inordinate amount of spending and money that goes into these things. According to a Cornell study, “indirect benefits to colleges from successful athletic programs are very small”. Colleges that win championships have a three year spike in donations and applications. Another study by the NCAA itself says spending on athletics is a poor investment, with few financial returns. A few schools are very successful, and the rest aren’t, but want to be, so there’s a positional arms race, with different colleges trying to outspend each other, thinking that a few more bucks will make players perform better. There’s a notion that a coach will emerge who can make everything better, and he deserves whatever we can pay him.

However, most successful sports teams are dynasties. People perceive random fluctuations in the performance of any system to be patterns and find significance where there is none. This is why we try to recruit and hire the best, to build a dynasty of our own, and until it gets done right, or clicks, there’s a lot of random performance. Back to the subject of money, lets take the Plaster Sports Complex (and ignore the much more powerful and costly example of the JQH Arena).

It was originally a construction of the Works Progress Administration, part of FDR’s means of employing the unemployed. It cost $60,000, a costly sum for the day. Its last major renovation was in 1992, which made it the PSC that it is today. In 2006, they finished installing Field Turf synthetic grass for $1 million. Last summer a Jumbotron system was installed at a cost of $2 million.

Noam Chomsky says “Sports… offer people something to pay attention to that’s of no importance. That keeps them from worrying about things that matter to their lives that they might have some idea of doing something about. And… it’s striking to see the intelligence that’s used by ordinary people in discussions of sports as opposed to political and social issues.”

If Missouri State is expecting a return on the investments they’ve made in sports, they’ve found themselves duped. Someone told me we threw away 1.3 million dollars last year on football (besides the jumbotron, I assume) Instead of continuing a costly “arms race” of sports spending on unrewarding ventures, why not decide to build an educational department that can stand out in the state and the nation?

It seems unfair to waste tuition and alumni money on projects that don’t give us our money back, when we could have said, “Let’s have the best political science/biology/theater/whatever department in the state”. As far as I know, MSU has nothing worth bragging about like SLU’s nursing program or Mizzou’s Journalism school. And that’s because we’ve kept focusing our attention on something that Dr. Chomsky would call “training in irrational jingoism.” We can read that as “defending bad ideas against all odds.” That’s certainly the motto of resource-sucking institutions like organized sports.

Today, we’re keeping that bonfire burning, same as it was decades ago. This time, we’re just throwing our tuition money on it.

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