The new College of Western Idaho, set to open January 20, joins a long list of ventures that glibly blame “the soft economy” for failing to meet predictions. It looks like the long awaited opening will fall two-thirds short of predicted enrollment.
We fear the bill of goods sold to voters was overly optimistic and a bit simplistic. When folks–including the GUARDIAN–pointed out there were plenty of educational opportunities already available, they were shouted down. We are particularly concerned with the scheme being put forth by the city of Caldwell to build facilities for the Oregon based Treasure Valley Community College, in direct competition with CWI.
Officials at TVCC, CWI, and BSU have all claimed “there is plenty of need” go go around. Apparently that is simply not the truth. Truth is, the institutions all compete with one another for student dollars and government funding. All too often educational institutions view students as sources of revenue instead of minds to educate.
There is really a lot more involved in most of these “risky businesses” than a soft housing market, banking crises, stock market crash, demise of the auto industry etc. GROWTHOPHOBES need to unite and demand that proponents of ANYTHING impacting society “Show us the money.”
Remember Tamarack was claiming all sorts of huge sales–which were really nothing more than EARNEST MONEY AGREEMENTS. Those agreements didn’t translate into cash and they blamed a crooked stock broker in Paris. Right!
Micron gets all sorts of tax breaks, will never pay corporate income tax and remains the largest non-profit corporation in Idaho. Meanwhile businessmen who run a tight ship, pay their staff and don’t run off to Asia have to pay nearly double their unemployment tax rate to care for unemployed workers.
Today’s Daily Paper reports that growthophile developers are scamming to bring in more California companies to populate the foothills near Eagle. Meanwhile Idaho Power is quietly aiming–if we understand the P.U.C. filings correctly–to increase rates for those of us already paying for power so they can service new customers.
Easy to blame “the economy,” but most of these projects are ill conceived and are a house of cards waiting to fall. Whether it is dishonest lenders and borrowers or developer/promoters lobbying governments to give them breaks, the solution is NOT putting more individuals and businesses into deeper debt to “stimulate the economy.”
SINGER TOP PAXTON SUMS IT ALL UP in this song. fannie_mae.
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