Washington Post Education Scandal

Accuracy in Academia ^ | August 13, 2010 | Cliff Kincaid

[AccuracyAcademia]

President Obama’s Big Government socialism is threatening the profits of The Washington Post, and Post reporter Steven Pearlstein can remain silent no more.

Not only does a Post company now stand accused of fraudulent practices, two high-powered law firms are considering lawsuits on behalf of the shareholders of the Post against the company’s directors, including Warren Buffett and Bill Gates’ wife Melinda.

The company, Kaplan, is part of The Washington Post Company and “has provided the handsome profits that have helped to cover this newspaper’s operating losses,” admits Pearlstein in an extraordinary August 11 column. “Although we in the Post newsroom have nothing to do with Kaplan, we’ve all benefited from its financial success.”

Please understand that Kaplan is facing the threat of tough new federal regulations from the Obama Administration.

Isn’t it interesting how profits are now being defended when they benefit liberal journalists?

Pearlstein has benefited so much that he has written this column trying to protect the profits that help pay his salary. Pearlstein, who won the 2008 Pulitzer Prize for Commentary, is playing public relations mouthpiece for Post chairman Donald Graham, in trouble for the fraudulent practices carried on under his nose by Kaplan employees. They hooked some students on loans they couldn’t afford for an education that was overvalued.

Remarkably, Pearlstein makes a conservative argument—that for-profit educational companies provided competition for public and state colleges and universities. Tell it to the Obama Administration.

Consider the situation: the Post, a long-time mouthpiece for the liberal wing of the Democratic Party—a paper that endorsed Obama for president—is appealing to conservatives and is under fire by liberal Democrats in the Obama Administration and on Capitol Hill because of the activities of its for-profit educational subsidiary.

[panzerkamphwageneinz]

I’m too confused to even understand what the hell this is about.