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Video: Does college matter in Obama’s economy?

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Peter Schiff of “The Schiff Report” takes a camera crew to New Orleans’ Bourbon St. and asks cabbies, bartenders and sign wavers if they went to college, when they graduated and what they majored in.

According to the video’s description, “President Obama promotes the myth that everyone must go to college. That if you don’t go, your life will be ruined — that you will end up waiting tables, or trapped in some other mundane occupation. The truth is, even with a college degree, you may still end up waiting tables, you’ll just begin your ‘career’ four or five years later, tens of thousands of dollars in debt.”

Throw in a little Obama economics and before you know it, your kid has set up his crib in your basement.


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