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    Obama asks CEOs to pump money into public schools

    Obama (AP)President Obama is asking the CEOs of Time Warner, AT&T, and other major companies in a meeting today to funnel money into the nation's public schools, which are facing steep budget cuts on the state level this year.

    The Wall Street Journal's Stephanie Banchero writes that both Bank of America and Microsoft will announce new investments in K-12 education after the meeting: $50 million for programs to prepare low-income students for college and a $15 million investment in video-game technology for the classroom, respectively.

    According to data from the National Association of State Budget Officers, 18 states cut spending for K-12 instruction in fiscal year 2011 by $1.8 billion. Proposed cuts for the next fiscal year are much steeper: They total $2.5 billion for K-12 schools.

    But some education advocates and teachers' unions have argued that corporate money comes with strings attached. The three biggest foundations that donate to education initiatives--the Broad, Walton, and Gates Foundations--all strongly support charter schools and back the evaluation of teachers based on how their students perform on standardized tests. The millions these foundations pour into education reform efforts each year have changed the shape of the national debate on education, as education writer Dana Goldstein explains on her blog.

    According to the Journal, corporate donations to education initiatives totalled about $514 million in 2009.

     

    31 comments

    • Ursus Californicus  •  10 mths ago
      And why shouldn't teacher's performance be evaluated based on performance? Lots of people are judged based on their performance in situations where they have a very modest amount of control over outcomes; sales representatives, farmers, therapists & nurses, & cooks, to name a few. Why shouldn't teachers be evaluated based on performane. (And why the @#$@% does "tenure" exist; what benefit does it provide... it is non-existant outside of the union construct. If a teacher would advocate for "tenure" for their dentist or cook, I will vote for "tenure" for someone who teaches my kids... performance is ALWAYS important.
      • Ursus Californicus 10 mths ago
        Wish I could edit. "Pay based on performance"
      • 4GETIT 10 mths ago
        The answer is THE UNIONS ARE IN CHARGE!!!!!!!!
    • gasman  •  10 mths ago
      Socialism at its' finest! What a joke of a president.
    • 4GETIT  •  10 mths ago
      This man wanted to be president of these United States of America, he keeps pushing
      leadership onto others, why does he not just resign, he cannot do the job.
    • Jack Young  •  10 mths ago
      obama spent the lottery money thats why he wants everyones elses. sorry he dont want nonamericans money cause he wants re-elected
    • A Yahoo! User  •  10 mths ago
      Where's the millions generated by the state lotteries going? It's supposed to go towards education. Even college grads don't even know when to use "you're or yours" in a sentenance. Schools are too concerned with making sure God doesn't get through the door, rewriting our history, and pushing Ritalin. Not concerned enough with reading, writing, math, grammar. Gwad, I miss the real America.
    • Hacksaw  •  10 mths ago
      Obama wants to keep the American youths ignorant, so he will have a super majority of voters that depend on the government support. Teachers Unions are mad because they cant control the mmoney being funneled into the system.
    • Malcolm H  •  10 mths ago
      These politicians don't send their kids to public schools. Under Obama underprivilage children cannot even get vochers. How come? The public schools are the ones that teach our children the secular religion and the liberal agenda, isn't that good enough for the "privilaged" children of politicians?
    • Greg A  •  10 mths ago
      What? I'm shocked. The taxpayers pay billions and billions of dollars to the schools and it's not working? Instead of arm twisting the CEO's he ought to looking to them on advice to run them more effectively
    • Scree  •  10 mths ago
      Socialism to the core. Everyone must have an equal amount even if they're fat, lazy or too stupid to fend for themselves. In the end, it's the American taxpayer who will have to pay the brunt of the money. Corporations will raise the costs on their goods to make up for the government's pillage of their profits.
    • TRUTH BE TOLD  •  10 mths ago
      the obumnator must be losing his mind, if he thinks they will give back the money he gave them to keep their companys from closing, its better for them if the schools close, cheap uneducated labor, what a deal
    • Peter Wolf  •  10 mths ago
      So now that the federal government and state governments have run out of money, Obama is asking the private sector to pour their money down this bottomless pit.
    • Peter  •  10 mths ago
      obama throwing money at problem to fix it, yet does not know what the problem is! that seems to be obama plan print money then flush it down am hole.
    • leonardo  •  10 mths ago
      Pumping it into a sink hole.
    • thenatural  •  10 mths ago
      Schools get plently as is, and to what result in our kids and grandkids, they read and write and know their basic math at a much less proficient level then previous time frames, know obamer wants more money from our corporations who he is already anxious to tax at a higher level, what a obamanation this president is turning out to be.
    • Chicago Steve  •  10 mths ago
      Public schools should be PUBLICLY funded. Why are they trying to increase taxes on corporations and simultaneously ask them for funds for schools?
    • Keen Observer  •  10 mths ago
      What a surprise. Corporate money comes with strings attached? How about all the strings attached once schools agreed to take federal money? They put in all manner of dumb down programs to level the playing field, and we now have a higher dropout rate than ever, and "graduates" who can't read or write, and have no sense of structure, responsibility or self discipline..no employer wants them. All those big bad meanies in private enterprise, that this jack--- has maligned, and whose pockets he continues to try to pick should tell him to drop dead.
    • Lee  •  10 mths ago
      Why are the federal government and national, even multinational, corporations being giving so much authority for public education?

      It will never happen, but public education is doomed if the DoE is not abolished and education control is returned to the states and local communities.
    • Malcolm H  •  10 mths ago
      what money? with the Obama regime taking all corporate profits, taxing and regulating them, and making them give money to his campain so they can stay in business they don't have anymore for the kids, they do deserve the money more than Obama!
    • yooper  •  10 mths ago
      Wait you mean that if the corporations give them money they want something in return like teachers who teach and have the test scores reflect it. Dear God, what has this world come to? We pay for public schools and expect our kids to get a good education. What are we thinking? Those poor, poor union teachers who have to work 9 months out of the year and get a tenure with a sweet pension after a few years. Shame on us!
    • michbol  •  10 mths ago
      Check out the balls on this dude... He spends every minute of every day bashing the business community and now he wants money from them for the failed Department of Education and public school system
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