Charles Payne

Rollin' down the street smokin' endo sippin' on gin n juice
Laid back—with my mind on my money and my money on my mind
-Snoop Dog

One thing we talk about in this country is keeping it real, but it's the last thing we really want to do when it comes down to our own personal situations and circumstances. For instance, when President Obama says in speeches that people lost their homes, jobs, and dog (oops ... that's a country western song) through "no fault of your own" I want to scream. Come on! There are a lot of victims of the economy, but the fact is when businesses had to lay off 5% of the staff it was the top 5% of underperformers. People bought homes understanding the small print but counting the riches of the flip six months later. Some people simply thought they would be in a better place.

It's called accountability.

As the nation struggles to climb out of the abyss, many people will not be able to come along for the ride because they simply aren't prepared. Case in point, the Metro Transit System in Washington DC has a dilemma on its hands. They can't find enough qualified applicants for good paying jobs. The starting salary is $60,000 with an average of $69,000 with overtime. There should be a stampede, and indeed according to the Washington Times, there are applicants-—they just can't pass tests and other requirements. The test includes three-parts that focus on reading, behavior and customer-service.

Only one in four pass the test, and oddly, those with college degrees and strong work ethics have a documented inability to succeed within Metro. Say what??? Is this Bizzaro World, an episode from the Twilight Zone or just plain lunacy? But I get it, and its real, and nobody talks about this side effect from a nation that has a dumbed-down education system and fading respect for hard work and achievement. Just think of the hottest television shows these days. My goodness, could people look stupider? I don't see them all, but it appears there is a race to the bottom.

In the process, the minority is the educated or hard working person that didn't go to college but is inquisitive and ready to go beyond the call of duty. In many settings, especially heavy blue collar work environments, they are actually treated poorly. They are actually treated with disdain. Moreover, moving up the ladder has more to do with non-performance factors than true merit. Even with this backdrop, good paying jobs continue to go begging. Out of 1,000 applications only 30 become bona fide job candidates, and then only a few of those are actually hired. That means out of 1,000 applications at least 970 are rejected.


Charles Payne

Charles V. Payne is a regular contributor to the Fox Business and Fox News Networks. He is also the Chief Executive Officer and Principle Analyst of Wall Street Strategies, Inc. (WSSI), founded in 1991 which provides subscription analytical services to both individual and institutional investors.