Charles Payne

The old poverty pimps and entities with vested interest in stirring the pot and limiting hope are pushing in overdrive these days.

In today’s USA Today, Jesse Jackson is claiming that the lack of diversity in Silicon Valley is a sign of racism and sexism. He is calling on President Obama to do something about it.

“There is no talent shortage. There’s an opportunity shortage.”

Jesse Jackson

What he has done is actually cite the fact that Silicon Valley is hip and put out neat gadgets as the reason it gets a free pass for being one of the most bias industries in the nation. (Of course, he didn’t add that tech giants have been putting a lot of money into politics, including millions to get President Obama re-elected). I have been actively covering this on my show: Making Money with Charles Payne, and think Jackson (and many others) are missing a very important point:

America’s education system, mired in the same mindset of protecting teachers and promoting victimization and hatred of capitalism, is failing our nation.

A big reason schools are failing its students and the nation is beyond putting union interest first is because of a watered-down curriculum that was demanded by people like Jackson, so that all children felt smarter by getting better grades. But in the real world, you either know how to code or you don’t, and a Gentleman’s A throughout high school only makes you underprepared for great Silicon Valley jobs. In fact, it makes you underprepared for life.

Academic success must begin early with serious demands from teachers, parents and students. The so-called achievement gap between black and white students can be traced to long summer vacations where students forget what they’ve learned and don’t bother to feed the brain. White students fade, but do enough during summer break not to recede, whereas black students just aren’t getting any academic reinforcement.

Jackson will find someone to blame for that, too.

Thus far, Jackson has been able to get some big names in tech to reveal diversity (or lack thereof) at their workforce and soon, Pandora and E-bay will join the likes of LinkedIn and Twitter. Each will make for great fodder and headlines, but missed opportunities for an honest assessment of America.

Twitter Diversity

“We” Can do it!


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.