In an "After the Recession" interview with the New York Times, today, President Obama slammed the quality of education at U.S. colleges in the age of grade inflation, naked parties, and IvyGate.

The somewhat convoluted criticism outlines the difference between the high school education his grandmother used to ascend to corporate vice presidency and the college education most kids are currently using to ascend the stairs of the local unemployment office. And he trashes the letter-writing skills of University of Chicago Law School students!

She went to work as a secretary. But she was able to become a vice president at a bank partly because her high-school education was rigorous enough that she could communicate and analyze information in a way that, frankly, a bunch of college kids in many parts of the country can’t. She could write —

Today, you mean?

THE PRESIDENT: Today. She could write a better letter than many of my — I won’t say “many,” but a number of my former students at the University of Chicago Law School.

So you're probably thinking where's the Ivy? Who needs to know how to write a letter when some can pull in six figures for kissing great ass? Excellent question, Watson! No matter what the name of the school is, the recession is slapping the meaning of employability across its status-obsessed face. And even Obama's Columbia-Harvard one-two doesn't mean a thing if you have no real abilities.

After the jump watch some Wharton students wipe their noses on the cuffs of their Thomas Pink shirts.

So a couple of weeks ago, the Times did a little video on "Life After Wharton." You already know the gist of it: No jobs. Low bonuses! That Wharton education was a scam. Mommy's keeping Whole Foods on the Table. I'm still privileged after all!

Here are a few gems from the ponies' mouths:

The kid who actually got a job that can support strip club habits says:

Would I rather have entered the job market in an upswing. Probably. My bonus would be higher.

The fella who knew he should've taken more economics classes says:

I was feeling down about not getting a job and I felt bad.  But my parents gave me a pep talk and I'm going to Europe.

The girl we've taken out of context says:

I think it's a blessing in disguise....I saw something interesting: being a personal assistant....I'm gonna apply to that.  I'm gonna apply to the most outrageous and extraordinary jobs possible right now.

The same guy who misses his bonus says:

I don't think that people have been freaking out. People are worried. But I think that people are finding different ways to handle it.