Barrak Obama turns on for profit colleges, when will he give up on charters too?

Seriously what's the difference between the two? As a group they both provide substandard educations and as a group making money not educating children is their top priority. Furthermore mostly through marketing they stop students from going to schools that will prepare them for college or the future. If one is bad, then how is the other good?

From Politico: On Wednesday, the Obama administration will begin choking off the financial lifeline of for-profit colleges whose graduates can’t find well-paying jobs — and the move is likely to accelerate a wave of shutdowns for an industry taking assaults from all sides.

http://www.politico.com/story/2015/07/barack-obama-pushes-for-profit-colleges-to-the-brink-

I am not saying all charters are bad, unless apparently you are in Ohio and Louisiana, but enough of them are that the entire industry is suspect. In my home state of Florida nearly 300 have failed and one in six of the ones that remain are teetering on the brink of financial collapse. Furthermore as a group they under perform when compared to public schools. Then many of those that aren't doing poorly either financially or academically are part of chains that have set up in affluent neighborhoods, draining away resources from the schools there and offering zero in the way of innovation. 

This is a good move by the president. An even better one would be stop out sourcing our school aged children to for profit companies more interested in the bottom line than educating them and instead investing in our public schools.