David Axelrod is moving on and will spend his time working on the next generation of state-run media mouthpieces.

“What do you do next?” CBS’s Bob Schieffer asked Axelrod.

“I’m going to spend part of my time starting an institute of politics at the University of Chicago,” said Axelrod. “My feeling is if I can help inspire some young people to get into this arena as candidates, as strategists, as journalists, then that would be a great contribution to make.”

I hope the kids he inspires don’t rack up too much student loan debt. The LSM is dying and by the time they’re out of college they’ll be lucky to earn minimum wage.

Update: The big jerk also said Obama has a mandate to raise taxes, even though he said the opposite just the other day.