@Mattcable: Excellently put. The biggest liars in this business are the conservative elites, be they in politics or the media, who consistently use the shorthand "liberal media" or "eastern elites" to trash the other side. The Sarah Palins and Ann Coulters, who certainly know better, are intentionally using the hatred of the non-elite against their opponents. All the while, the conservative elites at Goldman Sachs have been robbing them blind.
@patron002: Your argument abounds in the red herrings and strawmen that are the biggest problems with this pointless culture war. I know of very few people that actually believe, "X has a degree, and is therefore a better, more intelligent person than Y." You use your own experience of getting/having a BA to prove your point, but let me explain where your argument gets muddy:
When choosing an employee, most bosses don't necessarily decide based on whether this person knows more about the field or is more intelligent than the other candidates, rather that they can be depended on to show up and work hard, and be willing and able to learn the rest. Your holding a BA from a known university automatically tells a boss that:
a) You showed up often enough to class to get credit.
b) You did the work, then learned and retained enough to pass tests over it. And most importantly
c) Day in, day out, you did what you were told when it mattered.
Like you said, this doesn't make you a better person, or even a smarter one, but it means you are more qualified for a job than your fellow applicants who didn't do these things. No one faults bosses for making decisions this way.
When you extrapolate from here to PhDs who know nothing, your argument goes from apples and oranges to silly. A PhD in a field isn't about having money and a lot of reading and then magically "writing a book." A PhD says that you have focused on a certain topic, learned (yes, learned!) and digested everything that has previously been done in this area, and then added uniquely and originally to this body of knowledge. And then you've passed through the gauntlet of a highly knowledgeable committee poking holes in your work, coming through with dignity intact. All of it points to the highest level of academic achievement and a reliable marker of being an expert in your field.
Again, this is about qualification. We want PhDs with relevant expertise to be making decisions about our most pressing and complex issues, and we can only hope that the people with the money and power respect the opinions of those experts. Yes, climate scientists with PhDs can have a certain ideological slant, but it is correct to say that their opinion is more valuable than say, Andrew Schlafy's, in matters regarding climate change.
Where this entire culture war hs gone off the rails is when the Sarah Palin's of the world can say, "I'm not one of those people who [fill in the blank with a certain mark of achievement]," and this counts as expertise and qualification. It is not; it only evidences a lack of respect for the people who know things. It shows that were she making decisions of great importance, loyalty and ideology would matter more than expertise. This is how faulty wars come about, and how nations get run into the ground.