I suppose, this is Obama trying to buy back the youth vote. Because, he knows, the “change” proverb doesn’t harbor the same euphoric hipness that it did in 2008. And his purported “cult of personality” trademark has lost even it’s cultish vibe.
So, his new ploy is hawking a form of student loan propaganda — weaved together with a “demonize Republican” stratagem. Pretty typical.
“This is a question of values,” the President said Saturday during his radio and Internet address. “We cannot let America become a country where a shrinking number of people do really well while a growing number of people struggle to get by.”
Yeah, I forgot one: also combined with the conventional class-warfare rhetoric.
Obama wants Congress to extend a law that cut interest rates on a popular federal loan program for low- and middle-income undergraduates. If the law expires, the rates will double on July 1, from 3.4 percent to 6.8 percent.
Ahem, housing crisis, which the student-loan debacle is soon becoming.
What these young chumps fail to realize is that our higher-education system — which has been riddled with federal subsidization — has transformed into a subtler form of our healthcare system. It’s essentially 3rd-party pay, which equivocates to rising tuition costs — something we are all quite aware of.