Obama to his dopey 20-something Obots: I've Got Nothing For You

[Crossfire600]

Originally Posted by MTAtech

According to the article:
So what is it, exactly, that you want Obama to do about student loans? Do you want him to wave his magical executive order pen and make prior loans subject to current rules, contrary to the law?

Well, let's see he's pissed away billions on the bail out and gave it to his handlers... He pissed away billions on green energy companies owned by his buddies and they went bankrupt while their owners walked away with billions.. So, he can't help the kiddos?

He has waived his magic wand and destroyed the Constitution and Bill of Rights so this argument doesn't hold a drop of water. He doesn't give a rats hooter about US law. The only law he follows is his own as long as it serves his agenda.

Oh, I know what you want. You just want to ridicule and point out there are problems and blame them on Obama.

Blame falls clearly on his head. He owns this freaking mess. The economy is in shambles, the world view of America is in the tank, millions out of work, 97% of all jobs created in the last 6 months are part time, millions quit looking for work, half the country on food stamps, record number of people on disability. Yup, put a moron in the Whitehouse this is what you get.. Deal with it.

What the President did with regard to student loans was change it from a system where the banks would play heads we win, tails you lose. The banks charged students interest, which the banks kept. If the student defaulted, the U.S. paid the loan. The reform loans out government money and the interest belongs to the government. The risk is the same as the old system.

If a student defaults they will attach wages until they get it back. In some cases, if the parent co-signs, they will file a lien against the parents. In some cases they attached retirement checks.. They will follow you to the gates of hell to get their money. Oddly enough, it's not even their money. It's our tax dollars they are loaning out to our children.. How's that for asinine.

What world do you live in?

[Goinback2011]

Originally Posted by freemkt

If the student defaults, they get to pay interest to the government, plus hefty fees, so the government is making a ton more money off defaulters than banks would.

And the IRS will take the money from any tax return they might otherwise get. Nice collection agency.

[le roi]

Originally Posted by Rick Roma

So then you admit that Obama has no answer which is the topic of the thread.......

Uh.. it looked to me like you attempted to pack in a much bigger narrative than that into the "topic of the thread"

[MTAtech]

Originally Posted by freemkt

If the student defaults, they get to pay interest to the government, plus hefty fees, so the government is making a ton more money off defaulters than banks would.

What you describe is what happened when banks ran the program. Te only difference is that non-defaulting loans pay interest to the government not the bank. This is reasonable since the govt indemnifies the bank against default risk.

[MTAtech]

Originally Posted by hawkeye2009

Yet these same idiots will vote for another "Obama" in 2016, assuring thier economic misery. It used to be that people voted for a POTUS that would help the nation. Now, idiots vote for a "leader" that will assure thier economic misery.

The very policies that Obama promotes are contrary to economic growth, which will provide jobs and thus get millenials out of thier parent's basements. Let's see............

1. lower corporate taxes
2. corporate consumption tax
3. lower income taxes
4. allow energy exploration on federal lands
5. stop the war on coal
6. repeal Obamacare
7. national right to work act
8. repeal/renegotiate NAFTA and China most favored nation trade status
9. force all EPA regulations to be passed through Congress
10. ban class action suits
11. national right to work act
12. balanced budget amendment

Gee...................... Obama is opposed to all of those things!

1. Corporations are already hoarding trillions of dollars on the sidelines. What makes you think lowering their taxes would have them spend or invest that extra money instead of hoarding even more cash at the expense of the Treasury?
2. Consumption taxes in general are regressive and promote an underground economy.
3. We already experimented in the 2000s with lower income taxes. They didn't produce the jobs promised and turned surpluses into deficits.
4. We already do this.
5. There is no war on coal but what you want is relaxation of air pollution standards that harm people.
6. Obamacare does many good things for people and saves the government money. It also isn't an economic hinderance.
7. Right to work acts are designed to lower pay and worker protections. This is why corporations fight so hard to pass them. Hint, they're not doing it for the benefit of the workers. That's the last thing we need.
8. The u.s. should be more aggressive with china.
9. The EPA has done a remarkable job lowering air and water pollution. Adding the burden that regulations must be approved by Congress, means no regulations would be passed. That's backward policy.
10. Class action suits have a positive purpose. It doesn't pay for me, or anyone else,to sue a company because they cheat me out of ten dollars. So, the company gets away with cheating. Class action suits stop the cheating by allowing many who have been cheated $10 to sue as a group.
11. Same as 7.
12. Balancing the budget during a recession causes depressions. It also prevents government from running deficits during emergencies. We couldn't have won WWII had we had a balanced budget requirement.

Your list is merely right-wing talking points, that throw us back to the labor abuses and environmental abuses that existed 100 years ago. They have no economic merit. Obama is opposed to those bad ideas precisely because they are bad ideas.