The Joe Biden Presidency I :: Hallelujah!

Full interview with Seth Meyers. Biden clearly is still pretty sharp, much sharper than the orange idiot.

 

Nah, that was Chris Christie with the ice cream cone, chasing some guy down the boardwalk on the Jersey Shore.

 

Cracking on non-filers:

Hundreds of thousands of rich people think they're above the law and don't even bother filing taxes. Glad to see we're cracking down on this crime wave pic.twitter.com/xfJxETahqc

— James Medlock (@jdcmedlock) March 1, 2024

 

An example on how trying to buy peoples votes ends up not working as you expected.

Those of us with student loans know how crushing they are. I borrowed $90K. Made $64K in payments like clockwork. Still owed $80K. I was sitting in a pub in London when I got the email. It was the happiest I'd ever been since my mom beat cancer. Still not voting for him.

— x_X_I Love the Universe_X_x (@Universe__Lover) March 1, 2024

 

Oh, 1 person's opinion. Cool

 

I have posted others, but there is no study out there on how many people have their loans forgiven and are now in the 'won't vote for genocide Joe' camp.

 

Must be nice to be so special

 

I'm sorry, is this meant to be funny???

Are you maybe suggesting he should be doing things things that deliberately make people worse off so they DO vote for him?

I mean, what's your point here?

 

He's IC'ing as always. Joe is so unpopular with Republicans that even forgiving thousands of bucks in student loans won't sway them.

 

Not sure if it was his point, but what I simply took from it was 'you cant fix stupid'.

Obamacare is similar -- Improved many lives but I bet there is a good chunk of people that are benefitting hugely from it that still vote Republican (probably based on issues that don't even impact them). Some of them are so stupid they don't even know they have Obamacare.

"Sure, he saved me a $100k but I saw a video of a bunch of migrants scuffling with cops in a place I never even visit, so Trump it is"

 

What I got out of it. Maybe if his momma had croaked he'd have appreciated Biden's loan forgiveness more.

 

This dude and other young people that agree with him are more in the 'both parties are the same" camp.

He could be one of those Bernie Bros that would never vote Democrat anyways.

The Israel-Hamas war is just the excuse he is using.

 

While all of this is true, I disagree 100% with his assertion that forgiving student loans is trying to "buy votes". That is just lazy thinking.

 

It's good for the economy. That individual now has $800 more disposable income than before. That will go to pubs, etc instead of going to large banks to line the pocket of the CEO with multimillion dollar bonuses.

 

Well, yeah... I get that. But it's hardly a startling revelation, is it. I think we all pretty much KNEW that.

 

It's an interesting question as to whether a debt that's mainly taken on by people who go on to earn more money should be forgiven when debts that mainly impact on the poor and who earn less, isn't.

Another issue though I suppose.

 

From a political POV, college educated are becoming a huge pro Democrat demographic, so it makes sense to throw money at them. Plus Biden is doing it by executive decision, much easier politically.

From an economic POV, a round of stimulus to say the bottom 20% of income earners may have a bigger impact, but Congress is not going to approve that and it can not be done by executive order.

 

I'm basing the following solely off a conversation with a colleague who was talking about her daughter's student loan. She was telling me that you can't pay it off early by doing double payments, etc. You are forced to pay the interest regardless. Again, I don't know the circumstances of the loan, but that sounds very counter-productive if you are the one taking a loan, and quite profitable if you are the lender. From the comment in the tweet that started this conversation, it sounds like a very similar situation, where your money goes to pay interest, not the actual loan. I can see why that is problematic.

 

So far as I can tell, those whose debts have been forgiven have smaller amounts, have been paying for a decade(s), or have already paid a decent chunk of their debt. No?

 

What a stupid comment....SMFH..... What's next? All lifes matter?

 

No it’s not a stupid comment. I mean if you can’t defend the policy maybe it’s a bad policy? Name calling isn’t enough.

@celito

1. We often do. It’s called bankruptcy.
2. Also, see COVID business loans
3. The argument in favor is that we are better off as a nation forgiving this debt. @Sounders78 gave a classic example of how that works.
4. We should incentivize higher education.
5. We should not have a society where class inequities easily replicate themselves via college diplomas as an expensive gate keeper.