"The ONE"
The new Obama student loan program will be done... President Obama Wednesday reached out to young voters in a key swing state. On his second campaign visit to the Rocky Mountain electoral battleground of Colorado in a month,the President said,"We want you in school. But we shouldn't saddle you with debt when you're starting off," referring to the high fees, many US students face on the way to a degree.
Obama's plan, to be enacted by executive order, will mean payments would go down for 1.6 million Americans who are stuck with student loan debt. WHAT THE PRESIDENT, IN HIS INFINITE WISDOM, FAILED TO MENTION WAS...after all is said and done the average student's monthly payment will fall by, ( hold on to your hat) between $4 and $8 and maybe as much as $10 in some cases.The President did say,"These changes will make a difference for millions of Americans. It will save you money.( failing to mention just how much of a saving) It will help more young people figure out how to afford college. It can put more money in your pocket once you graduate," he said.
The plan was among a series of initiatives that Obama unveiled during a three day campaign trip to California, Nevada and Colorado using his executive powers, thus under minding the way America's government operates.
There is no doubt young voters will be especially crucial to Obama's re-election hopes in Colorado, a swing state where he fired up young, first time voters in 2008 on his way to the White House.
By coincidence, Obama was in Denver exactly three years ago to the day, in days before his presidential election victory, talking to a massive crowd of more than 100,000 people, many of them young voters. However back then he didn't tell the young first time voters he would do what other President had not done by working around the system and the way the government has worked since the country's founding. This President must believe he knows more than all the Presidents before him. I would dare to remind the President and those who will be voting in the next election, first time or not, America's government is not a One man rule government.
It' doubtful this is the change many voters had in mind when the present President promised Hope and Change.
It's clear to see the savings the President wants young people and parents to imagine are far more than what the end results will actually be. The President didn't say just what these "GREAT" saving would cost to implement.