And if you will note. His comments on it were a total AFTERTHOUGHT made AFTER he had completed his interview/stop and had to come back to the mic to add that comment to his speach.
PLUS this puts him at odds with the Republican backed budget that guts $170 BILLION form PELL grants.
Romney is a flip/flopping LIAR and is misleading everyone as to his real intents.
Is Romney trying to fool young voters by siding with President Obama on student loans?
Mopeder
2012/04/24 11:00:28
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Top Opinion
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sjalan 2012/04/24 17:42:23
In 1992-93, the Democrat controlled Congress "Stafford Student Loan Program" rates fell from 12 to 10%
In 1994-2006, Newt’s GOP takes over control of Congress in ’94.
* Stafford Student Loan rate falls from 10 to 9% by ‘95
* Stafford Student Loan rate low variable rate capped at 8.25% in ‘99
* Stafford Student Loan rate variable rate replaced w/fixed 6.8% in 2006
2007, Nancy and Harry/Barry’s Democrats take back control of Congress. In 2008, they change the rules. Stafford Student Loan went from a flat fixed rate to a complex system of numerous rates ranging from 3.4% to 6% depending on who you are and which group of student you are categorized as, but only if you have a subscription (?).
The Dems put a cap on the entire program and all of their subsidized interest rates for favored students would disappear in 2012 when rate reverts back to 6.8%. Of course all loans to non-favored ...
In 1992-93, the Democrat controlled Congress "Stafford Student Loan Program" rates fell from 12 to 10%
In 1994-2006, Newt’s GOP takes over control of Congress in ’94.
* Stafford Student Loan rate falls from 10 to 9% by ‘95
* Stafford Student Loan rate low variable rate capped at 8.25% in ‘99
* Stafford Student Loan rate variable rate replaced w/fixed 6.8% in 2006
2007, Nancy and Harry/Barry’s Democrats take back control of Congress. In 2008, they change the rules. Stafford Student Loan went from a flat fixed rate to a complex system of numerous rates ranging from 3.4% to 6% depending on who you are and which group of student you are categorized as, but only if you have a subscription (?).
The Dems put a cap on the entire program and all of their subsidized interest rates for favored students would disappear in 2012 when rate reverts back to 6.8%. Of course all loans to non-favored Americans remained at 6.8%.
http://www.finaid.org/loans/h...
So basically, Barry and his band of flying monkeys CREATED the mess, AND NOW he is claiming to want to FIX THE MESS.
PLUS this puts him at odds with the Republican backed budget that guts $170 BILLION form PELL grants.
Romney is a flip/flopping LIAR and is misleading everyone as to his real intents.
In a speech made at CPAC this year, Grover Nordquist articulated out loud a case for Mitt Romney that you usually hear only whispered by other conservative leaders. It appears Republicans have reconciled themselves to a Romney candidacy because they see Romney as an essentially weak and passive president who will concede leadership to congressional conservatives:
"All we have to do is replace Obama . . . . We are not auditioning for fearless
leader. We don't need a president to tell us in what direction to go. We know what direction to go. We want the Ryan Budget. . . . We just need a president to sign this stuff. We don't need someone to think it up or design it. The leadership now for the modern conservative movement for the next 20 years will be coming out of the House and the Senate."
The requirement for president?
"Pick a Republican with enough working digits to handle a pen to become president of the United States. This is a change for Republicans: the House and Senate doing the work with the president signing bills. His job is to be captain of the team, to sign the legislation that has already been prepared."
http://www.thedailybeast.com/...
If he were to make to a second term, he could possibly be a good President, but that will hardly matter. The man is not stupid, but he will be loyal to the party that sponsered him to be President. I think that's why we see a lot of what people are calling fip flopping, Romney keeps getting caught between what he would have supported as policy a few years ago, and what he needs to support in order to get the nomination of the Republican party.
And it has been working for a very long time
It's a political add-on, just some last minute pandering.
Vomit.
The government student loan business was in the hands of the government for decades. George Bush took it from the government and gave it to the private sector to "manage". The funds for these loans came from taxpayer money and were guaranteed against default by the U.S. government--just like Fannie Mae and Freddy Mac, it worked the same way--so it was free money to the banks, they were not loaning their own funds. But banks got to collect the interest from loaning taxpayer money to students, in addition to charging "management fees" to the government.
The banks had skimmed off $80 million of taxpayer money in profits since Bush handed it over to them.
Obama took it back. The government can manage it's own student loan program for a fraction of what the banks were charging to do it. You bet the banks want it back, it was a government subsidized cash cow for them, at YOUR expense.
Romney’s close ties to for-profit Full Sail University have proven lucrative for his campaign. Full Sail’s Chief Executive, Bill Heavener, is a major campaign donor and a co-chairman of his state fund-raising team in Florida. His only concerns regarding higher education have to do with pandering to big bank special interests. Does it make him evil?...I can't say, but it certainly shows how out of touch he is by thinking that supporting a shift to for-profit universities (with their high drop-out rates and outrageous tuition) is going to help anyone except the guys with all the money! He has no REAL understanding of life outside his bubble.
He's a "conservative" who pray to a different god and church but unity to the rest of the greedy republican-t bag and corporation to the same interest.
People were saying that it was a crisis in the making back in 2008-9 and since the Fed completely took control, the $70 annual figure has increased to $100 Billion and the amount of students defaulting has skyrocketed.
We're looking at a $trillion housing market type fall-out in the near futire which will probably entail a payment amnesty program and massive taxpayer bail-out.
It's great that everyone gets a chance to go to college but these students will be graduating in the next few years with Liberal Arts Degrees in an already saturated market with so few jobs they will be flipping burgers if they're lucky and may as well put their degree to some use near the toilet.