Politico Declares Obama's Bald-Faced Student Loan Lie 'a Bit of Hyperbole'
Because the media knows that the only way Obama can win national elections is by lying about practically everything, the media is absolutely a-okay with Obama lying.
Obama lies about his relationship with domestic terrorist, Bill Ayers. No problem.
Obama plants over 38 falsehoods in his autobiography. No problem.
Obama lies about his socialist New Party membership. No problem.
Obama lies about Romney's outsourcing. How can we help.
Now Obama's been busted telling a massive whopper to a demographic extremely important to his reelection and the media not only buries it, but downgrades it to "a bit of hyperbole."
Hot Air's Ed Morrissey makes the bust:
Two weeks ago, Barack Obama expressed frustration with the pace of negotiations on extending the interest-rate cap on student loans[:]
We’ve been talking about it for a long time. If Congress does not get this done in a week, the average student with federal student loans will rack up an additional $1,000 in debt over the coming year. If Congress fails to act, more than 7 million students will suddenly be hit with the equivalent of a $1,000 tax hike. And that’s not something that you can afford right now.
Wow — just how much debt is the average student carrying? If a move from 3.4% to 6.8% could add $1000 in interest each year, that must be one heck of a loan.
Politico actually did the math, and suggests that Obama might have engaged in a little, er, “hyperbole”:
That was a bit of hyperbole. According to the Department of Education, if rates double, the borrower paying back the average Stafford loan would owe an additional $1,041 over the 12-year life of the loan. That would break down to $87 more annually, or about $7 more a month.
Yes, you read that correctly. Obama tells young people that unless Congress doesn’t do what he tells them to do, a very important voting demographic will face an additional $1,000 in added interest a year to their students.
Only it's not $1,000 a year, it's $87 a year.
And rather than make Obama pay a price for his never-ending series of outrageous lies, Politico buries this particular lie in a story about something else and, through the magic of journOlist alchemy, declares turning $87 into $1,000 "a bit of hyperbole."
But this is the same corrupt Politico that not only gave Obama permission to continue lying about Romney's outsourcing, they are also repeating the lie.
The President did not say that people with student loans would incur an additional thousand dollars in debt in one year, but that their total debt burden would rise by at least that much. And he's right. If you graduated last year and went to a private college for four years you could very easily be carrying $50,000 in debt or more. 3% of $50,000 is $1500.00 annually. So for any student carrying over around $34,000 in debt, they will incur an additional $1000 in debt by a 3% rise in interest rates.
And if you're going to embarrass yourself at least find a source with an ounce of credibility instead of going back to Breitbart. You can't take any claim of bias or inaccuracy seriously when your source only exists based on the lies and criminal acts of its dead founder.
And again I see you like to bring up Brietbart. That is extremely funny in that you very seldom provide a source for the BS you post but expect everyone to believe it. And when you do have a source it is the Huffington Post or Addictinginfo.com. Now there are two stellar sources providing and unbiased viewpoint. Your hypocrisy is shining through brightly.
At this time I will state what I did on a previous post. Your pitiful remarks about a dead man prove just how low you have gotten. So at this time I will not even attempt to have a worthwhile discussion (which has been impossible as of late) with you as I will not lower myself to your repugnant level. You stated Brietbart was an evil man. Someone who speaks ill of the dead is about as evil and low as someone can get. You have now reached a new and more repugnant and pathetic level. Goodbye.
It is called the "big lie" propaganda tactic.
The one who believes the big lie to be the truth is 0bama, which means to me that
he doesn't know what is true and what is a lie anymore............ to him his whoppers'
have become truths because he has heard them so often.
I can't stop laughing............. You must be spending too much time listening
to Nancy Pelosi........ Learning from a pro; oh, I meant to say two pros........... or
even three if you include Reid.
Obama is a pathological LIAR. He lives in his own little delusional World of 'ME' and 'ME' only.
are a mindless 0-bot!