Looks like Fox News has decided to attack anyone, who wants to do anything.
To relieve the enormous amount of student loans that are crushing Americans today.
And the recent example, is Kennedy who had
a great argument against providing student loan relief, let's watch.
>> I worked full time, Monday through Friday and took weekend classes to get
my law degree, and still close to 200,000 dollars in debt.
>> No, that's all I hear.
>> That was a great argument.
I mean she really won.
Yeah, that was great.
I could see that Fox News really goes out of its way to hire people who have smart
arguments to make.
>> Yeah have you noticed that Fox News as opposed to every single
government proposal, that would help you?
>> Yep. >> Okay, but opposed to zero proposals,
that would help corporations.
So when the Fed was busy printing trillions of dollars and
handing it to the top corporations, Fox News never said a word.
>> Not a peep.
>> Okay?
Paid family leave, no we can't have that.
After you deliver what, what you take a lunch break and then back to work.
What, you don't need any paid family leave.
You guys are bums, you gotta sit in the hospital for a day or
two after you have the baby.
Higher wages we showed you yesterday across this clips against a higher minimun
wage, you don't need any higher wages.
Health care, you don't need no stinkin health care corporations got a $2 trillion
tax care from Bush and Trump.
Yes corporations are awesome, helping the American people no.
Okay, so that's Fox News, the most hilarious fake populist of all time.
>> I mean especially when you consider the salaries of on air hosts of
Cable News Networks, right?
So Kennedy doesn't care, cuz Kennedy is untouched by this issue.
And in fact, she decided to give a Democrat some props for
failing to fulfill his promise.
Although it was a week promise to relieve some student loan debt.
Remember Joe Biden, had said that if he was elected president,
he would forgive up to $10,000 in student loan debt.
Of course he hasn't done any of that, and Kennedy is very happy about it.
>> So people who will ultimately be richer than you are stealing your money,
to pay for their bad choices, got it.
Who loves free college and student loan forgiveness, progressives.
Colleges have long been propaganda factories, and
while do gooder lefties want free school, they despise free speech, isn't that fun?
Students and their parents who see what's going on in these pink a bastions,
are giving more thought to delay in college.
Or instead turning to trade schools that offer little debt, and
higher starting salaries, and sexy callouses yeah, pipe fitters.
Society should never be on the hook for your bad decisions.
And it is not your right to have a debt free experience steeping in the toxic
tea of progressivism.
>> Yeah, so she made one okay point there, which is emphasizing trade schools.
Trade schools are great,
if you wanna learn a trade I think that's a great option, okay?
But there used to be a time in this country where public
universities were free.
So people would be able to go to college,
without having to dig themselves into a massive hole.
But that option is no longer available.
Even state schools have become out of reach, out of touch, for ordinary people.
Who want to not only get an education, but let's keep it real guys.
It's really hard to get a well paying job in this country, without a college degree.
And it's becoming increasingly difficult,
to get a decent job in this country without a graduate degree.
So that's not just a four year bachelor's degree, but
you need a masters, or a PhD, or some other JD whatever.
Some other post four year college graduate degree,
in order to qualify for the jobs out there.
So it's rich for someone who has this cushy job,
on Fox News, to say you made a bad choice as.
You made a bad choice as I like pipe fiters, I like calluses like shut up.
She's so disconnected from the reality that American face, and
she's not the only one, and it's not just Fox News.
We see it across all corporate media, but let me give you some of the stats.
Because this is what students in America are coping with right now,
because they literally have no choice.
Either you get an education for a decent job, or you don't get an education, and
make minimum wage.
Which is barely enough to provide for a one bedroom apartment in this country.
Anyone by the way working a full time minimum wage job,
cannot afford a two bedroom apartment in this country.
Just putting that out there.
So if you look at the numbers,
let's go to this graphic that shows you just how bad student loan debt is.
Sorry Janke I know that I'm filibustering the story, but
>> It's okay I love these stats.
>> So okay so total student loan debt right now is $1.71 trillion.
Total US borrowers with student loan debt, a whopping 45 million Americans.
Average student loan debt is nearly $40,000,
$ 37,693 average federal student loan debt.
So if you took out federal loans, it's around the same number 36,510.
More than 11% of student loan borrowers,
are already delinquent, meaning 90 plus days delinquent.
Okay, so the way that Kennedy is presenting this, is as if everyone
who has student loan debt is bringing in hundreds of thousands of dollars a year.
But that's just not true.
>> Well that's her perspective remember almost everybody on Cable News
are millionaires.
So they generally hang out with venture capitalists, and etc and that's okay,
there's nothing wrong with that.
But if you assume that that's what an average American experiences, you're nuts.
So they're like,
well why don't you just pay off your debt with the millions of dollars you have?
Well because we don't have millions of dollars.
And so what, they can't understand that, but
in a sense they're doing nice ad for progressives.
When she said progressives just wanna get rid of your student debt.
I was like, I keep saying that more, can you do more of those segments.
Cuz bet you a lot of people,
I mean there's seven people who are on their at the age of 85 who watch Fox News.
But, for those seven people,
they'll be like they want to get rid of my student debt that's killing me.
Maybe progressive is not so bad.
And we've shown you before about how it adds to the economy,
because it creates the velocity of money.
And people who don't have to pay that student debt,
most often spend it into the economy, and it creates a very healthy economy.
And it's something that Joe Biden can actually do unilaterally,
because it's in the executive branch.
And so unlike Fox News though, we're honest, we're not partisan, so
we'll tell you, Joe Biden is a liar.
He said he was gonna get rid of $10,000 of student debt.
He has the authority to do it, and he's not doing it because he was lying.
He never planned to do it.
It was a way of tricking you, into voting for him,
and getting progressives and younger voters to vote for him.
When all he was gonna do is protect his donors.
>> And he has an obligation, a responsibility to undo the damage,
that he has caused as a result of his bankruptcy Bill.
That does not allow any student borrower to discharge their student loans,
even if they filed for bankruptcy.
That is the only type of debt, that follows you around for
the rest of your life regardless of whether you file for bankruptcy, okay?
And so I just find it amazing, that when it comes to let's say
that real estate developer junk, that we talked about just last week.
The person who borrowed hundreds of millions of dollars,
to build the largest mansion.
Which you put on the market for $500 million, it never sold,
massive failure, okay.
He defaulted on his loans, he's going through the bankruptcy process right now.
So those failures, eventually they get forgiven.
But if you're an American who just wanted to get a decent education in this country
and you have to take out loans to do it.
Well, Fox News thinks that you're the bad guy, you made bad choices,
you should suffer for it for the rest of your life.
That's what Fox News thinks.
>> Yeah, so let me give you a sense of why the college education is important,
because it leads to wealth.
And by the way, one of the reasons that Fox News and
other right wingers don't want you to go to college.
Is cuz they don't want you to get an actual education,
because then you might not believe their propaganda.
And so, if you only have a high school degree, on average and
I just look this up for my book, so it's not right in front of me.
But it's roughly these numbers you get wealth of only $79,000 on average, okay?
Not income, wealth that's all the money you own, right?
If you go to college, you get in the ballpark of $240,000 in wealth on averag.
If you are a graduate studies and it comes up to, in other words doctors,
lawyers etc, gets up to $450,000 in wealth.
So whether you go to college or not, on average has a massive difference,
on both your income and the wealth that you accumulate.
But Fox News doesn't want you to know that,
they want you to think hey by the way the older generations got the GI Bill.
They got their college paid for,
papa paid for the colleges of all the rich kids, right?
But when it comes to you guys, Fox News knows no, I don't want you go to college,
and if you do I want you stuck with those Bills forever.
So you become an indentured servant of corporate America.
So you have no choice but to work for those corporations,
under any conditions that they forced upon you.
And the Fox News celebrates, and as a champagne toast to corporate rule,
while pretending to be populist.