president obama signed a student loans uh... he has spoken north carolina today
uh... and uh... he is right on this issue uh... what they've done was a cut
interest rates for students down from six point eight percent
the three point four percent for the
loans that they have
and uh... p is arguing to keep them a three point four percent
timmy anything they keeps the cost of education lower is great
kazakhstan
lisa opportunity
and other all the people being on the one percent
system it is that i have a shot at right and one of the ways that you do that
as affordable education
so i'm definitely in favor of that
now of course mit romney is in the world the trouble with uh... younger uh...
demographics
so he does want to be in further trouble so he came out messages don't get me to
read to all ya of course i'm a short term short term millionaire wrong right
but for now yeah let's extend the
luke the loans at only three point four percent make sure they don't go back up
president juan pointed out the students who say that thousand dollars on average
uh... over twelve years which is that bridge uh... amount of time to take sam
people the paid their student loans back which actually seems relatively short if
you ask me you know how much identities lows are effects thirty seven million
people fest fifteen percent of americans
and that is there's the student loan debt
this people under the age of thirty
so that's why both sides care about these young voters but hey you know what
their army copies
president while in this case fantastic it's a good result right that here is
that troubling parliament ronnie's abuse on
student loans that
here is where he is going to do a flat out line
i love these moments because it makes it crystal clear this is no way that mit
romney doesn't know this policy right and he's gonna try to deceive you anyway
let's watch clifton
uh... you know i wish i could say that there's a place the fact that the
defiant richie money or free money and we could pay for college education
that's not gonna happen
what's good what's gonna have to happen is we're gonna have to have rates as low
as we could possibly have i'd like to see more competition in the lenders now
the devastating over the state law on business i think you get less
competition i'd rather have more competition with private letters as well
as government love letters
nancy that as an ally deception if you don't know the details of this policy
you might think it always seems like all he wants competition so the rates are
lower
and that the government has taken over by kicking out the private acts
none of that is true let me tell you what the realities and i know that mit
romney
now in the past what happened was he would get a government loan but there'd
be a middle man a banker who would take a certain kind of
now the banker didn't guarantee below it was a government who did
so the banker served no purpose whatsoever except to take some money in
the meadow
he says competition but you know that already since if banks can give al those
college loans at a lower rate than the government they knew today nobody
stopping them
bite
means give at interest rates loans
lower than that government annual have act although college students applying
for those loans
but they don't do it they can't do it their rates are that low
so when mitt romney says all our foster competition
it's not remotely true what he wants to do
is protect those banks that were in the middle sucking up all that money
you know who pays that extra money
students in the form of higher
well interest rates
you know how much present all mama's twenty ten proposal
uh... that actually pass a bust
imitate given credit for this all time
so other ran things that i think he had out apart
mit not a mixed message not a mixed bag
this was the death with the right thing to do with it
it's age students
sixty eight
billion dollars all relevent nears
doesn't check
tend to get on a savings
that goes to the next generation of people who want that have the
opportunity
to be able to do as well as mit romney did in his career in terms of
success and money if that's what you care about
and of course a lot of americans do care about that
now marami says no no we got to the banks back in the middle so he is a
talking point about how it's a government takeover the government was
providing alone in the first place ok he's trying to deceive you in order to
make sure that people who are trying an education
pay more money with people play a significant rain
which is a giant banks
he said that's one at hotmai isn't cheyenne fraud the entire whatever's
campaign this upon all money out of the middle class
and to the very top
one-percent et cetera the execuse that those bags
and this proves that perfectly because he can't possibly believe the lies that
he just told you
that program by president obama one of the great bills that he got passed
and mit romney can't wait to undo it to get the final lap
tens of billions of us back to the banks it makes me sick when i think about it
because you know what more second on that right think about that right
here's a guy who knows
i hand this screw all those tubes
and make them for pay more money
so we can get another sixteen billion dollars the pop back
goes the banks are can't promise in that case
this is not totally wasteful middlemen
anything small about sprayed on might do that
i don't care
like this is a conscience maybe these are the things that don't
for politicians they don't care about
at all they're like alb the at whatever
but to me dot an army
intend to mature aware but i think
i'd be sick over what i did to those students if i did that
but i think my god
that they're gonna spend an extra couple years of their lives they're not gonna
be able to go on vacation like
busy days of the president are about this i think they're virani goes on
as sensitive and it will go on vacation and i've been able to afford
sti you know so many things for the kids et cetera et cetera cuz i ain't one of
my banking zeiger friends to make an extra
problem million dollars apiece it's just grotesque