following President joe biden's announcement that he has a plan in
place to forgive some portion of student loans offering some relief to
student loan borrowers.
The wealthy couldn't stop themselves by going on the corporate press to talk
about how this is a terrible, awful idea.
In fact, during the press conference, in which Biden announced this plan,
the reporters asked the questions you would expect them to ask.
So let's take a quick look at that.
Is this unfair to people who paid their student loans or
chose not to take out loans?
Is it fair to people who in fact do not own multi billion dollar businesses?
See what these guys?
Is that fair?
What do you think?
What about people who made their loans so
struggle to pay their loans and others don't have to.
What?
Okay, look, I want you guys to understand we're not harsh
toward biden simply because we dislike biden.
Biden.
To me.
He's not a good guy or a bad guy, he's a politician.
So you judge based on the rhetoric, but more importantly, the policy.
Now, while his debt forgiveness plan leaves us desiring a lot more.
Obviously, It's still going to provide
much needed relief to student loan borrowers.
The average student loan borrower has about $30,000 in student loan debt.
But of course we know endless stories of students who have far more than that.
However, I will say the way he handled that question was perfect and
that brings me to what we've been seeing all over the internet,
all over television today.
And it's the same argument about how how could you do that?
It's not fair.
It's just not fair.
All these other people who have paid off their student loans,
they didn't get any help.
It's not fair.
Well for the people who did manage to pay off their student loans, I'd venture to
say they probably went to school at a time when tuition wasn't astronomically priced.
And secondly if you're salty about other people's lives
getting a little easier, you gotta check your priorities.
Okay check your priorities.
But putting that aside,
I want to go to this tweet from the House House Judiciary GOP.
They write if you take out a loan you pay it back period.
Do you do you interesting, let's take a look at the next tweet.
This is from cap action where they list all of these republican
lawmakers who took P.
P.
Loans during the coronavirus pandemic and these are all loans that were forgiven,
they were forgiven.
I should also note many of these people were already independently wealthy and
probably didn't need any loans to begin with.
But you got matt Gates, he received a P.
P.
P. Loan that was nearly half a million
dollars.
$476,000 and it was forgiven,
we didn't hear anyone in the corporate press cry about that.
You have marjorie taylor greene, 100 $80,000 forgiven Greg pence, $79,441.
Look at this Vern Buchanan fellow in florida, $2.8 million in P.
P.
P loans.
That was forgiven forgiven forgiven.
Okay.
I mean the list goes on and on.
You've got Mark Wayne mullen, $988,700.
You've got Carol Miller, a Republican from West Virginia, $3.1 million.
Again, it's not just about them getting the loan,
these are loans that were forgiven.
Don't you wonder why there's absolutely no concern about that in the press?
But the idea of a student getting $10,000 of student loan debt
forgiven like that makes them lose their minds like that's all
they've been talking about today, how unfair it is.
It might lead to inflation.
Really?
Let's see the receipts, how is it going to lead to inflation?
I wanna understand how it works.
You just say it, you just say it.
I mean, never mind the fact that there's been you know, a pause on student loan
repayments during covid, which obviously puts more money in people's pockets.
Was that really the cause of inflation or could it be the Federal reserve pumping
money into big banks which they then used to do corporate stock buybacks, Could it
be supply chain issues because we exploit underpaid labor in other countries and
once there's a pandemic and once there are shutdowns and
once there are disruptions there's less supply that can't keep up with demand.
Could that be?
Because what's leading to inflation know that anything they don't like.
This is what drives me crazy about inflation narratives.
Anything the corporate press doesn't like policy wise,
they'll automatically attach it to inflation automatically.
You're gonna help ordinary people inflation.
We're worried about inflation.
They did it with build back better.
They're doing it now with modest assistance to student loan borrowers.
But by the way we were talking about Mark Wayne mullen right,
who got nearly a million dollars of P.
P.
P own loans forgiven.
He also couldn't help himself but tweet about what biden did today.
He writes, we do not need farmers and ranchers, small business owners and
teachers in Oklahoma paying the debts of ivy league lawyers and
doctors across the United States.
This places undue burden on those already suffering due to the weight of
biden's failed economic policy, fascinating because all the people that
you just mentioned also happened to subsidize the research and development for
the same pharmaceutical drugs that they are then price gouged on.
No concern about that.
Mark Wayne.
No concern.
No worries about that at all.
I would argue that's a failed economic policy that you support, but
you don't talk about it.
No one talks about it drives me crazy.
Let's go to steven crowder.
This is amazing.
Student loan forgiveness sounds really nice to illegal immigrants.
People with no life experience people who don't have families yet and
people who use preferred pronouns like the tweet itself really makes no sense.
So are you alleging that undocumented
immigrants are applying for federal loans and
also people who don't have families yet.
Okay.
So he's trying to make a point here about like families are having to
foot the bill for these students.
How how dare how, how dare biden attempt to assist ordinary people in making
their economic situation just slightly slightly better ever so slightly.
Well, steven crowder, let's take a look at how much you took out in P.
P.
P. Loans.
Wow, took out $70,445 and the amount forgiven.
I'm not really sure how it works out this way, but $71,208.
I'm guessing the interest was included.
Yes.
Includes any occurred interest.
So hey, are you, I'm pretty sure steven crowder is doing real well.
I'm trying to understand how he was impacted by the coronavirus pandemic.
I mean he's able to work from a studio.
He doesn't have to be out and about.
He's not a frontline worker.
He's not a grocery store worker.
He's not an essential worker that's for
sure because I'm an essential part of the media, but he got $70,000 in P.
P.
P. Loans and it was all forgiven.
So he should be a man of his word and pay every dollar back to the U.
S.
Taxpayer, 70% of Americans who were recently polled on forgiving
student loan debt were in favor of forgiving student loan debt.
That's the majority of the country.
Because guess what?
The majority of the country who are not represented by corporate media or
rich right wingers on YouTube understand the pain,
they understand the suffering and they want to help their fellow americans out.
I would venture to say that's actual patriotism but
steven crowder loves to pad his pockets with that government cheese and
then point his finger at others who are getting any assistance whatsoever.
Let's go to the next one.
I I like this graphic.
It was shared by ken Klopfenstein and
it gives you a sense of all the wealthy people who were able to get P.
P.
P. Loans. Now not all of them were forgiven but Jared Kushner who got 800.
No I'm sorry his net worth is $800 million.
He qualified for a $3 million P.
P.
P. Loan. $3 million and it was forgiven Kanye West.
We don't know if it was forgiven, he's worth $2 billion and
he received almost 2.4 million in P.
P. P. Loans jay Z.
He's worth 1.3 billion.
He received over 1.1 million in P.
P. P.
Loans.
Then you've got Diddy who's worth 900 million.
He received nearly $2 million in P.
P.
P. Loans and they were forgiven.
Same with paul.
Pelosi notorious alleged insider trader because his wife nancy.
Pelosi is a member of Congress who's privy to insider information that they could of
course trade stocks on homeboy is worth a lot of money.
$120 million.
He received a P.
P. P. Loan to the tune of 1.7 million and that was forgiven.
Same with Khloe Kardashian, she received a $1.2 million P.
P. P. Loan forgiven.
I mean you guys see what I'm trying to get at here.
Please spare me the concerns about the lack of fairness
in giving people a little bit of money and
by the way not even giving them money just for
giving a small portion of their student loans.
That's it, that's all it is.
I mean we're not talking about all federal student loans getting forgiven,
we're talking about a means tested program.
No one qualifies for it if they're making $125,000 a year or more.
And the most a borrower can expect from what Biden announced
today is $20,000 in debt forgiveness.
That's it.
But they look at that and they think no this is this is an unacceptable
redistribution of wealth now people who make that argument are just garbage,
they really are and anyone who buys into it is watching way too many right wingers
on youtube who love the government cheese again, Let me reiterate and
also watching too much corporate media.
That's fearmongering about inflation.
No, forgiving 10 to $20,000 in student loan debt for borrowers is not
what's going to cause inflation, it's not what's causing inflation.
There's corporate greed associated with why we're seeing inflation,
their supply chain issues and of course the Federal Reserve pumping money into
banks and corporations that also had a lot to do with inflation, but
you never get the full story because at the end of the day,
the elite love to point fingers at ordinary people who are already facing
a significant disadvantage with a government that doesn't represent them,
with press that doesn't represent them and
an economic system that constantly puts them and their needs in the back burner.
That's the reality of the situation.