Bender: On student loan forgiveness, Biden's killing it
"Why wouldn't Republicans buried in student loan debt appreciate a break, too? Principle, you say? The same principle under which Trump's biggest ever, believe me, tax break delivered $25 billion to the Top 1% in 2018 alone, another $12 billion to the Top 10%, leaving $6 billion to be divvied among us peons? I bought socks."
Hey Progressives, you can sit this one out. Unless you enjoy gawking at car wrecks. Republicans, this one's for you. Oh, I know you're reading based on all the whining you do. No judgment, Snowflakes. Heck, I was a Republican, once, too. Well, actually, I used to smoke lots of weed and it made me paranoid, so technically it's the same thing.
But we're not here to discuss my heroic and wildly entertaining battle against Oreo addiction, we're here to talk if you've finally calmed down enough to rationally discuss Uncle Joe's student loan forgiveness plan.
What's that? “Rationally?” Google it. Or in your case, Ask Jeeves.
Anyway, I found it interesting that corporate propagandists in their $4,000 Gucci suits, with portfolios the size of Texas, just assumed that their Republican minions should be angered by this. They assumed Republicans can't hack college. They assumed you're dumb. And gullible.
OK, AltaVista, then.
Let's take a leap of faith and say Republicans are smart enough for college even though their alphabet stops at “R.” Really, it should go to “X,” at least, for xenophobe.
Why wouldn't Republicans buried in student loan debt appreciate a break, too? Principle, you say? The same principle under which Trump's biggest ever, believe me, tax break delivered $25 billion to the Top 1% in 2018 alone, another $12 billion to the Top 10%, leaving $6 billion to be divvied among us peons? I bought socks.
But it'll create jobs! Nope, they engineered stock buybacks. It's going to trickle down! Nah, they didn't lift a leg to help. What it did was take an inherited robust Obama economy and overheat it—and if a Democrat had done it, Maria Bartiromo, wearing her finest Prada, would've called it unwise and inflationary. Another pump and dump scheme.
Then, through dumb luck and even dumber handling of the pandemic, Trump further torpedoed the economy. Biden's like the kid holding a lollipop when the cops investigate the candy store heist.
Why'd he do it? Political calculation, same as Trump, for votes. The difference is, when you redistribute wealth to middle class families, they actually spend it, and that's good for business. Political calculation is fine if it's good for the country. Meanwhile, in an election year that Republicans should be dominating, while you were busy fighting over crumbs, Biden's approval rating rose to 45% — thanks, Gen Xers — which, after you round it up for the stockholders report, is about 60%.
Biden's killing it. The evidence is on Hunter's laptop.
I'm all for redistribution of wealth, social engineering, that provides a safety net for the poor and middle class while mitigating the power of the economic royalty that runs this country. However, $10,000 in loan forgiveness barely touches the problem. Higher education's financially beyond the reach for many Americans. So, the Gucci Guys are thinking, “Great, more voters for us.”
Doesn't that tick you off just a little?
A mind is a terrible thing to get wasted.
Right now in Republican-controlled North Dakota, there's a pile of cash taller than the stack of state secrets at Mar-a-Lago, but they've done nothing to creatively cut costs and retain our college graduates to bolster the workforce. Their mission? State income tax cuts that benefit the rich.
But, yeah, they're on your side.
Tony Bender writes an exclusive weekly column for Forum News Service. This column does not necessarily reflect the opinion of this publication, nor Forum Communications ownership.