On Monday, the interest rate on federally-backed “Stafford” student loans doubled from a capped 3.4% to 6.8%. Keeping the interest rate artificially low was a key issue in President Obama’s reelection campaign.
Through high-profile campaign events and his bully pulpit, Obama forced Republicans in Congress to agree to a one-year extension of the lower rates. While lawmakers negotiated a deal to avert the jump in rates over the past weeks, however, Obama was much less vocal about the issue. Even as the rates doubled on Monday, there is no statement on the development at the White House website.
Posts Tagged ‘Keeping the interest rate artificially low was a key issue in Obama’s reelection campaign’
Obama yawns as student loan rates jump
July 2, 2013
Posted in GOSSIP!, politics, president obama |
Tags: Barack Obama is a pathological liar, I'm throwing college students under my bus!, Keeping the interest rate artificially low was a key issue in Obama's reelection campaign, SAFELY REELECTED - OBAMA YAWNS AS STUDENT LOAN RATES JUMP, Student loans doubled from a capped 3.4% to 6.8%, With reelection behind now the issue has apparently lost some of its moral urgency
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