In an official, not campaign, email the Obama White House leads with a couple of paragraphs about student loans:
7.4 million students
In a little more than a week, the interest rates on federal student loans are scheduled to double. Today, at 1:40 PM ET, President Obama will call on Congress to take action. Watch his remarks live at WhiteHouse.gov/live.
Then, at 2:30 PM ET, Mark Zuckerman, Deputy Assistant to the President and Deputy Director of the Domestic Policy Council, will be on Twitter to answer your questions about student loan interest rates and college affordability.
The Democrats are the reason that student loan interest rates are set to rise. They passed that legislation back when they controlled both houses of Congress. Obama surely will neglect to mention that.
Obama will surely mention that he took control over the student loan industry in 2009. He will surely blame Republicans for the looming interest rate hike, which has nothing to do with them. And he may deliver his next executive order, either rescinding the Democrat legislation that will cause them to rise, or forgiving student loans altogether. Either would give him another grand gift to announce, and this one could offset the damage he did to young voters with last week’s immigration move, which allowed more than a million illegal aliens into the work force.
Ordinarily a president cannot undo legislation on his own, but President Obama has already gotten away with two executive moves on immigration, bypassing Congress. He is likely to make a move on student loans at some point to shore up flagging interest among young voters who turned out for him in droves in 2008. If not today, eventually. But it’s coming.