Tag Archives: student debt

Snatching defeat from the jaws of victory

I’ve said more than once that Trump was inches away from being a transformational president. The main impediment was his obsessive narcissism and his predilection for believing crazy-ass conspiracy theories. He truly was as gullible as his most crackpot fans, and they rightfully saw themselves reflected and amplified in his titanic stupidity.

That said, Trump was the least hide-bound of our recent presidents. He knew nothing about government or politics and so was liable to do anything. When COVID hit, he might have just rolled with a robust global response, spent as much as was necessary, and come out the other end looking like a hero. But the narcissist took over. He didn’t want COVID, and thought it wasn’t fair that he had to deal with it. Then came the flood, and it basically washed his sorry ass out of Washington.

Next guy, next fail

The talk about Biden back in January 2021 was that he might be the next FDR. Not even close. Roosevelt had a more expansive view of what was possible, fueled in large measure by the massive upheaval of the Great Depression and the growing power of labor. While Biden, on the other hand, is not entirely afraid of spending money, he has not moved aggressively on our most pressing problems. He, like the rest of the Democratic party’s octogenarian leadership, still has his head stuck in the 1990s.

Take COVID (please). The President has the authority to waive patent rights on the vaccines. He should have started with that, pushed production to developing countries, and used what resources are necessary to lead a global vaccination program. That is the only way to end this thing – that and providing free testing, free masks, free every freaking thing to our own people. Now, after ridiculing the idea, the administration plans to start sending people tests upon request.

What the fuck? Why the impediment? And why did you wait so long to do even this much? It makes zero sense to wait until after the holidays to get this done, but they’re targeting January 15. Jesus Christmas.

Promises, promises

Let’s face it – COVID is still the mess it is because the Biden administration has not stepped up the way they needed to. That is a titanic failure, and I’m not clear on how they can recover from that. Add that to the Build Back Better fiasco, his abysmal border policy, and the student loan bait-and-switch, and you’ve got a trifecta. And I haven’t even touched on their foreign policy (well, I did last week).

The student loan piece was in the news this week. Biden extended his federal student loan payment freeze until May of next year. Of course, he promised loan forgiveness, which is arguably within his power to deliver without legislation. What the hell is he waiting for? Young people to completely write Democrats off?

We live in an era when financial services companies, like SoFi, do TV commercials about the burden of student debt and how even just a modest debt restructure is cause for a frantic happy dance. Low expectations are now baked into the cake for recent graduates.

Biden needs to turn this ship around. Trouble is, he’s more like Captain Peachfuzz than Horatio Hornblower.

luv u,

jp

Check out our political opinion podcast, Strange Sound.

No shortcut.

There’s been a lot of push back from the left this week on the Biden Town Hall, and with good reason. While he presents as an affable old grandpa, his conception of policy is locked into the 1990s in a lot of ways. When he thinks he’s leaning to the left, he means the “left” of three decades ago – the liberal cohort that thinks in terms of community policing, mild reforms, drug rehabilitation programs, etc. Whereas even the mainstream Democratic party has moved on from many of these centrist notions of change, the leftward movement appears to have escaped the notice of President Biden. For the time being, he is riding on a wave of relief that Donald Trump is no longer (a) President, (b) in our faces every single day, or (c) on Twitter. I’m sure millions of people are happy that the current president is not ordering an angry racist mob into the Capitol building. But that, while necessary, is of course far from sufficient.

His position on student debt illustrates this insufficiency to a tee. Biden keeps confusing, probably deliberately, the temporary suspension of interest payments (which he has ordered) with elimination of interest on student debt (which he has not ordered). He vaguely promises $10K in debt relief, but both he and his spokesperson keep suggesting that this is something Congress should take up. To be clear, he has the authority to do this himself. And if he can do $10K, he can do more. But Biden seems to think that there’s a fairness issue involved here. He tends to couch it in terms of not wanting rich people to get the benefit, which brings us back to Biden’s (and most centrist Democrats’) preference for “targeted” programs. In other words, we need a new, overly complicated, dedicated administrative infrastructure to achieve the recapture of funds that our already-existing tax system could accomplish with very little adjustment.

Of course, this problem is more about us than it is about Biden. We’ve got Biden as president – and lackluster officeholders all the way down the line – because we didn’t organize enough people and ultimately bring them around to supporting progressive, even radical, change. In a very real sense, we get the politicians we deserve, and we shouldn’t expect better if we’re not doing the hard, long-term work of building change from below. Organizing is about more than electing people, obviously, but one of the by-products of successful organizing is a better grade of politician. I think we’ve seen that in some of the more progressive Congressional candidates, like Rashida Talib, Cory Bush, AOC, and others. I’m pleasantly surprised when candidates of their stripe are successful, largely because I know that in my own area of the country very little organizing is taking place – that’s why we now have the return of our erstwhile Republican Congressmember, Claudia Tenney, who beat out Anthony Brindisi by a mere 109 votes. Brindisi was part of the “problem-solver” conference and there were few Democratic members farther to the right, but in the end it wasn’t enough.

You see, a little more organizing would have given us those 110 votes to return a centrist to Congress. And a lot more organizing might have resulted in sending an actual progressive to Congress, to say nothing of actual mutual aid benefits for the people in our district. So, what are we waiting for?

luv u,

jp

Check out our political opinion podcast, Strange Sound.