"Obama To Endorse Elizabeth Warren's Student Loan Proposal"

[applegrove]

Obama To Endorse Elizabeth Warren's Student Loan Proposal

by Shahien Nasiripour & Sam Stein at the Huffington Post

http://www.huffingtonpost.com/2014/06/06/obama-elizabeth-warren-st_n_5461988.html

"SNIP........................


President Barack Obama on Monday will throw his support behind a new proposal to dramatically revamp the federal student loan program, according to the White House.

A bill proposed by Sen. Elizabeth Warren (D-Mass.) would allow borrowers to potentially save thousands of dollars by giving them a chance to effectively pay off their high-rate existing loans in exchange for new loans that carry substantially lower interest rates.

The Obama administration initially was hesitant to fully embrace the bill because of disagreements over how to pay for it. But with mounting pressure from advocacy groups, and with a renewed political focus on issues confronting working families, the president has softened his opposition. Obama’s endorsement would be the latest recognition to date of the ascendance of Warren-style populism within the Democratic Party.

An administration official told The Huffington Post that Obama is expected to "call for passage of the refinancing bill" when it comes up for a vote, as it is scheduled to do next week.

........................SNIP"

[liberal N proud]

1. I am not going to hold my breath until it passes

But I am treading water!

[hedgehog]

10. You and me both!

[baldguy]

2. Well, that must mean EW is a corporatist fascist Third Way DINO!

Right?

[rhett o rick]

3. This is exactly what I want my Democratic president to do. nm

[Uncle Joe]

4. Kicked and recommended.

Thanks for the thread, applegrove.

[JDPriestly]

5. So, the Third-Way Democrats are trying to fool Americans into thinking they are

they represent the 99%.

Looks like they want to win real badly in November.

That's good news. But let's see them pass the bill before the Summer Recess. Or is it already Summer Recess.

Words don't pay the bills.

Here is the House calendar.

http://majorityleader.gov/Calendar/113thCongressSecondSession.pdf

[Cha]

6. Yeah, use this good news to take a dump.

[JDPriestly]

7. I'm waiting to see some action.

I remember a lot of great speeches, golden promise, followed by tremendous disappointment.

[Cha]

8. At least you're kicking applegrove's thread.

[joshcryer]

9. Nothing progressive will pass this Congress.

Calendars are irrelevant, and you know it.

So you can feign disinterest or apathy over Obama's clear desire to make this happen. This is one step into making it into the 2016 Democratic Party Platform.

Of course, you won't read the platform nor will you support it to any significant extent.

[davidpdx]

11. I support it and wish it had a chance in hell of passing

It would help me and many others out quite a bit.

[WillyT]

12. K & R !!!

[TransitJohn]

13. "Obama has softened his opposition"

[Jamaal510]

14. K&R