The Biden Administration

[The Cat]

This is the first inkling I had that the Democratic party kind of sucked too.

yeah...Kerry kind of broke a lot of my youthful ideals back in 2004...

 

[Red Memories]

"“I'm more worried about the Americans who don't go to college than the Americans who do,” Summers added. “So I worry that, unless it's done carefully, this could be upwards redistribution of income, rather than downwards redistribution of income.”"

pardon me? my family has been lower middle class and without these loans I wouldn't even be able to attend, and on top of it, I am gonna be struggling to pay that while trying to help my family with the debt incurred to take care of us. Fuck this shit. I am not the only one out here thinking this is highly beneficial to a lot of people.

 

[The Cat]

"“I'm more worried about the Americans who don't go to college than the Americans who do,” Summers added. “So I worry that, unless it's done carefully, this could be upwards redistribution of income, rather than downwards redistribution of income.”"

pardon me? my family has been lower middle class and without these loans I wouldn't even be able to attend, and on top of it, I am gonna be struggling to pay that while trying to help my family with the debt incurred to take care of us. Fuck this shit. I am not the only one out here thinking this is highly beneficial to a lot of people.

what's this from?

 

[Red Memories]

what's this from?

Former Treasury Secretary, Larry Summers.
Former Treasury Secretary Larry Summers is 'skeptical' about student loan forgiveness

 

[The Cat]

Former Treasury Secretary, Larry Summers.
Former Treasury Secretary Larry Summers is 'skeptical' about student loan forgiveness

Yeah, fuck that guy. Fuck all student loan sharks and their defenders. after my college ate my gi bill by constantly moving the goal posts of requirements, i had to drop out because i didnt want to accrue student loan debt, because theyre monsters...so fuck this guy twice with a cactus.

 

[Coriolis]

"“I'm more worried about the Americans who don't go to college than the Americans who do,” Summers added. “So I worry that, unless it's done carefully, this could be upwards redistribution of income, rather than downwards redistribution of income.”"

pardon me? my family has been lower middle class and without these loans I wouldn't even be able to attend, and on top of it, I am gonna be struggling to pay that while trying to help my family with the debt incurred to take care of us. Fuck this shit. I am not the only one out here thinking this is highly beneficial to a lot of people.

This is the same Larry Summers who, as president of Harvard university no less, was criticicised for suggesting that the significant underrepresentation of women in STEM fields reflected a lack of aptitude and ambition.

It is high time we (society, the US in particular) recognize that the benefits of education go far beyond the individual gain of the student. As with health care, we all bear the burden of rationing this based on ability to pay, sooner or later, one way or another. Money invested in education has already been demonstrated to more than pay for itself in reduced rates of crime and incarceration, for example. It also reduces the amount of money the military must spend on remedial training for recruits ill-prepared by inadequate public education.

 

[Red Memories]

This is the same Larry Summers who, as president of Harvard university no less, was criticicised for suggesting that the significant underrepresentation of women in STEM fields reflected a lack of aptitude and ambition.

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Fuck this guy with MORE than a cactus...

 

[FemMecha]

"“I'm more worried about the Americans who don't go to college than the Americans who do,” Summers added. “So I worry that, unless it's done carefully, this could be upwards redistribution of income, rather than downwards redistribution of income.”"

pardon me? my family has been lower middle class and without these loans I wouldn't even be able to attend, and on top of it, I am gonna be struggling to pay that while trying to help my family with the debt incurred to take care of us. Fuck this shit. I am not the only one out here thinking this is highly beneficial to a lot of people.

Is he thinking that people going to Ivy League schools will have all their student loan debt forgiven? Somehow I would expect it to start with state schools and community colleges. If people want to spend extra at private schools, I'm sure it could be worked out for them to still pay. The point is having some sort of access to education for the poor and working class. I went to state and land-grant schools with lower tuition, but my student loan debt is a dark cloud over my life.

 

[Coriolis]

Is he thinking that people going to Ivy League schools will have all their student loan debt forgiven? Somehow I would expect it to start with state schools and community colleges. If people want to spend extra at private schools, I'm sure it could be worked out for them to still pay. The point is having some sort of access to education for the poor and working class. I went to state and land-grant schools with lower tuition, but my student loan debt is a dark cloud over my life.

Students of limited means who attend Ivy League schools tend to get much more in financial aid as those schools are very well endowed.

 

[Red Memories]

Students of limited means who attend Ivy League schools tend to get much more in financial aid as those schools are very well endowed.

I was homeschooled so a good deal of scholarship money abilities were held hostage from me at my colleges because I didn't graduate from one of our high schools. which kind of sucked.

 

[anticlimatic]

Any debt forgiveness should ultimately fall directly on the shoulders of the academic institutions who charge absolutely egregious prices for junk degrees that do not return at all on their investment. They can cut back on their glut of pointless administrators and do something to fix the textbook racket.

Putting it on the shoulders of taxpayers- of people who already paid of their own student loans and now have to pay for other people's- is wrong in every sense. Not only is it theft at government gunpoint, but it also allows the same broken system to keep on siphoning resources needlessly.

 

[Julius_Van_Der_Beak]

Any debt forgiveness should ultimately fall directly on the shoulders of the academic institutions who charge absolutely egregious prices for junk degrees that do not return at all on their investment. They can cut back on their glut of pointless administrators and do something to fix the textbook racket.

Putting it on the shoulders of taxpayers- of people who already paid of their own student loans and now have to pay for other people's- is wrong in every sense. Not only is it theft at government gunpoint, but it also allows the same broken system to keep on siphoning resources needlessly.

Meh, if taxpayers can bail out Wall Street after they crashed the economy because of their own greed (keep in mind that a guy you still like defended this because these institutions were "too big to fail"), taxpayers can bail out student loans.

The issue being debated isn't whether taxpayers should bail out other people, but who should be bailed out.

I'd be fine with a free market if it meant investment bankers didn't get handouts. That's not what we have.

 

[anticlimatic]

Meh, if taxpayers can bail out Wall Street after they crashed the economy because of their own greed (keep in mind that a guy you still like defended this because these institutions were "too big to fail"), taxpayers can bail out student loans. The issue being debated isn't whether taxpayers should bail out other people, but who should be bailed out. I'd be fine with a free market if it meant investment bankers didn't get handouts. That's not what we have.

I don't think Wall Street or anyone should be bailed out. You're right, though- what we have are establishment insiders and crony capitalism, which is about to get a lot worse under Biden. I see he's bringing back pretty much the entire failed Obama administration, so that's great. Congrats to big profit seeking anti free market corporations. Enjoy your spoils.

 

[Julius_Van_Der_Beak]

I don't think Wall Street or anyone should be bailed out. You're right, though- what we have are establishment insiders and crony capitalism, which is about to get a lot worse under Biden. I see he's bringing back pretty much the entire failed Obama administration, so that's great. Congrats to big profit seeking anti free market corporations. Enjoy your spoils.

I voted for him because I didn't want people who believed the same thing as folks that shoot up synagogues running the show (which explains the tepid reaction to that whole Pittsburgh incident). He was probably my last choice, with the exception of John Hickenlooper.

You're delusional if you think Trump wouldn't have bailed out Wall Street, too. Didn't he kind of do that, anyway?

 

[Magic Poriferan]

I voted for him because I didn't want people believed the same thing as folks that shoot up synagogues running the show (which explains the tepid reaction to that whole Pittsburgh incident). He was probably my last choice.

I liked to tell people that if they had any trouble deciding whether or not to vote for Biden, they should just imagine that we were instead voting for Trump and Biden's respective supporters. That should make the choice a lot easier.

 

[Julius_Van_Der_Beak]

Plenty of other people on the right believed in George Soros sending the caravan.

 

[Jonny]

I don't think Wall Street or anyone should be bailed out. You're right, though- what we have are establishment insiders and crony capitalism, which is about to get a lot worse under Biden. I see he's bringing back pretty much the entire failed Obama administration, so that's great. Congrats to big profit seeking anti free market corporations. Enjoy your spoils.

I'm going to give you the benefit of doubt and assume that the following aren't true:

1. Normal Human Skin Color Man Bad
2. Literally Mao
3. Biden Derangement Syndrome

But in doing so I have to ask a few follow-up questions to better understand your perspective.

First, you believe that crony capitalism is about to get a lot worse under Biden. Could you elaborate on where you think we were during the Obama years in this regard, how Trump changed things to make it better, and why you think our current path is going to exacerbate that crony capitalism?

Second, could you elaborate on what you mean by a "failed administration"? I do see several familiar faces from the Obama Administration, though one could argue that having some relevant experience in a given profession can be useful.

Third, I'm curious which anti-free market corporations will benefit in your estimation? Are you speaking primarily of Big Tech here?

 

[Virtual ghost]

Biden's climate policy: What does John Kerry's appointment mean for the environment?


Are there any guesses on how much this is a show and how much this could really lead to some concrete changes ?

 

[anticlimatic]

I voted for him because I didn't want people who believed the same thing as folks that shoot up synagogues running the show (which explains the tepid reaction to that whole Pittsburgh incident). He was probably my last choice, with the exception of John Hickenlooper.

You're delusional if you think Trump wouldn't have bailed out Wall Street, too. Didn't he kind of do that, anyway?

Kind of. His only bailout was for small businesses during COVID, which much larger businesses took advantage of and milked dry- though I don't think that was the intent, it was just a rushed package with lots of loopholes. Other than that nobody really needed a bailout in his economy.

I'm going to give you the benefit of doubt and assume that the following aren't true:

1. Normal Human Skin Color Man Bad
2. Literally Mao
3. Biden Derangement Syndrome

But in doing so I have to ask a few follow-up questions to better understand your perspective.

First, you believe that crony capitalism is about to get a lot worse under Biden. Could you elaborate on where you think we were during the Obama years in this regard, how Trump changed things to make it better, and why you think our current path is going to exacerbate that crony capitalism?

Second, could you elaborate on what you mean by a "failed administration"? I do see several familiar faces from the Obama Administration, though one could argue that having some relevant experience in a given profession can be useful.

Third, I'm curious which anti-free market corporations will benefit in your estimation? Are you speaking primarily of Big Tech here?

I do not suffer from any kind of BDS. The dude reminds me of my late Grandpa, who was a salesman, that I was really close with. At worst I consider him a vacuum where a person should be, not really his fault considering his age and mental frailty (watched my Gramps go through the same transition). He has a debt to Hollywood, the media, the Washington establishment, Facebook, Twitter, Big Crony Business, etc, for getting him elected- so that will tie up a lot of his appointment priorities. I saw someone from FB got a decent position. I see this as a step backwards from Trump, who felt much less bought and paid for- aside from energy and distribution institutions, which are much narrower avenues of american life than big tech, entertainment/media, profit-driven taxpayer-subsidy-seeking big businesses, wall street, etc. I liked the directional step away from outside influence the Trump administration took, and hoped that trajectory would continue rather than reverse with a vengeance. Before it was kind of a game of "pick your puppetmaster," with Media/Green Energy/Academia/Union Labor on the left and Fossil Fuels/Big Business (including tech companies)/Private Business on the right. Now half of the major groups have abandoned the right and jumped into the left lane, which makes for a pretty long bread line of companies waiting to get their taste at our expense.

I've touched on Obama's failures before, so maybe you could give me some of his successes to help me feel a bit more sanguine about the return of his dynasty? I think Obama was just the status quo that came before him, which ran contrary to his promise, and is his first failure IMO. I think Trump was the first effort in stepping it back- not necessarily for benevolent reasons, I think he just didn't like anyone having leverage over him (speculation)- and I think that's why half of the traditionally right-wing donors jumped ship, as they knew they probably wouldn't get much back on their investment (further speculation). Like Kamala Harris said in the debate regarding foreign policy- "you gotta know who your friends are; you gotta take care of them."

 

[Tater]

"What is the criteria for BDS?", I ask as I throw popcorn into my mouth.