To sum it up… clueless!

Listening to him talk about student loans makes me want to throw up. He is calling for Congress to “stop interest rates from doubling”. He is calling for an artificial interest rate which means more pain in the future. The price of money being set artificially low will mean more loans. More loans that can’t be paid back means more bailout. More bailout means more pain.

He is also calling for easing on people who can’t pay back their loans. How does one accomplish this? More money in the market! More money printing. More money printing means higher cost of education. It’s a catch 22! If there is more money in the market then prices rise, this is the essence of inflation.

He wouldn’t know this because his economic advisors are a bunch of Keynesian clowns. Get the government out of education and there won’t be a need to “bail out” kids with loans. The price of education will drop! Government subsidizing education only results in the mess we have in front of us. Maybe these kids will learn that there is no such thing as a free lunch. Somewhere, somehow, someone pays for it.

Fools.