president obama signed a student loansuh... he has spoken north carolina today uh... and uh... he is right on thisissue uh... what they've done was a cut interest rates for students down fromsix point eight percent the three point four percent for the loans that they have and uh... p is arguing to keep them athree point four percent timmy anything they keeps the cost ofeducation lower is great kazakhstan lisa opportunity
and other all the people being on theone percent system it is that i have a shot at rightand one of the ways that you do that as affordable education so i'm definitely in favor of that now of course mit romney is in the worldthe trouble with uh... younger uh... demographics so he does want to be in further troubleso he came out messages don't get me to read to all ya of course i'm a shortterm short term millionaire wrong right but for now yeah let's extend the
luke the loans at only three point fourpercent make sure they don't go back up president juan pointed out the studentswho say that thousand dollars on average uh... over twelve years which is thatbridge uh... amount of time to take sam people the paid their student loans backwhich actually seems relatively short if you ask me you know how much identitieslows are effects thirty seven million people fest fifteen percent of americans and that is there's the student loandebt this people under the age of thirty so that's why both sides care aboutthese young voters but hey you know what
their army copies president while in this case fantasticit's a good result right that here is that troubling parliament ronnie's abuseon student loans that here is where he is going to do a flatout line i love these moments because it makes itcrystal clear this is no way that mit romney doesn't know this policy rightand he's gonna try to deceive you anyway let's watch clifton uh... you know i wish i could say thatthere's a place the fact that the
defiant richie money or free money andwe could pay for college education that's not gonna happen what's good what's gonna have to happenis we're gonna have to have rates as low as we could possibly have i'd like tosee more competition in the lenders now the devastating over the state law onbusiness i think you get less competition i'd rather have morecompetition with private letters as well as government love letters nancy that as an ally deception if youdon't know the details of this policy you might think it always seems like allhe wants competition so the rates are
lower and that the government has taken overby kicking out the private acts none of that is true let me tell youwhat the realities and i know that mit romney now in the past what happened was hewould get a government loan but there'd be a middle man a banker who would takea certain kind of now the banker didn't guarantee below itwas a government who did so the banker served no purposewhatsoever except to take some money in the meadow
he says competition but you know thatalready since if banks can give al those college loans at a lower rate than thegovernment they knew today nobody stopping them bite means give at interest rates loans lower than that government annual haveact although college students applying for those loans but they don't do it they can't do ittheir rates are that low so when mitt romney says all our fostercompetition
it's not remotely true what he wants todo is protect those banks that were in themiddle sucking up all that money you know who pays that extra money students in the form of higher well interest rates you know how much present all mama'stwenty ten proposal uh... that actually pass a bust imitate given credit for this all time so other ran things that i think he hadout apart
mit not a mixed message not a mixed bag this was the death with the right thingto do with it it's age students sixty eight billion dollars all relevent nears doesn't check tend to get on a savings that goes to the next generation ofpeople who want that have the opportunity
to be able to do as well as mit romneydid in his career in terms of success and money if that's what youcare about and of course a lot of americans do careabout that now marami says no no we got to thebanks back in the middle so he is a talking point about how it's agovernment takeover the government was providing alone in the first place okhe's trying to deceive you in order to make sure that people who are trying aneducation pay more money with people play asignificant rain which is a giant banks
he said that's one at hotmai isn'tcheyenne fraud the entire whatever's campaign this upon all money out of themiddle class and to the very top one-percent et cetera the execuse thatthose bags and this proves that perfectly becausehe can't possibly believe the lies that he just told you that program by president obama one ofthe great bills that he got passed and mit romney can't wait to undo it toget the final lap tens of billions of us back to the banksit makes me sick when i think about it
because you know what more second onthat right think about that right here's a guy who knows i hand this screw all those tubes and make them for pay more money so we can get another sixteen billiondollars the pop back goes the banks are can't promise in thatcase this is not totally wasteful middlemen anything small about sprayed on might dothat i don't care
like this is a conscience maybe theseare the things that don't for politicians they don't care about at all they're like alb the at whatever but to me dot an army intend to mature aware but i think i'd be sick over what i did to thosestudents if i did that but i think my god that they're gonna spend an extra coupleyears of their lives they're not gonna be able to go on vacation like
busy days of the president are aboutthis i think they're virani goes on as sensitive and it will go on vacationand i've been able to afford sti you know so many things for the kidset cetera et cetera cuz i ain't one of my banking zeiger friends to make anextra problem million dollars apiece it's justgrotesque
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