Mitt Romney Wants To Bring Socialism Back For The Banks And The Student Lenders

Mitt Romney gave a speech on education yesterday. Most of it was about K-12, but in a related policy paper, he made it clear that he wants to bring a form of socialism back for the lenders. If he is elected, Romney would ensure that the middlemen - who the Obama administration ousted - would again be heavily subsidized by the government. That means Sallie Mae, Nelnet, and the other loan sharks would be propped again by taxpayers.

This is terrible policy. These lenders still have tremendous power over debtors who had been part of the FFEL program. This can't happen again. This is one of many reasons why Mitt Romney cannot win the election.

A man who urges people to "shop around" for colleges doesn't have a clue about the student loan debt crisis. His policy advisors are dreadful too. One of them - Bill Hansen - worked in the Department of Education while George W. Bush was President. The Department has enough of these types still there, but bringing back more of them would be devastating to borrowers and their families.

Clearly, Romney is an adamant believer in the Vidalian concept of  "free enterprise for the poor and socialism for the rich."

"More indentured educated Americans? That's what I want!"