Friday, August 31, 2012

Romney's Republican Nomination Speech: Student Loans Will Be HOT Topic This Election Season

This evening, Romney accepted the Republican nomination for President in Tampa, Florida. One thing is certain from reviewing pieces of his speech: student loans are going to be a huge issue this election season. 

At one point Romney said, "Every new college graduate thought they'd have a good job by now, a place of their own, and that they could start paying back some of their loans and build a future." 

Of course, for millions of recent graduates, that is not happening and the indentured educated class is well aware of this fact. However, I have already raised concerns about the possibility of Romney winning, especially given those he has chosen to oversee higher education initiatives.

I'm reviewing Romney's speech carefully and will provide more detailed analysis tomorrow. In the meantime, it is safe to say that he has hit on a major issue - the student lending crisis - but I am not confident that, if elected, he wouldn't do much in the way of coming up with viable solutions to the problem. 

Mitt Romney makes funny joke about how Tampa will be under water in a century
Photo Credit: J. Scott Applewhite

9 comments:

John in Boston said...

Marco Rubio spoke with seeming empathy of those with student loan debt too.

Nando said...

At least, these bastards are mentioning the issue. However, I don't anticipate that they will do much, if anything, to help student debtors - if elected.

In the end, this party's rhetoric focuses on the following themes: "personal responsibility," "hard work," "pulling yourself by your bootstraps," etc. (Of course, they also believe in BAILING OUT large companies when they fail, and pretty much guaranteeing that corporations will earn a profit.)

Student debtors, as a group, do not have much money to donate to campaigns. Nothing will happen, until it becomes OBVIOUS to the owners that these debtors cannot make fundamental or milestone purchases - such as owning a home or other large items.

Anonymous said...

As usual, I appreciate Nando's candor!

I agree - it's good to hear that Romney (even if by desperation) has somehow "swayed" in the direction of recognizing there is a problem. In the past, he's been cold-hearted about it in my opinion. His "Borrow from your parents" remark was so insensitive.

I wrote the Romney campaign a couple of weeks ago and shared my own story. I know they don't give a flying rat's behind about me, but I thought, "Hey, why not?" I'm glad to see that this will actually be a hot topic. Frankly, I don't believe that Romney OR Obama will do anything about student loans until it's too late (wait, isn't that now?). Our government has always been reactive when it comes to the welfare of the citizens. Tragedy has to befall many before they react. But again, at least they're recognizing this crisis.

Cryn, I look forward to your deeper analysis of this speech. I plan to contribute to the AEM fund in the future. While this sounds pathetic, I am living so paycheck to paycheck right now, that I cannot guarantee I'll have funds in my account, no matter how pitiful the amount may be, every month for the withdrawal. The last thing I need is to have overdrafts added to my sad credit report (thanks to student loan debt to income ratio). Thank you for what you're doing for all of us.

Anonymous said...

How can you have bankruptcy when all the retirement funds are invested in SLAMS?

Anonymous said...

But Clint Eastwood was pretty derisive of Obama's stops at campuses to talk about student loans.

That guy fucking blows.

Laurie Sanders said...

Great...

http://www.inquitech.com/

Liz said...

Well, we just need a solution to the student loan issue not a political speech using such issue to win over the other in the election period. I Hope someone can end up our economic crisis.

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osman ahmed said...

Do you need a Loan?
Are you looking for Finance?
Are you looking for a Loan to enlarge your business?
I think you have come to the right place.
We offer Loans atlow interest rate.
Interested people should please contact us on
For immediate response to your application, Kindly
reply to this emails below only:
easyloanoffer1@gmail.com

Please, do provide us with the Following information if interested.
1) Full Name:.........
2) Gender:.........
3) Loan Amount Needed:.........
4) Loan Duration:.........
5) Country:.........
6) Home Address:.........
7) Mobile Number:.........
8)Monthly Income:.....................
9)Occupation:...........................
)Which site did you here about us.....................
Thanks and Best Regards.
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