Friday, March 26, 2010
Congress / Politics / Woods Lamar Goes Loony Over Student Loan Fix
Posted by Jeff Woods on Fri, Mar 26, 2010 at 8:03 AM
Sen. Lamar Alexander has plunged down the rabbit hole. Against all common sense, he led the charge against another of President Obama reforms, this one to eliminate the middle men in the student loan program and save taxpayers a ton of money.
When Congress finally did the right thing yesterday and approved the overhaul, chasing commercial banks out of the program and redirecting the savings to classrooms, Alexander still was yapping fatuously about government takeovers:
"The Democratic majority decided, well look, while we're at it, let's have another Washington takeover. Let's take over the federal student loan program."
Alexander, the former education secretary and University of Tennessee president, is embarrassing himself by so obviously whoring down for the banks. His truth-twisting arguments against this reform over the past few weeks have been widely mocked and ridiculed. In a Washington Post oped, he made the absolutely loony claim that the change will take all the fun out of asking banks for student loans. No, not that!
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