President Barack Obama: Student Loan Bill
President Barack Obama: Student Loan Bill, In the political campaigns still taking shape, President Barack Obama, Republican challenger Mitt Romney and lawmakers of both parties say they want to protect college students from a sharp increase in interest rates on federally subsidized loans. Agree, they might, and act they surely will. But first, they settled effortlessly into a rollicking good political brawl.
In less than 72 hours, what might have looked like a relatively simple matter mushroomed into a politically charged veto showdown that touched on the economy and health care, tax cuts and policies affecting women. Accusatory campaign commercials to follow, no doubt.
“This is beneath us. This is beneath the dignity of this House and the dignity of the public trust that we enjoy,” protested House Speaker John Boehner, R-Ohio as he and Democrats both maneuvered for position on the student loan bill.