The never-ending campaign continues, this time on student loans:
President Obama's 2014 budget calls on Congress to prevent a doubling of interest rates on student loans and make the rates "more market-based." Last week House Republicans and four Democrats voted to prevent the rates from doubling and make the rates more market-based.That's right: it's another campaign event. The main difference this time is that we need "fairness" and now is not the time to "turn our backs on young people."
Naturally, Mr. Obama is sitting down with the leaders of both parties in a good-faith effort to iron out their remaining differences before the July 1 rate increase. Just kidding.
After hurling a veto threat at the House, Mr. Obama is hosting a White House media event Friday morning. As his spokesman Jay Carney described it, "the President will be joined by college students here at the White House for an event where he will call on Congress to prevent student loan interest rates from doubling on July 1." Does Mr. Obama realize he can't run for re-election again?
Cue the slow clap.