Is Obama a $51 billion student loan profiteer?
The tide of undying devotion paid to Obama by college students may be turning as young people begin to notice the higher education bubble and the role they play in it.
Jonathan Duran of Policy Mic writes.
Obama Made $51 Billion On the Backs Of Broke College Students
It’s supposed to be a good thing when the nation turns a profit on its investments (Go, government!) but it’s probably not so good when that profit is built on crushing debt for those who will be responsible for taking America into its economic future (Boo, Government).
As reported by fellow PolicyMic pundit, Alex Marin, a recent report from the Congressional Business Office shows that President Obama is poised to rake in a record $51 billion in profit from student loan borrowers; borrowers currently crushed under loan debt causing economic depression and possible future destabilization.
Let me repeat, that’s $51 billion, with a B, as in Balling.
Of course, they still haven’t figured out that capitalism is their best defense.
The private sector is having a hard time competing with this ‘students that laid a golden egg’ situation. Seriously. The folks that made the most in profit last year were our good ole earth polluting, oil baron friends over at Exxon Mobile who pulled in a cool $44.9 billion in net income, according to the Huffington Post. Apple, Inc., was second in line for gold lining pockets with $41.7 billion. That’s all fine, I assume, because capitalism.
Even so, here’s an animated gif from the article that would make any BuzzFeed writer proud.
Obama Made $51 Billion On the Backs Of Broke College Students (Policy Mic)