Palin "populist" opposes taking student loan program from banks (and saving $80 Billion)

[JohnWxy]

http://www.ourfuture.org/blog-entry/2010020609/tell-senate-stand-students-not-sarah-palins-big-bank-buddies

Right now, we taxpayers give big banks billions to subsidize their student loans. Giving big banks money is decidedly unpopular after the TARP bailout, among liberals and conservatives. So you'd think there would be consensus to end the subsidies.

Apparently not.

After the House passed President Obama's proposal to end the subsidies, offer students direct government loans and save taxpayers $80 billion, the Senate has the bill in limbo while bank lobbyists swarm the Capitol.

And now, Sarah Palin and the Tea Party is taking all their anti-bank populist rhetoric, and using it to support ... the banks.

At last weekend's Tea Party conference, Palin deliberately conflated ending the bank subsidies with the bank bailout:

"The list of companies and industries that the government is crowding out and bailing out and taking over, it continues to grow. First, it was the banks, mortgage companies, financial institutions, then automakers. Soon, if they had their way, health care, student loans."

(more)

Yeah, the "populist" is now fighting to keep the student loan program in the hands of banks, so they can continue to take a cut from the money meant to be an investment in AMerica's future to the tune of $80 billion.

[aquart]

1. Not a problem her kids will ever have.