Right from the Right: Sallie Mae Blames 2,500 Layoffs on Obama's Student Loan Overhaul

Friday, April 02, 2010

So Obama socialized another part of our lives while at the same time costing 2,500 people their jobs from just one company..

Well done sir..

You can't say he isn't multitasking..

Jim said...: So Obama socialized another part of our lives

Huh? You hate government waste, don't you? Financial institutions were making billions from lending without any risk since all losses were covered by YOUR TAX DOLLARS. So the government eliminates the middle man and saves YOU $64 Billion.

Well done sir, indeed!; April 02, 2010 7:05 PM
The Game said...: you really don't get it..
now the govt can tell schools what they can and can not do or they will be be able to participate in the loan program..they already do it to states to get them to pass laws they want (drinking age and BAC for example)...
its the govt taking more and more and more control...
Someone is still going to have to manage all these loans...so if you say it saves 64 billion, it will save almost nothing or cost us even more while not creating as many jobs as it just cost...; April 02, 2010 7:47 PM
Jim said...: now the govt can tell schools what they can and can not do or they will be be able to participate in the loan program

Why would they do that? They make loans to individuals, not schools.; April 02, 2010 9:43 PM

Right from the Right