this post was submitted on 22 May 2024
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[–] BakerBagel@midwest.social 11 points 6 months ago (2 children)

Biden won in 2020 because Trump absolutely botched the national pandemic response. Now Biden is dealing with a recession on all but name, meteoric inflation, a war in Europe, and a genocide in Gaza. He obviously can't do much for the economy, but he has the deck stacked against him and is going to need the youth and muslim votes if he hopes to win in November. All he has really done for young voters is a few waves of student loan forgiveness. Nothing he does will win over "moderate" Republicans, so he needs to rally support from young voters.

[–] return2ozma@lemmy.world 1 points 6 months ago (2 children)

He's wiped student loan debt for around 4.75 million people. Sounds like a lot but then you realize there's 45,000,000 with student loan debt and $1,750,000,000,000 total student loan debt.

[–] UnderpantsWeevil@lemmy.world 3 points 6 months ago

He’s wiped student loan debt for around 4.75 million people

He didn't wipe the debt out, he just stopped fighting in the courts over an existing loan forgiveness program that Betsy DeVos had decided to fuck with during Trump's first term. And the bulk of this loan forgiveness came as part of a deal that required 10 years of employment in a public sector career. Fucking with it meant undermining recruitment efforts by the Pentagon, the FBI, etc.

Biden is trying to take credit for a Clinton Era Program, not unilaterally writing off billions in debt.

Even setting aside the fact that $7B isn't even a percentage point on outstanding debt, this is purely headline gore and has little to do with Biden's domestic policies.