Obama's student loans paid off 2004

[chanel]

Rich people can't understand what it's like to be poor or middle class? Can a poor or middle class person understand what it's like to be rich? Can a white person understand blacks or a Christian understand Jews? What is "understanding"?

It's all a bunch of B.S. in this phony class war. I'd like to see a president who cares about 100% of its citizens - not just 90% of Americans and 100% of the immigrants.

 

[BDBoop]

Does a Black fatherless man, one who was raised in the middle class, and who had to borrow money to go to college, and one who then became President of the United States, bring to the table a somewhat different POV than somebody who was born with a silver spoon in his mouth, who has never ever had to even think about the cost of things, one who was, and always will be wealthy?

Gee, kids, this isn't too difficult to answer I think.

The answer is: of course.

Oh great, we should re-elect the most worthless President to ever sit in the office because he had such hard times growing up with middle-class white folk, and had to deal with paying off loans for going to Harvard. Cry us a river.

You should vote for whomsoever you want to vote for, lad.


My post had nothing whatever to do with who you or I vote form now, does it? (do take the time to read my post again)

I don't think many Americans give a flying flip about the background of either candidate, they just want someone who can fix the economy. That obviously isn't Obama, he's proven it.

I think you're right that background isn't the issue, but I defintiely do thinking the candidates UNDERSTANDING what people are facing probably is.

Can a person of the manor born, like Romney, actually fathom what it means to be a middle class person?

Well, I have no doubt some of them can, but based on the comments Romney has made, and the policies he believes are good for America, I don't think he can.

The far better question is can OBAMA fathom what the American middle class is facing?

I think he has a slightly better idea, but no, I doubt his POV really gets it, too.

EVen though he came from that class, he hadn't truly been an average citizen of this nation in a mighty long time.

As one who spent several years in poverty as a child, I can tell you (barring alzheimers) - you never forget.

 

[Oldstyle]

Oh great, we should re-elect the most worthless President to ever sit in the office because he had such hard times growing up with middle-class white folk, and had to deal with paying off loans for going to Harvard. Cry us a river.

You should vote for whomsoever you want to vote for, lad.


My post had nothing whatever to do with who you or I vote form now, does it? (do take the time to read my post again)

I don't think many Americans give a flying flip about the background of either candidate, they just want someone who can fix the economy. That obviously isn't Obama, he's proven it.

I think you're right that background isn't the issue, but I defintiely do thinking the candidates UNDERSTANDING what people are facing probably is.

Can a person of the manor born, like Romney, actually fathom what it means to be a middle class person?

Well, I have no doubt some of them can, but based on the comments Romney has made, and the policies he believes are good for America, I don't think he can.

The far better question is can OBAMA fathom what the American middle class is facing?

I think he has a slightly better idea, but no, I doubt his POV really gets it, too.

EVen though he came from that class, he hadn't truly been an average citizen of this nation in a mighty long time.

As one who spent several years in poverty as a child, I can tell you (barring alzheimers) - you never forget.

Betty!!! As the originator of this thread perhaps YOU would like to take a stab at explaining how someone could have been making the money that Barack Obama was right out of Harvard Law School and could have had "difficulties" paying off his student loans?

The truth is...he could have written a check and paid the whole amount off...right then and there. Yet the arrogant SOB has the nerve to stand up on stages in front of thousands of students who won't be graduating with six figure book deals or high paying law firm jobs and tell them that he's just like them?

 

[BDBoop]

You should vote for whomsoever you want to vote for, lad.


My post had nothing whatever to do with who you or I vote form now, does it? (do take the time to read my post again)






I think you're right that background isn't the issue, but I defintiely do thinking the candidates UNDERSTANDING what people are facing probably is.

Can a person of the manor born, like Romney, actually fathom what it means to be a middle class person?

Well, I have no doubt some of them can, but based on the comments Romney has made, and the policies he believes are good for America, I don't think he can.

The far better question is can OBAMA fathom what the American middle class is facing?

I think he has a slightly better idea, but no, I doubt his POV really gets it, too.

EVen though he came from that class, he hadn't truly been an average citizen of this nation in a mighty long time.

As one who spent several years in poverty as a child, I can tell you (barring alzheimers) - you never forget.

Betty!!! As the originator of this thread perhaps YOU would like to take a stab at explaining how someone could have been making the money that Barack Obama was right out of Harvard Law School and could have had "difficulties" paying off his student loans?

The truth is...he could have written a check and paid the whole amount off...right then and there. Yet the arrogant SOB has the nerve to stand up on stages in front of thousands of students who won't be graduating with six figure book deals or high paying law firm jobs and tell them that he's just like them?

Really. Do tell. And how do you know how much he was making right out of Harvard law school?

 

[mudwhistle]

Guess we will never know will we... his records are sealed.

His tax records are not sealed, at least as back as 2000. I took a quick look, there was no SL interest deduction in 2000. Why one would ask? His MAGI was approx $165k OVER the limit to take this deduction.

Where does one find that info?

And, I find it very difficult to believe it took Obama that long to pay off his student loans. At the time he started college, the payoff time of those loans was structured differently than it is today and the relative cost of college was much less than it is today.

I call bullshit on the prez.

No.....I can believe it. He suddenly paid off his student loan once he came to Washington after "winning" in the US Senate representing Illinois. Before that he was broke.

 

[Oldstyle]

As one who spent several years in poverty as a child, I can tell you (barring alzheimers) - you never forget.

Betty!!! As the originator of this thread perhaps YOU would like to take a stab at explaining how someone could have been making the money that Barack Obama was right out of Harvard Law School and could have had "difficulties" paying off his student loans?

The truth is...he could have written a check and paid the whole amount off...right then and there. Yet the arrogant SOB has the nerve to stand up on stages in front of thousands of students who won't be graduating with six figure book deals or high paying law firm jobs and tell them that he's just like them?

Really. Do tell. And how do you know how much he was making right out of Harvard law school?

I don't know. What I do know however is that he got a six figure book contract and a job with a prestigious Chicago law firm right out of Harvard Law School. I also know that current Harvard Law graduates average $155,000 to start. Since Barry was the first black President of the Law Review and considered quite a "catch" I'm guessing he made substantially more than the "average" Harvard Law grad. What I find absolutely laughable is the concept that Barack Obama is ANYTHING like most of the college graduates he's now talking to and pretending to be one of. The fact is...he could have most likely written a check for the full amount of his student loan the first year after he graduated and the only reason he wouldn't have done so was that the interest on such a loan was so low that there was no reason TO pay it off.

Care to refute that?

 

[Sunshine]

President Barack Obama, courting young voters crucial to his reelection, told a rowdy college-age crowd at the University of North Carolina at Chapel Hill on Tuesday that he knows first-hand about the burden of student loans because he only managed to pay his back a scant eight years ago.

"Michelle and I, we've been in your shoes," Obama, who turns 51 in August, told a cheering, capacity crowd of 8,000 at Carmichael Arena.

"Check this out, all right. I'm the president of the United States. We only finished paying off our student loans off about eight years ago. That wasn't that long ago. And that wasn't easy--especially because when we had Malia and Sasha, we're supposed to be saving up for their college educations, and we're still paying off our college educations," he said.

Obama: I only paid off my student loans eight years ago - ABC News

Are we still trying to say Romney and Obama are comparable, from an economic background standpoint?

I know a woman who put her student loans on forebearance for 20 years. Her husband's wealthy family supported them and she claimed not to have work. Now she is out on her own the chickens have come home to roost and she is having to pay about 3 times as much as she borrowed. But she never thought she would have to pay them at all.

Student loans are supposed to be paid in 15 years. But depending on the market and interest rates it may be a better deal to just pay them off on a slower schedule and let your money earn interest somewhere else.

Two examples of how paying off student loans late dose not indicate you are in poverty.

 

[Sunshine]

True dat!

Khalid Mansour never paid for Romney's way into Harvard!

And student loans didn't pay for Obama to go ivy. The tuition is fare more than a person can get in student loans.

 

[Sunshine]

Does a Black fatherless man, one who was raised in the middle class, and who had to borrow money to go to college, and one who then became President of the United States, bring to the table a somewhat different POV than somebody who was born with a silver spoon in his mouth, who has never ever had to even think about the cost of things, one who was, and always will be wealthy?

Gee, kids, this isn't too difficult to answer I think.

The answer is: of course.

Oh great, we should re-elect the most worthless President to ever sit in the office because he had such hard times growing up with middle-class white folk, and had to deal with paying off loans for going to Harvard. Cry us a river.


I don't think many Americans give a flying flip about the background of either candidate, they just want someone who can fix the economy. That obviously isn't Obama, he's proven it.

Actually, I do give a flip about the background of the candidate. America was once a wealthy country. I don't believe the 'common man' understands wealth enough to be able to run even a Fortune 500 company, let alone a country. And it is glaringly obvious that most boomer common men have not been altogether successful in their own lives. All they know is how to borrow and spend. Like Obama with his 'middle class' background.

The current plight of this country with regard to debt to income ratio definitely shows THAT because of all the 'common men' that got elected to Congress! Congress is of no help. Many of them don't have a pot to piss in until they get into office. They spend our money and line their own pockets rather than do what is needed to keep America the wealthiest country on the planet.

Don't talk to me about how 'the common man' needs to be our chief executive~! That dog just don't hunt! (**refraining from making an Obama dog joke**)

 

[Oldstyle]

Gee, Boop...guess you don't want to discuss student loans anymore?

Too funny...

 

[Oldstyle]

I think it's time to put this thread in the "FAIL" column.

 

[Sunshine]

I think it's time to put this thread in the "FAIL" column.

Maybe Collossal Fail!

 

[Annie]

Does a Black fatherless man, one who was raised in the middle class, and who had to borrow money to go to college, and one who then became President of the United States, bring to the table a somewhat different POV than somebody who was born with a silver spoon in his mouth, who has never ever had to even think about the cost of things, one who was, and always will be wealthy?

Gee, kids, this isn't too difficult to answer I think.

The answer is: of course.

He wasn't 'fatherless.' His parents were married. They divorced. Truth of the matter, Bill Clinton probably had a much worse childhood than Barack Obama.

 

[Sunshine]

Does a Black fatherless man, one who was raised in the middle class, and who had to borrow money to go to college, and one who then became President of the United States, bring to the table a somewhat different POV than somebody who was born with a silver spoon in his mouth, who has never ever had to even think about the cost of things, one who was, and always will be wealthy?

Gee, kids, this isn't too difficult to answer I think.

The answer is: of course.

He wasn't 'fatherless.' His parents were married. They divorced. Truth of the matter, Bill Clinton probably had a much worse childhood than Barack Obama.

Likely he did have a worse childhood than Obama. But he studied his butt off to become a Rhodes scholar.

 

[Annie]

Does a Black fatherless man, one who was raised in the middle class, and who had to borrow money to go to college, and one who then became President of the United States, bring to the table a somewhat different POV than somebody who was born with a silver spoon in his mouth, who has never ever had to even think about the cost of things, one who was, and always will be wealthy?

Gee, kids, this isn't too difficult to answer I think.

The answer is: of course.

He wasn't 'fatherless.' His parents were married. They divorced. Truth of the matter, Bill Clinton probably had a much worse childhood than Barack Obama.

Likely he did have a worse childhood than Obama. But he studied his butt off to become a Rhodes scholar.

True dat. Also he didn't hide his grades or accomplishments. Funny thing, Clinton has always reminded me of a much happier version of Nixon. Very smart, lots of issues. One of the best and worst presidents of the ages.

 

[Sunshine]

He wasn't 'fatherless.' His parents were married. They divorced. Truth of the matter, Bill Clinton probably had a much worse childhood than Barack Obama.

Likely he did have a worse childhood than Obama. But he studied his butt off to become a Rhodes scholar.

True dat. Also he didn't hide his grades or accomplishments. Funny thing, Clinton has always reminded me of a much happier version of Nixon. Very smart, lots of issues. One of the best and worst presidents of the ages.

If he would have just kept it in his pants, he would likely have been the best president this country has ever had. He had worked on becoming president. Obama got elected because he is black. He also got into an ivy school because he is black.

 

[MeBelle]

Guess we will never know will we... his records are sealed.

His tax records are not sealed, at least as back as 2000. I took a quick look, there was no SL interest deduction in 2000. Why one would ask? His MAGI was approx $165k OVER the limit to take this deduction.

Where does one find that info?

And, I find it very difficult to believe it took Obama that long to pay off his student loans. At the time he started college, the payoff time of those loans was structured differently than it is today and the relative cost of college was much less than it is today.

I call bullshit on the prez.

TaxProf Blog: Obama Releases 2000-2006 Tax Returns

I cross referenced with the IRS rules and regs for every year given.

 

[MeBelle]

Does a Black fatherless man, one who was raised in the middle class, and who had to borrow money to go to college, and one who then became President of the United States, bring to the table a somewhat different POV than somebody who was born with a silver spoon in his mouth, who has never ever had to even think about the cost of things, one who was, and always will be wealthy?

Gee, kids, this isn't too difficult to answer I think.

The answer is: of course.

He wasn't 'fatherless.' His parents were married. They divorced. Truth of the matter, Bill Clinton probably had a much worse childhood than Barack Obama.

WHOA!!!! Annie, you dawg, you I was going to post something similar to this! GMTA!!!

 

[Annie]

Likely he did have a worse childhood than Obama. But he studied his butt off to become a Rhodes scholar.

True dat. Also he didn't hide his grades or accomplishments. Funny thing, Clinton has always reminded me of a much happier version of Nixon. Very smart, lots of issues. One of the best and worst presidents of the ages.

If he would have just kept it in his pants, he would likely have been the best president this country has ever had. He had worked on becoming president. Obama got elected because he is black. He also got into an ivy school because he is black.

He had lots of 'problems', especially early on. Like Nixon, he was and is one of the most complex personalities of presidents. Obama isn't. He's thin, in every measure.

 

[Sunshine]

Obama's promise to protect interest rates on student loans is going to be broken. He's planning on a veto of that bill.

He is going to veto he because the bill also eliminates preventive medicine funding which will result in thousands of people dieing. So perhaps you could get a clue... but then you'd be a demcorat

Ah, a progressive!!! Great. So tell me, Star...when Obama talks about knowing what other students are going through with "their" student loans...do you think he's full of shit? From what others have said on here, Barry had $60,000 in student loans. He made over a hundred thousand on just his book deal coming out of college along with a position at one of Chicago's most prestigious law firms where his future wife Michelle also worked. Now the average starting wage for a Harvard Law School grad is $155,000 a year. So between what he made on the book deal and what he was getting paid as a lawyer...how is it that he took all this time to pay off his student loans? Care to take a stab at that?

My take on it is this...the interest rate on student loans is negligible so he was in no hurry to pay it back because it wasn't costing him very much. Heck, if he wasn't running for political office he'd probably STILL be stringing that loan out.

I can't believe the guy has the stones to get up in front of a college crowd and portray himself as just another poor student...just like them. Talk about your grade A horse shit!

60K. About what one year at an ivy school would have cost.