However, Barack Hussein Obama still has 59 votes in the Senate, a House that is still in the tank by a wide margin, and has at least another ten months before encountering any meaningful speed bumps, or more preferably an arresting hook, that could either slow or possibly stop cold the takeover of America by the radical far-left that is currently underway.
While many aren't looking, Obama is moving to seize the school loan program through his pending 2010 budget bill.
A bill currently before the Senate would empower the Obama administration to nationalize the student lending industry, eliminating the federally subsidized private loans millions of university students rely on to finance their educations.You can read the whole thing here.
The Student Aid and Fiscal Responsibility Act – currently being considered by the Senate Health, Education, Labor, and Pensions (HELP) Committee – would eliminate the Federal Family Education Loan (FFEL) program. FFEL loans are federally subsidized and make up approximately 80 percent of the student lending industry.
We are now exactly 365 days into this hideous and rapidly advancing takeover by the radical far-left. To this point, the federal government has grabbed two of our three automakers, 90% of the mortgage industry, is currently gearing up to go after our banks, and now is seeking to snatch up all school loans.
How long will it be before loans for higher education begin being divvied out based on the "political reliability" of the hopeful recipient?
Not very, I would say.
Perhaps after the results in yesterday's special Senate election in Massachusetts, the republicans might now grow a spine and resist this insanity.
I'm not holding my breath, but it could happen.
You can read more about this topic here.