NBC Highlights Democrat Party Divisions Over Biden Student Loan Plan

This Thursday Night NBC Nightly News committed a random act of journalism during their broadcast segment on the political fallout from President Joe Biden’s student loan bailout executive order. NBC also highlighted growing discord in the Democrat Party regarding the bailout. 

Introducing the segment, anchor Lester Holt announced that there’s “new debate over President Biden’s plan to forgive student debt for millions of Americans. It is not enough, argue some Progressives. While some moderates and many in the GOP say it’s simply unfair.” 

 

 

Giving his report, chief White House correspondent Peter Alexander reported how Biden’s student loan bailout was “praised by many progressive Democrats though some wanted the President to go further. While several moderates are critical.” 

Alexander then read a statement from Ohio Democrat Tim Ryan who said the bailout “sends the wrong message to the millions without a degree working just as hard to make ends meet.” 

While progressives aka “leftists” are angry the bailout doesn’t go far enough, moderates are frustrated that the bill goes too far, it’s clear to NBC that there is a split among Democrats.

“Republicans say it will force many working-class taxpayers who did not go to college to cover the cost of more affluent people who did,” Alexander revealed before airing a soundbite from Arkansas Republican Senator Tom Cotton: 

This is unfair. It just provides a glimpse into the priorities and goals of the democratic party. Once again, they are looking after the best interests of well-educated and wealthy elites. They are concentrated largely on our coasts.

Alexander even interviewed a plumber who is “outraged by the President’s decision. He says he and his wife juggled multiple jobs so his wife could pay for college without a loan.” 

At the end of his report, Alexander admitted it’s “still unclear whether this will impact inflation, and the White House says it cannot predict the price tag.” 

To read the relevant transcript of this segment click “expand”: 

NBC Nightly News
August 25, 2022
Eastern: 7:10 p.m. 

LESTER HOLT – Back home, new discussion over President Biden’s proposal to forgive student debt for many millions of Americans. It is not enough, argue some progressives. Some moderates, as well as many Republicans, think it is unfair. Peter Alexander attends the White House. 

PETER ALEXANDER – Triana Downing is thrilled. 

TRIANA DOWNING – I performed a happy dance. I was extremely excited. 

ALEXANDER – President Biden announced that her student loan debt will be reduced from 16, to 6, 000 dollars. Just a few years ago, she received some relief from George Washington University. 

DEEPENING: It is an immense blessing to me. There is a weight that’s lifted off my shoulders.

ALEXANDER : However, tonight’s President’s executive actions are igniting fierce arguments over fairness. For those with incomes below $125,000, the move will see $10,000 in federal student loan repayments wiped out by the government. Pell Grants for those with low incomes also have $20,000 of student loan debt. 

JOE BIDEN, THE PRESIDENT The benefit is concentrated on working families and the middle classes. 

ALEXANDER However, moderates remain critical. Ohio Democrat Tim Ryan warned it sent the wrong message. He said that the program sends the wrong message, warning millions who don’t have a degree and are still trying to get by. Republicans claim it will make many taxpayers of the working class who didn’t go to college pay for those who did. 

SENATOR TOM COTTTON: This is grossly unfair. It just provides a glimpse into the priorities and goals of the democratic party. Once again, they are looking after the best interests of well-educated and wealthy elites, which are concentrated largely along our coasts. 

ALEXANDER. Gabriel Runyan, a master plumber from Georgia is angry at President Trump’s decision. His wife, Gabriel Runyan, said that he worked multiple jobs to pay college tuition. This is what frustrates you the most. 

GABRIEL RUNYAN – We did our best to avoid having to borrow money. It was something that we didn’t desire to do. We didn’t want to use it. 

ALEXANDER : It is still unclear if this will affect inflation. The White House claims it can’t predict what the price will be. It could still cost taxpayers $500 trillion, according to a nonpartisan group.

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