Students and workers need help from the government

We have presidential candidates, a president and former presidents with all the rhetoric of campaigning for reasonable student loan rates.

Many of the same politicians bailed out the banks in 2008-09, and many were in office whether a Congressperson, governor or Secretary of State at the time. Yet the banks charge students 6.5 and higher interest in usury state considering the low fed rates. These students often cannot pay the interest.

No wonder the people are angry at the establishment.  I know a father and son who both retired from General Motors (GM) – remember the decades adage “so goes GM, so goes America?” Yet these people were not even advised the GM stock would be worthless upon exiting bankruptcy so many did not sell the stock – and this transpired when GM was negotiating benefits with the workers. These two people lost over a million dollars after a lifetime of work. Americans lost the protection of open advisement of companies with worthless stock upon exiting bankruptcy.

The corrupt and criminal politicians have sent our jobs overseas since the 1980s in high degree. Help the students and workers and don’t just spill out the insincere proposals. The bands and GM were bailed out by government, and the government made out financially by holding GM stock – a collusion of government and business.

Bob Paley
North Brunswick