President Obama visit Essay Example | Topics and Well Written Essays - 500 words

President Obama visit - Essay Example This would be of great help especially to the people with low incomes, since they would be reduced of the burden of having to repay the loan in full. The president also wanted to get to the students’ voting alliance that was responsible for his winning back in 2008, and told them that he needed their votes again in 2012 elections. The officials of the White House alleged that those students who had one or more federal loans would be allowed to merge their debts, which would reduce interest rates by half of the percentage point. Obama said that this plan was supposed to get rid of those federal subsidies that were taken to the private banks after the loans are merged, and this would help in improving the economy. He believed that if a big percentage of people’s paycheck is used to repay the loans instead of doing other things, it would affect the economy. This would be a great burden especially to those families who are in the middle-class; since their source of income is mainly from the salaries they get from their jobs. A big percentage of people’s income should help people to improve their businesses, so that the business can grow, and this would help improve the country’s economy. This would ensure that the future generations did not suffer economically due to insufficient funds. The president questioned Republicans who were in the congress for having blocked the job bill he had put in place. He said that those individuals who were jobless weren’t supposed to be deserted, and he would try to help them out even if the congress did not help him. He told the students’ things he planned to do, and he would do them single-handedly if the congress did not back him up. He said that he would ensure that each individual had an access to acquiring college education. This showed that the president was concerned about the future generation who are the next leaders of America, and by giving