Even the average college student is not ignorant enough to ignore the economic woes wrought upon them by the Biden administration.
On Wednesday, Vice President Kamala Harris promoted her superior’s SAVE Day of Action in reference to the SAVE Plan, which is intended to reduce the monthly wages of low-income borrowers to $0 and remove debts entirely after 10 years.
This free pass has not been passed by Congress due to obvious inflation risks. President Joe Biden is still waving its flag because he desperately needs younger voters. He thinks, as he thought upon his first election, that this is a surefire tactic for appealing to that traditionally Democratic base.
It looks, however, like Harris is talking to a slightly opaque brick wall. Even a large portion of the college-educated Democratic voting base can see through the lies of the Biden administration. The appeal has a hard time obscuring the widespread woes of Bidenomics from them.
Biden has forgiven over $138 billion of student debt, 9% of the national total that is owed by 3.9 million borrowers. Despite this, swing-state voters are not polling in his desired direction on the matter. According to one Bloomberg News/Morning Consult poll, 54% of swing voters do not approve of student loan forgiveness. While a slightly higher percentage of zoomers approve, only 58% have heard the news of Biden’s false generosity.
Whatever positive polling benefits Biden would have had have been snuffed out by the much more pressing concerns around the effects of his expensive economic policies. Due to bloated spending plans such as student loan forgiveness, all taxpayers have literally paid the price. Inflation remains 20% higher on average than it was when Biden started.
Economic problems remain at the top of the list in the United States. It is the most agreed upon and highest priority topic for voters of all ages. It is also of particular importance to young voters ages 18-29, who have it 5 percentage points higher than their second greatest concern. A Bankrate survey found that 38% of zoomers and millennials feel like they have a harder time growing financially than their parents did at their age, compared to 17% who disagree.
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Because his fiscal failure is perhaps the highlight of his presidential career, Biden has remained low in the polls. Another Bloomberg News/Morning Consult poll found that 55% of swing voters do not approve of Biden, while 42% approve. 42% trust former president Donald Trump to handle student debt problems better, while 37% claim the opposite. Despite rising hopes, 47% would vote for Trump, while 43% would for Biden.
Try as hard as he might, Biden may well have pushed himself past the point of no return. His attempt to buy his most gullible yet historically loyal voting base has not worked. If anything, it has instead angered them because of how much more they have had to pay for basic necessities under his spendthrift regime. November will show if all his spending will have gone to waste.
Parker Miller is a 2024 Washington Examiner winter fellow.