Democrats Are Headed For A Disaster Of Their Own Making

The Democratic Party is headed for a nightmare scenario in the midterms, and it is 100% their own fault. By allowing student loan payments to start again - in spite of Biden's pledge to cancel up to $50,000 of it - and their decision to allow the Child Tax Credit to be cut down, they are screwing over American families at the worst possible time. All of this is fixable and avoidable, but the decisions we've seen from the Party so far shouldn't get us excited. Ring of Fire's Farron Cousins discusses this.

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

The Democratic party is facing a nightmare scenario with the 2022 midterm elections and unfortunately it's a nightmare scenario that they created for themselves. There's several major issues at play right now, first and foremost, one of the biggest ones coming around the corner, student loan debt repayment. Biden promised during his campaign, I'm going to forgive, I think it was $50,000 in student loan debt. That is what he pledged, it's on his, his Twitter. Okay. You can go and see it. People retweet it every day. And so far that hasn't happened. Oh sure, some groups, if you fall into like 18 different categories, you qualify for some student loan debt relief. Good for you people. I'm very happy. I really am.

But we've got trillions of dollars in student loan debt and Biden said he was gonna forgive 50,000 of it per person. And they've announced that ain't gonna happen, Jen Psaki laughed it off and said, ah, hey, you know, you, you want student loan debt relief, have Congress send him a bill. He'll sign it. Student loan debt repayments begin in February and people are gonna be because he promised it wouldn't happen, but he's making it happen anyway. Probably wouldn't have been as big of a deal if he hadn't made that promise that we can all again, go to his Twitter page and see it's there. But he did and that's a self inflicted wound. He could forgive that debt via executive order. He's choosing to not do it. That's a stupid move politically, economically and of course, in terms of humanity.

We have people that have actually found a little bit of newfound financial freedom during this period of time when the student loan debt payments have been suspended. They've actually been able to go out and do things like spend money on things they otherwise wouldn't be able to do. They're saving money for the first time in their lives, some of them, and all of that goes away at the beginning of February, 85 mil, billion dollars gets sucked outta the economy once these payments restart. And that's never a good thing for anyone, but that's what they're doing. Child tax credit, Joe Manchin wants to zero it out, which means if you got a payment this past week, that's likely your last payment. So you're taking money out of people's hands that you've been giving them for months now.

That has lifted literally millions of children out of poverty and you're taking it away from them in an election year. Very stupid move, incredibly stupid move. And what gets me about all of these self-inflicted wounds, literally taking money out of people's hands in an election year. What gets me about this is that not only is it bad policy and all those other, you know, horrible things it's gonna do to people, but Democrats should be killing it right now in the polls. Even if they didn't do those things, we still have a party that each day that passes we're getting more and more members of it that appear guilty of sedition, literally wanting to overthrow the duly elected government of the United States.

That is what the Republican party is and they're beating the Democrats by double digits because the Democrats are so horrible at running elections, at policy, at all of these things. Every problem the Democratic party is suffering from right now is their own making.