Bloomberg’s Jonathan Ferro Calls out Brian Deese on Warped Priorities on Student Debt

FERRO One thing under ░░░░░░░░ and we know this ░░░░░░░░ several reporters and we ░░░░░░░░ talked about this previously ░░░░░░░░ is student debt relief ░░░░░░░░ White House considering something ░░░░░░░░ to 10 000 There ░░░░░░░░ people without a college ░░░░░░░░ wondering why those with ░░░░░░░░ college degree are getting ░░░░░░░░ help I will go ░░░░░░░░ the numbers and then ░░░░░░░░ ll ask for your ░░░░░░░░ So the latest research ░░░░░░░░ Pew points out that ░░░░░░░░ in 10 Americans age ░░░░░░░░ or older have a ░░░░░░░░ s degree or higher ░░░░░░░░ that as you know ░░░░░░░░ black American adults for ░░░░░░░░ adults that number is ░░░░░░░░ much lower than 4 ░░░░░░░░ 10 You also know ░░░░░░░░ s a growing earnings ░░░░░░░░ between those who have ░░░░░░░░ college degree and those ░░░░░░░░ do not the unemployment ░░░░░░░░ is lower for those ░░░░░░░░ have a college degree ░░░░░░░░ to those who do ░░░░░░░░ So the question Brian ░░░░░░░░ people are asking if ░░░░░░░░ don t have a ░░░░░░░░ degree right now is ░░░░░░░░ is that to help ░░░░░░░░ are you doing that ░░░░░░░░ Why are you considering ░░░░░░░░ that Who is it ░░░░░░░░ other than just energizing ░░░░░░░░ base going into the ░░░░░░░░ later this year DEESE ░░░░░░░░ first we should be ░░░░░░░░ to help everybody who ░░░░░░░░ to work get into ░░░░░░░░ job that will give ░░░░░░░░ pay and an upward ░░░░░░░░ and opportunity to succeed ░░░░░░░░ of the things we ░░░░░░░░ seeing about having such ░░░░░░░░ strong labor market recovery ░░░░░░░░ now is we are ░░░░░░░░ historic gains not just ░░░░░░░░ the largest decline in ░░░░░░░░ rate in any recovery ░░░░░░░░ recent history but also ░░░░░░░░ gains for blacks record ░░░░░░░░ in the unemployment rate ░░░░░░░░ the largest reduction in ░░░░░░░░ rate for Hispanics ever ░░░░░░░░ record So we are ░░░░░░░░ that in the job ░░░░░░░░ We want to do ░░░░░░░░ A lot of that ░░░░░░░░ about workplace training apprenticeships ░░░░░░░░ Brian I just want ░░░░░░░░ jump in I just ░░░░░░░░ to nail down the ░░░░░░░░ because you know this ░░░░░░░░ important As you know ░░░░░░░░ I will repeat it ░░░░░░░░ with a college degree ░░░░░░░░ to be doing much ░░░░░░░░ than those without As ░░░░░░░░ work out relief for ░░░░░░░░ American people at the ░░░░░░░░ why is there focus ░░░░░░░░ 10 000 of student ░░░░░░░░ relief at a time ░░░░░░░░ those people in America ░░░░░░░░ do not have a ░░░░░░░░ degree are getting squeezed ░░░░░░░░ gas prices crude again ░░░░░░░░ morning at 118 JPMorgan ░░░░░░░░ gas could hit 6 ░░░░░░░░ this year You know ░░░░░░░░ people that is hitting ░░░░░░░░ most Many of those ░░░░░░░░ not have a college ░░░░░░░░ Why is this administration ░░░░░░░░ on doing something which ░░░░░░░░ s face it might ░░░░░░░░ well in the midterms ░░░░░░░░ ultimately isn t going ░░░░░░░░ help those people that ░░░░░░░░ to help the most ░░░░░░░░ now?”