...that which can be ascribed to stupidity. Yes, I know the trope. However, I don't think this is stupidity:
First off, someone else in comments on FB pointed out that the interest rate on a student loan is something like a third of a percent more than the going rate for a car or mortgage. So right off the bat Sanders is being disingenuous - while, technically, what he said was true, it's rather misleading. Second, comparing *anything* to car loans is specious at best - I got a 0% rate on my new car, so by Sanders' "logic" pretty much *anything* is worse than that.
And, lastly, as thousands have already so rightly pointed out, he's comparing a loan that has no collateral vs. a loan with hard and fast physical objects. Um, duh. Of *course* the college loan is going to be a higher risk - there's literally nothing backing it up should the loan recipient default. I take out a car loan and stop making payments, the bank at least has a car. Ditto a mortgage. But if I get my degree, then default on my loan, what can the bank do? Sure, it can ding my credit and all, but it wouldn't stop me from working for the New York Times...
I don't think this is stupidity, though, or even ignorance. No, this smacks of the ubiquitous class warfare rhetoric that the Democratic party has been famous for spewing for, well, decades, if not centuries. Sanders is clearly targeting Millennials, who are watching the piles of student loan debt they accumulated in search of their "Fourteenth Century Art Appreciation" degree, are just ripe for the "Wealthiest One Percent" garbage the left so loves to spew (even if they are absolutely part of that one percent).
Sanders would have to almost literally be a drooling idiot to not know why a student loan would be a higher risk (therefore incurring a higher interest rate). He's obviously not, having managed to eke out a fairly good living as a politician -- he's been in public "service" for 34 years out of the 51 years since leaving college. Even if Sanders honestly does believe that a student loan should have a lower rate than a car loan, shouldn't he have an adviser or advisers who would say, hey Bernie, this is economic illiteracy here?
No, this is plain ol' class warfare, the likes of which we've seen since the turn of the century. The *last* century. Sanders is counting on the media not calling him on this BS and the message of "Bernie's looking out for the poor college students" coming through. Of course, no one's asking questions like "Gee, Bernie, why *are* college tuitions so high?" because then we'd have to risk the wrath of the ivory tower denizens and point out that, gee, maybe "professors" like Elizabeth Warren making a third of a million dollars a year teaching a single class might be the reason for that exorbitant college cost?
It's just *SOOOO* much easier to insinuate that somewhere, somehow, in a smoke-filled room, a bunch of eeeeeevil bankers have gathered to discuss ways to screw poor Millennial barristers with 14th Century Art History degrees...
That is all.