Home New loan Kari Lake speaks out against federal loan forgiveness. Unless it’s hers

Kari Lake speaks out against federal loan forgiveness. Unless it’s hers

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Kari Lake just wants us to leave her a loan.

The Republican candidate for governor of Arizona has publicly opposed recent federal action to provide relief to student borrowers across the country. But she also benefited from a federal loan in April 2020 under the Federal Paycheck Protection Program which was later forgiven.

That doesn’t stop her from comparing loan forgiveness to stealing when the money goes to debt-ridden college students, instead of her husband’s video production company that works for his political campaign. It’s a classic case of rules for you but not for me.

Last week, Lake replicated the burgeoning trope of his fellow self-proclaimed, Trump-endorsed “MAGA patriots” after President Joe Biden proposed canceling up to $10,000 in federal student debt for individual borrowers earning less than $125,000 per year.

The trope: bailing out people mired in student debt is tantamount to robbing blue-collar workers and honest college graduates who have already paid off their debts. The underlying sentiment of conservative dissidents centers on the right-wing pillars of personal responsibility and sacrifice.

Many critics of student loan forgiveness believe that borrowers are responsible for repaying the loan by any means necessary. But several Republican critics of Biden’s proposal, including Lake, failed to mention their own canceled federal loans.

The former Fox 10 Phoenix anchor retweeted a Fox News clip posted by the Republican National Committee on Aug. 24 with the caption, “People who’ve already paid off their student loans, they’re not getting anything out of this deal.” In her own caption, she wrote, “Democrats like Joe Biden and Katie Hobbs will rob you blind and expect you to thank them.”

Hobbs, the current Arizona secretary of state, is Lake’s Democratic opponent in the November general election.

Main sonar FiveThirtyEight predicted Hobbs is a three-point favorite to win. Lake’s shares fell last week after endorsing a homophobic anti-Semitic for the Oklahoma State Senate. He lost fantastically.

Borrowing problem

The White House delivered a scathing defense of his student loan cancellation plan on Twitter, throwing down the gauntlet to Republican lawmakers, one by one, who have seen their own PPP loans canceled.

Phoenix-based ZenVideo’s $5,663 PPP loan has been forgiven, according to public records. ZenVideo belongs by Lake’s husband, Jeff Halperin, and is owned by the Halperin Family Living Trust. Lake is a trustee of the inter vivos trust, according to his campaign financial disclosure.

The Paycheck Protection Program was designed to provide small businesses with funds to cover payroll costs. Records show that ZenVideo employs no personnel other than Halperin.

Federal Election Commission records showed ZenVideo received nearly $2,200 from Lake’s campaign. Halperin exists alongside Lake in perpetuity, filming music videos at all of his wild parties and posting them to social media.

Democrats jumped on the hypocritical nature of Lake’s criticism of the student debt relief proposal.

“Does Kari Lake see this as a gift from the government when she had her own PPP loan cancelled?” Josselyn Berry, chief spokesperson for the Arizona Senate Democratic Caucus, asked in an interview with Phoenix New Times. “Or does she reserve her criticism only for hard-working Arizonans trying to keep their businesses and households afloat?”

The lake campaign did not respond to the many new times requests for comments.