Er...that probably doesn't read the way it was intended...
The White House on Tuesday threatened to veto a bill backed by U.S. House of Representatives Democrats that would slash subsidies paid to college student-loan companies such as Sallie Mae, Citigroup and Bank of America.
Expected to come up for a House floor vote on Wednesday, the House bill and a similar measure in the Senate have been attacked by the $85 billion student-loan industry, but championed by industry critics, including some student groups.
If adopted into law, the bill would likely squeeze large lenders' profits and chase smaller ones from the sector, industry analysts have predicted.
The White House said late on Tuesday that if the House bill went to President George W. Bush "in its current form, his senior advisors would recommend that he veto the bill."[..]
Rep. George Miller, chief sponsor of the measure, said in response: "It's unfortunate that the president would let a veto stand between millions of students and the college financial aid they so urgently need."
It's not so surprising that Bush would choose corporate interests over individual, financially-challenged citizens, especially over something like education, since a dumbed-down populace is a compliant one. But it always strikes me funny at what Bush chooses to employ his rarely-used veto power. In fact, The Gavel has been keeping a list that you might find illuminatingl
