Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed John D. O’Connor.
In an effort to pander to some voters, President Biden claimed to cancel student debt for any borrower making less than $125,000 annually. But serious questions abound. Is this action constitutional? Will it actually win him Democratic votes in the mid-term elections and increase his poll numbers? Or will it lose him votes among those not among the elite beneficiaries? Moreover, will this action exacerbate inflation, and increase pressure to increase taxes, further sinking the economy with the give-away of 500 billion to one trillion in taxpayer assets? Finally, does this action further weaken the necessary virtues of discipline, hard work and thrift? This action of the President may be all detriment with no benefit but to the elite beneficiaries.
Kevin Price introduces Price of Business show recurring guest, John D. O’Connor. O’Connor was the famed attorney of Watergate’s “Deep Throat.
According to PostGateBook.com “O’Connor served as an Assistant U.S. Attorney in Northern California from 1974-1979, representing the United States in both criminal and civil cases. Among his interesting assignments have been representation of the government during the OPEC oil embargo of the 1970s; writing Fifth Amendment and “state of mind” briefs for the prosecution in United States v. Patricia Hearst; representing the FDIC, FSLC and RTC during the savings and loan crisis of the late 1980s and early 1990s; representing California Attorney General Dan Lungren in campaign-related litigation; defending R.J. Reynolds Tobacco in significant smoking and health litigation; representing Coach Don Nelson in litigation with Dallas Mavericks owner Mark Cuban; and representing W. Mark Felt regarding the revelation of his identity as Deep Throat.”