Biden's attempt to buy youth support with student loan cancellations isn't working

President Joe Biden has sought to curry favor with young voters ahead of the 2024 election by having others shoulder the burden of the debt they willingly incurred chasing after college degrees. Recent polling suggests these costly and contentious efforts have largely been in vain, a least with regard to Generation Z voters in critical swing states where Biden trails former President Donald Trump by several points.

A recent Morning Consult/Bloomberg News poll revealed that when asked, "Is President Joe Biden doing too much, too little, or is he doing the right amount for addressing student loans?," 43% respondents ages 18 to 26 answered "too little."

When the question was put to all age groups, 35% said Biden was doing too much; 24% said he was doing too little; 28% said he was doing the right amount; and 13% said they didn't know or were indifferent.

While 59% of Gen Z respondents in swing states indicated they supported the debt cancellation initiative, only 42% said they had heard about the efforts underway, reported Bloomberg.

So far in his presidency, Biden has cancelled $132 billion in student debt for over 3.6 million debtors. His administration originally had a costlier aim of canceling nearly half a trillion dollars in student debt, but the Supreme Court dashed those dreams in June with a 6-3 decision.

Biden made clear he wouldn't let a close reading of the law get in the way of the initiative, vowing on June 30, "This fight is not over."

"I believe that the Court's decision to strike down our student debt relief plan is wrong," he is credited as writing. "My Administration will continue to work to bring the promise of higher education to every American."

In addition to the high court recognizing the administration was out of its depth, the Government Accountability Office indicated the administration's planned $430 billion federal student loan debt cancellation plan lacked safeguards to protect against fraud.

Undeterred, Biden announced last week that his administration was approving $4.8 billion in student debt cancellation for 80,300 people.

The same poll indicated that hundreds of billions of dollars later, Biden's support amongst prospective Gen Z voters is nowhere near where it needs to be to overtake Trump in Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin.

The Bloomberg poll indicated that Biden has the support of 44% of Gen Z voters versus Trump's 38%.

Bloomberg suggested, "The disconnect illustrates one of the core challenges of Biden's campaign for a second term: He struggles to get credit from voters for policies intended to motivate them."

In a head-to-head match up across seven swing states, Trump leads the 81-year-old president by five points. In Arizona, Trump leads by four points; in Georgia, six points; Michigan, four points; Nevada, three points; North Carolina, nine points; Pennsylvania, two points; and he leads Biden by four points in Wisconsin.

The economy, not student debt, appears to be the most important issue, according to a plurality of voters. 42% of respondents ranked it as their single most important issue going into the 2024 election. 85% said it was a very important issue, and 12% suggested it was somewhat important.

51% of respondents said they trusted Trump more than Biden to handle the economy. Only 35% said they trusted Biden to get around to tackling the problem.

Beside facing a deficit of faith amongst the majority, Biden also suffers their disapproval. 58% of respondents claimed to view the 81-year-old unfavorably. This is in keeping with the latest Rasmussen Reports survey, which indicated Biden found disapproval with 57% of respondents.

Another troubling indication for the deeply unpopular president is that one in five Democrats in these swing states supports House Republicans' quest to launch an impeachment inquiry into him.

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