Boehner and The GOP may have their own disingenuous way of spinning this issue, but as Lee Fang pointed out this morning, it was all about the Chamber of Commerce, the American Banking Association and other corrupt enterprises that exist to "Legally" bribe Congress so that, like in this case, they do the wrong thing, tossing their own constituents under the bus for the sake of the corporations that finance their slimy careers.

Republicans blocked the student loan interest rate bill simply because big businesses and campaign contributors lobbied aggressively against closing the loophole. The National Journal published a letter from a number of Beltway lobbying groups-- among them, the U.S. Chamber of Commerce, which represents many multinational corporations, and the American Banking Association-- protesting the measure. These lobbying groups have wide sway over both parties, but particularly the GOP.

Boner even lied in a tweet:

Republicans DO NOT represent YOU!