UTMC

I recently discovered that my [fucking awesome, thanks again] new bicycle doesn't like to have brakes when it rains.
Seriously, none whatsoever. As in, "yell at pedestrians to get the fuck out of the way because I have no brakes and this time I'm actually not kidding and I'm about to run over your dog so get off the fucking cell phone and grab him" no brakes.

Tomorrow it is supposed to rain all freaking day.
It will be the first time in five or six weeks that I will actually DRIVE to school.
It takes me longer to drive, find parking, then walk to my classes than it does to ride the 3.5 miles to campus. (Thanks google maps, for finally telling me how long the bike path is.)
I've gotten that ride down to 11 minutes.
I also just did the math and figured out that I've already put over 200 miles on my bike since I got it. That's pretty good, since I lack the time for long rides.

I fucking love my bike, and I don't want to drive my truck. I need new brakes (and rain pants).

Fixed gear would fix that problem...

If memory serves you are spinning wheels of steel, and steel rims are legendary for their poor poor weather braking. As a paperboy I sometimes found myself with both sneakers on the ground on rainy days.

You now need to begin haunting your local bike-co-op for some alloys in your bike's now-dated 27" wheel size, or pop to have a pair laced up. It's a very worthwhile upgrade going to rims of aluminium, in weight and in wet braking performance.

And BSH is right, but don't do anything hasty.

Pattio is definitely right about the steel rim thing. Although if you don't feel like shelling out for new rims they do make brake pads for steel. It makes a real difference wet or dry. Not to mention that the pads on your bike are most likely very old already. The pads I've seen were Tektro I believe, and clearly marked "for steel rims".