Trump proposes PRICE CONTROLS now w/cap for credit cards

[Rambunctious]

I remember back in the early 80s when I could not even qualify for a CC....And that was with me earning a decent wage and being a homeowner with little debt.

I made it through just fine then and if only "rich people" got them now, it would be fine by me.

I learned my lessen... I never use cards outside of my Amer Ex card which I pay off every month... I listened to some lady on TV say going into credit card debt. for your business is an investment in yourself... which is stupid but that's what I did and it almost bankrupted me...

 

[marvin martian]

Clear as day. The dude is just rambling but in his ramble Trump basically proposes what Harris was accused of proposing. She didn’t.

She opposes price gouging in emergencies and illegal collusion on pricing.

Capping credit card interest @ 10% is straight up price control. Would bankrupt companies too.

Sure, Donald, let’s cap interest rates - Kevin Drum

Sigh. It just doesn't matter what he says, does it? Most likely nobody will bother reporting this. Banks won't bother protesting it. Wonky bloggers like me won't bother explaining why Trump can't do it. Conservatives will mostly ignore the fact that this really is socialism, far worse than Kamala Harris's trivial price gouging proposal. In fact, just the opposite: His enablers will suddenly produce a spate of explanations for why it's a brilliant, far-reaching, and conservative proposal.

Stuff like this is a product of intersectionality: Trump is both mentally declining and willing to say any weird thing that pops into his fevered brain. Everyone knows it, so nobody takes anything he says seriously. He's treated like a five-year-old running for president.

The Wall Street prostitutes (aka DemoKKKrats) are definitely not going to like anything that impacts the profits of the billionaire banks.

 

[Rambunctious]

In many ways, it's VERY hard to operate without at least one card now.

You just have to pay it off every month... I use amer ex and I have an amazon prime card for amazon purchases which I also pay off every month....

 

[1srelluc]

In many ways, it's VERY hard to operate without at least one card now.

I "operate" with cash just fine.....I seldom use my card and when I do it's paid off at the end of the month.

Costco Chase card here.

 

[john doe 101]

regulating private bankers that prey on and profit off the people isnt socialism,, its common sense

So now you're for regulation of businesses when trump does it. LOL!

 

[Jarlaxle]

I "operate" with cash just fine.....I seldom use my card and when I do it's paid off at the end of the month.

Costco Chase card here.

So...did you not READ what you replied to?

 

[martybegan]

In many ways, it's VERY hard to operate without at least one card now.

For years I ran a balance, ironically the pandemic made me stay home and do nothing and led me to clearing my debt.

Interest rate caps aren't price controls, they may or may not be government overreach, but they aren't price controls.

 

[struth]

So now you're for regulation of businesses when trump does it. LOL!

I don't know anyone that suggested there should be zero regulations....what a weird post

 

[progressive hunter]

So now you're for regulation of businesses when trump does it. LOL!

nope,,

I am in favor of stopping banks owned by who knows who preying on and destroying to lives of people and families with their games that are designed to make them richer and us poorer,,

why are you defending them??

if he even suggested doing it to a real business I would be against it,,

eliminating credit cards can only help society,,

 

[AzogtheDefiler]

Clear as day. The dude is just rambling but in his ramble Trump basically proposes what Harris was accused of proposing. She didn’t.

She opposes price gouging in emergencies and illegal collusion on pricing.

Capping credit card interest @ 10% is straight up price control. Would bankrupt companies too.

Sure, Donald, let’s cap interest rates - Kevin Drum

Sigh. It just doesn't matter what he says, does it? Most likely nobody will bother reporting this. Banks won't bother protesting it. Wonky bloggers like me won't bother explaining why Trump can't do it. Conservatives will mostly ignore the fact that this really is socialism, far worse than Kamala Harris's trivial price gouging proposal. In fact, just the opposite: His enablers will suddenly produce a spate of explanations for why it's a brilliant, far-reaching, and conservative proposal.

Stuff like this is a product of intersectionality: Trump is both mentally declining and willing to say any weird thing that pops into his fevered brain. Everyone knows it, so nobody takes anything he says seriously. He's treated like a five-year-old running for president.

He is going to shift the usury rules. Most interesting

 

[struth]

Clear as day. The dude is just rambling but in his ramble Trump basically proposes what Harris was accused of proposing. She didn’t.

She opposes price gouging in emergencies and illegal collusion on pricing.

Capping credit card interest @ 10% is straight up price control. Would bankrupt companies too.

Sure, Donald, let’s cap interest rates - Kevin Drum

Sigh. It just doesn't matter what he says, does it? Most likely nobody will bother reporting this. Banks won't bother protesting it. Wonky bloggers like me won't bother explaining why Trump can't do it. Conservatives will mostly ignore the fact that this really is socialism, far worse than Kamala Harris's trivial price gouging proposal. In fact, just the opposite: His enablers will suddenly produce a spate of explanations for why it's a brilliant, far-reaching, and conservative proposal.

Stuff like this is a product of intersectionality: Trump is both mentally declining and willing to say any weird thing that pops into his fevered brain. Everyone knows it, so nobody takes anything he says seriously. He's treated like a five-year-old running for president.

There has been legislation pending in the US Senate for over a year, the Dem Controlled US Senate won't touch it.....because they are owned by Wall Street:

https://www.congress.gov/bill/118th-congress/senate-bill/2760

 

[1srelluc]

So...did you not READ what you replied to?

Yeah. I did. CCs are for convience....That's it.

 

[john doe 101]

nope,,

I am in favor of stopping banks owned by who knows who preying on and destroying to lives of people and families with their games that are designed to make them richer and us poorer,,

why are you defending them??

if he even suggested doing it to a real business I would be against it,,

eliminating credit cards can only help society,,

So you're for regulating businesses. Oh I'm all for regulating banks. I'm just pointing out your hypocrisy.

 

[Jarlaxle]

Yeah. I did. CCs are for convience....That's it.

Thought not. Try again.

 

[citygator]

Yes, she did propose price controls. She did.

Harris: Price gouging in emergencies and illegal collusion in prices (0% price control)

Trump: Price controls on credit (100% price controls)

 

[progressive hunter]

So you're for regulating businesses. Oh I'm all for regulating banks. I'm just pointing out your hypocrisy.

when did I ever say I was against regulations??

 

[citygator]

He is going to shift the usury rules. Most interesting

Why not just cap gas at $2?

 

[1srelluc]

Thought not. Try again.

WTF are you going on about?

 

[progressive hunter]

Why not just cap gas at $2?

why should he??

 

[john doe 101]

when did I ever say I was against regulations??

So now you're going to explain to your fellow right wing wack jobs on here how you are for regulating businesses. You now have the floor to do so.