Trump proposes PRICE CONTROLS now w/cap for credit cards

[80zephyr]

Trump sees that Harris is trying to buy votes, why shouldn't he?

 

[Billiejeens]

Cutting credit card interest rates from 90% to 45%

Socialism?

No

 

[progressive hunter]

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.

I dont know of any of them being against all regulations,,

please advise??

 

[Orangecat]

What wont they do for him?

 

[struth]

Why not just cap gas at $2?

because that would be a price control, not a usury law.

weird post, weird you are so clueless

 

[citygator]

why should he??

Gas everyone needs. Low interest credit cards isn’t a need. It’s a want. Why not cap gas at $2?

Sneak peak answer: Cuz it would cause gas shortages. Guess what capping interest will do? Credit shortage. Guess what happens in credit shortages? Recession. Massive recession.

Still like his proposal?

 

[evenflow1969]

Oh goody, what Trump wants to do is socialism, but what Harris wants is not...how fricken brilliant of you, moron.

Both proposals are socialism. In the past Dems have proposed similar legislation and repubs were against. Dems seriously opposed citizens united. Now Trump is proposing caps on credit rates as is Hawley. Hawley is proposing walking back citizens united. I support both proposals. With Trump and Hawley on these two issues. Don't care which side of the isle proposals good legislation. Trump and Hawley would get support on the other side of the isle on those two issues. I hope their own side of the isle would help but not sure. Imagine that. Bipartisan legislation. That would be a blast from the past.

 

[Billiejeens]

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....

They need to be used as
Charge cards, not credit cards.

 

[progressive hunter]

Gas everyone needs. Low interest credit cards isn’t a need. It’s a want. Why not cap gas at $2?

Sneak peak answer: Cuz it would cause gas shortages. Guess what capping interest will do? Credit shortage. Guess what happens in credit shortages? Recession. Massive recession.

Still like his proposal?

exactly,, CCs only result in the rich getting richer,,

price controls result in cross market destruction that hurts everyone in the end,,

 

[john doe 101]

I dont know of any of them being against all regulations,,

please advise??

Well you had the opportunity to explain how you are for regulating businesses but I guess you dont have the guts to do it on here in front of your fellow right wing wack jobs.

 

[john doe 101]

exactly,, CCs only result in the rich getting richer,,

price controls result in cross market destruction that hurts everyone in the end,,

Credit cards serve a purpose(s).

 

[struth]

Credit cards serve a purpose(s).

They certainly do, there is nothing wrong with borrowing money, so long as you pay it back. For example, we have record high credit card debt in this country today, people were forced to borrow money to survive though Harris and Xiden's inflationary policies.

 

[Jarlaxle]

WTF are you going on about?

Think hard. I promise it will not hurt.

 

[progressive hunter]

Well you had the opportunity to explain how you are for regulating businesses but I guess you dont have the guts to do it on here in front of your fellow right wing wack jobs.

the only hypocrisy I see right now is yours protecting and defending large corporations,,

 

[progressive hunter]

Credit cards serve a purpose(s).

yeah to make the bankers rich and poor people poorer,,

its science so you may not understand it,,

 

[progressive hunter]

 

[Billiejeens]

Both proposals are socialism. In the past Dems have proposed similar legislation and repubs were against. Dems seriously opposed citizens united. Now Trump is proposing caps on credit rates as is Hawley. Hawley is proposing walking back citizens united. I support both proposals. With Trump and Hawley on these two issues. Don't care which side of the isle proposals good legislation. Trump and Hawley would get support on the other side of the isle on those two issues. I hope their own side of the isle would help but not sure. Imagine that. Bipartisan legislation. That would be a blast from the past.

It not Socialism.
Not close
Not even a little bit.

 

[john doe 101]

yeah to make the bankers rich and poor people poorer,,

its science so you may not understand it,,

No that isnt correct. Credit cards do serve a purpose. Then again, people like you have often created the need for credit cards, such as to cover emergency medical costs that private insurance won't cover.

 

[progressive hunter]

No that isnt correct. Credit cards do serve a purpose. Then again, people like you have often created the need for credit cards, such as to cover emergency medical costs that private insurance won't cover.

yes it is correct,,

think about it,,
if interest rates are lower banks are forced to loan out more money to maintain their profits,,

that even solves your false narrative of emergency medical costs,,

to bad after that the people are slaves to the creditor and can never really live heir own life and would be forced to work past retirement age to pay off the debt,,

 

[john doe 101]

the only hypocrisy I see right now is yours protecting and defending large corporations,,

Credit cards serve a purpose. And yes, they should be regulated. And so should many other businesses. It's just that credit cards directly effect you that you agree there should be regulations. Other regulations that you can't see any direct consequence, eh not so much. Even though they do affect your life. Now please continue with your speech about how you believe in regulating businesses.