Trump proposes PRICE CONTROLS now w/cap for credit cards

[Fort Fun Indiana]

Which he will do as he has done in the past. This isn't a huge deal for the banks for just a short time but they would dearly love to have back the former Trump era regulations for the next four years. Good for the banks and a blessing for those who depend on the banks to fund new homes, cars, business ventures etc.

On the contrary, a 10% rate cap would not just be a huge deal. It would crash the economy and the banks' revenue.

Guess where they would make it up? Higher rates on those cars and houses you are talking about.

 

[whitehall]

Hypocrite lefties used to tell us that banks were the enemy, now they worry that a cap on credit cared interest rates might hurt them. WTF?

 

[Papageorgio]

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.

Trumps idea is as damaging to America as Harris’ idea, this happens a lot when the two sides want to buy votes.

 

[Foxfyre]

On the contrary, a 10% rate cap would not just be a huge deal. It would crash the economy and the banks' revenue.

Guess where they would make it up? Higher rates on those cars and houses you are talking about.

For a temporary time they wouldn't need to make it up and, most especially if the more onerous regulations were relaxed again for them they wouldn't need to. That's why you don't see the banks complaining about the idea.

 

[Fort Fun Indiana]

For a temporary time they wouldn't need to make it up

Years and years.

Meanwhile, the investors pull their money. The credit markets dry up and the economy goes into depression.

 

[Fort Fun Indiana]

That's why you don't see the banks complaining about the idea.

Uh... it was the banks that negotiated UP the 36 percent usury rate.

So you are foolish to think they are not totally against this idea.

 

[Foxfyre]

Years and years.

Meanwhile, the investors pull their money. The credit markets dry up and the economy goes into depression.

Oh yeah. That's why the market was up 522+ today. But where are your posts complaining about Kamala's proposed price controls that very well could have some of th effect you are describing?

 

[Foxfyre]

Uh... it was the banks that negotiated UP the 36 percent usury rate.

So you are foolish to think they are not totally against this idea.

When you complete that remedial reading comprehension course I recommended get back to me. Otherwise have a pleasant afternoon and evening.

 

[Fort Fun Indiana]

Oh yeah. That's why the market was up 522+ today.

Irrelevant. Trump's ignorant and wild speculation on something he can't do anyway isn't affecting the market.

That doesn't mean we shouldn't still mock the idea and describe why it is bad.

 

[Fort Fun Indiana]

When you complete that remedial reading comprehension course I recommended get back to me. Otherwise have a pleasant afternoon and evening.

Haha, your standard hotkey tap out, after getting debated into the dirt. Tapout accepted.

 

[citygator]

Let's take a look at all the posters without any core beliefs in this thread who were piling on the fake news that Harris was suggesting price controls.

You guys are simply pathetic. Trump flip flops daily and you flip with him. It's unexplainable.

Harris Gets Destroyed Over Price Controls BY.......

The Washington Post. Yes, you read that right: the WaPo. The title of the column titled "When your opponent calls you a 'communist' maybe don't propose price controls?" by Catherine Rampell. And she doesn't mince words: It’s hard to exaggerate how bad this policy is. It is, in all but name, a...

www.usmessageboard.com

A simple clear explanation of why Kamala's "price controls" plan is so destructive.

The government imposing price controls and PENALTIES on businesses is what Harris is proposing. That is akin to a doctor using a chain saw to perform open heart surgery,

www.usmessageboard.com

Kamala Wants Price Controls on Groceries, Venezuelan-Style

Kamala Harris Endorses Nixonomics https://www.wsj.com/opinion/kamala-harris-economic-plan-price-controls-housing-child-tax-credit-richard-nixon-a37e08b4?st=7e4vc7sjsa801gh We wrote Friday that Kamala Harris was likely to continue President Biden’s unfinished Build Back Better agenda, but it...

www.usmessageboard.com

Who advised Kamala to push Federal price controls? Even the DEMS are against it!

Is this incredibly stupid idea and indication that Kamala is even Left of her Left wing party? Is she a Socialist-Marxist loose cannon? The Federal Price Controls proposal or "Price Gauging" as she puts it is economic insanity...

www.usmessageboard.com

Lets discuss price controls

Kamala wants price controls. That means the government will tell bakeries how much they can sell a loaf of bread for. So, lets say the govt says a loaf of bread cannot be sold for more than $2. But the bakery can't produce a loaf of bread and sell it for $2 without incurring a financial...

www.usmessageboard.com

 

[struth]

Let's take a look at all the posters without any core beliefs in this thread who were piling on the fake news that Harris was suggesting price controls.

You guys are simply pathetic. Trump flip flops daily and you flip with him. It's unexplainable.

Harris Gets Destroyed Over Price Controls BY.......

The Washington Post. Yes, you read that right: the WaPo. The title of the column titled "When your opponent calls you a 'communist' maybe don't propose price controls?" by Catherine Rampell. And she doesn't mince words: It’s hard to exaggerate how bad this policy is. It is, in all but name, a...

www.usmessageboard.com

A simple clear explanation of why Kamala's "price controls" plan is so destructive.

The government imposing price controls and PENALTIES on businesses is what Harris is proposing. That is akin to a doctor using a chain saw to perform open heart surgery,

www.usmessageboard.com

Kamala Wants Price Controls on Groceries, Venezuelan-Style

Kamala Harris Endorses Nixonomics https://www.wsj.com/opinion/kamala-harris-economic-plan-price-controls-housing-child-tax-credit-richard-nixon-a37e08b4?st=7e4vc7sjsa801gh We wrote Friday that Kamala Harris was likely to continue President Biden’s unfinished Build Back Better agenda, but it...

www.usmessageboard.com

Who advised Kamala to push Federal price controls? Even the DEMS are against it!

Is this incredibly stupid idea and indication that Kamala is even Left of her Left wing party? Is she a Socialist-Marxist loose cannon? The Federal Price Controls proposal or "Price Gauging" as she puts it is economic insanity...

www.usmessageboard.com

Lets discuss price controls

Kamala wants price controls. That means the government will tell bakeries how much they can sell a loaf of bread for. So, lets say the govt says a loaf of bread cannot be sold for more than $2. But the bakery can't produce a loaf of bread and sell it for $2 without incurring a financial...

www.usmessageboard.com

It's weird you so openly displace your ignorance...and repeat it.

Usury laws are not price controls. That's been explained to you repeatedly on this thread, yet you oddly continue to displace your child like ignorance.

So weird

 

[Independent thinker]

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.

Trump appreciates your vote. It's about time you realized that Kamala Harris has got nuttin.

 

[citygator]

Trump appreciates your vote. It's about time you realized that Kamala Harris has got nuttin.

Trump recently:

• I will control the price of credit through the state
• I will use tariffs to pay for child care by the state
• I will socialize saving through a Soverign Wealth Fund managed by the state

You are supporting a socialist. Nice work there.

 

[struth]

Trump recently:

• I will control the price of credit through the state
• I will use tariffs to pay for child care by the state
• I will socialize saving through a Soverign Wealth Fund managed by the state

You are supporting a socialist. Nice work there.

usuay laws aren't socialist
letting people keep more of the money they make, to spend on child care, isn't socialist
a Soveign Weath Fund is literally invested in the private sector.

it's weird how dumb you are

 

[Independent thinker]

Trump recently:

• I will control the price of credit through the state
• I will use tariffs to pay for child care by the state
• I will socialize saving through a Soverign Wealth Fund managed by the state

You are supporting a socialist. Nice work there.

I don't see how that is any different than Kamala saying similar crap.

 

[C_Clayton_Jones]

Hypocrite lefties used to tell us that banks were the enemy, now they worry that a cap on credit cared interest rates might hurt them. WTF?

And Trump Cult members rush blindly to defend Trump no matter how wrong and reprehensible Trump is.

Price controls are wrong-headed idiocy.

 

[jotathought]

Of course I did. I actually consume information. You should try it. Did you read my summary?

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

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

That fact you chumps like Trump's real price controls but spaz our on Harris enforcing the law is joke.

Harris to propose ban on grocery price gouging. Would it cool inflation?​

A highly-anticipated economic agenda to be unveiled by Vice President Kamala Harris on Friday will include a federal ban on price gouging for food and groceries, the Harris campaign announced.

The proposal will be presented to voters alongside other plans to address elevated inflation, such as bolstered antitrust enforcement in the grocery sector and greater latitude to investigate corporate practices, the campaign said in a press release.

A ban on price gouging would in theory disallow food and grocery companies from hiking prices an excessive amount over a set period of time, economists told ABC News. They disagreed, however, on whether the measure could control the rise of food prices or if such an outcome is desirable.

Drink some more of that Kamala-aid while you burn your gas light.

 

[Synthaholic]

 

[Rogue AI]

Limitations and regulations on usury predate socialism by thousands of years. What a silly premise.