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Message
re: Trump caps credit card interest at 10%
Posted on 1/10/26 at 3:24 am to SpecialK_88
Posted on 1/10/26 at 3:24 am to SpecialK_88
quote:
Funny how you guys don't get that it isn't the down voting of lower credit card rates, it's that your dear leader is more of a socialist than Biden.
quote:
On "The Daily Show" Monday night, the liberal comic told self-described democratic socialist Bernie Sanders that Trump is carrying out the Vermont senator's "revolution."
"You could almost make a case that the true inheritor of the Sanders revolution is Trump," Stewart said.
"He is the most socialist president of my lifetime."
"Taking a percentage of companies to do business? That's a Bernie Sanders idea. Doing TrumpRx where the government is involved in selling pharmaceuticals? That's a Bernie Sanders idea."
Then Stewart doubled down.
"Is it frustrating that the thing that you fought for your whole career, Democrats are the ones who run away from scared and Trump has embraced some of it?" he asked.
0
Posted on 1/10/26 at 3:49 am to Lsut81
quote:
now the credit card companies are just going to find somewhere else to make that money and it will likely impact those that don’t carry a balance.
How so?
Posted on 1/10/26 at 5:11 am to Kjnstkmn
that's doing work and thank you
Posted on 1/10/26 at 6:42 am to TenWheelsForJesus
quote:
The same people who complain about Trump not tackling affordability are also now complaining that Trump is tackling affordability. You want Trump to deliver, supposedly, but then you want to handcuff him. You want him to only follow your approved methods.
Once again, the procedure is more important than the results.
There's also no need to be upset before anything becomes a reality. There's a good chance this is Trump making the first move in a negotiation with the credit card companies. I know the president negotiating with companies is still wrong to the "true conservatives," but we have to be honest. Your methods haven't delivered.
Corporations have taken advantage of the American people. The wealth gap they created is not sustainable. When it reaches a point, there is violence. I'd prefer not to reach that point just because our principles tell us we're virtuous for putting the almighty dollar above everything else.
This is also for one year. Crying because bankers won't make even more profit for a few months is ridiculous. Do people not remember the bailouts? Conservatives were against that, but now they're against the people getting some of that money back. It's insane how conservatives shoot themselves in the foot and tell you how they're better for doing so.
Dude absolutely amen to all of this. Crony capitalism has almost all of the money at the top and indoctrinates the people on all the good reasons it should stay there while they continue to pile on even more money in their accounts from the same people they indoctrinated. Now our "principled conservatives" are amazed why the middle and lower income conservatives are applauding these changes. Greed has caused the conservative doctrine to adjust. Don't like it? Should have done more to curb the corporations from adding too many bricks on the backbones of the working class. I know what this sounds like to traditional fiscal conservatives, but it has to happen if the powerful don't know how to give a little grace and mercy.
This post was edited on 1/10/26 at 6:46 am
Posted on 1/10/26 at 6:49 am to Root_User
quote:
Liberals are about to love high interest rates!
For my next trick ...
Posted on 1/10/26 at 6:55 am to Kjnstkmn
quote:
Lmao at the TDS idiots down voting lower credit card interest
If we’re honest, the bulk of people with high interest are people not working (ie lefties), people with poor credit (ie lefties) and people living off credit cards (ie lefties).
Who works? Conservatives.
Who doesn’t work? The blue haired freaks that are out protesting during work hours.
Posted on 1/10/26 at 7:01 am to djsdawg
A lowering of rates may create another issue. Before banks moved their operations to Delaware, the rates were much lower (there’s no official data available but I believe it was 10% or lower) in a high interest environment. Credit cards were also much more difficult for people to get. The higher rates allowed banks to make them more accessible to people with poor credit because the sheer volume of cardholders allowed them to make up for any losses from non payment and fraud. I can’t recall, but they may have also reduced minimum payments by extending the payment term. If the banks tighten up approvals, you can guarantee the “affordability” argument will pop up again.
Posted on 1/10/26 at 7:26 am to Kjnstkmn
The Congressional battle to try and pass this is going to be hilarious.
Posted on 1/10/26 at 7:27 am to Kjnstkmn
Not sure if I have much an opinion either way. Credit card companies are pretty horrible. However, one MINOR nitpick:
Your title reads “Trump caps credit card interest at 10%”, yet his tweet reads that he is calling for a cap on interest. His simply calling on it doesn’t mean that it is suddenly capped.
Your title reads “Trump caps credit card interest at 10%”, yet his tweet reads that he is calling for a cap on interest. His simply calling on it doesn’t mean that it is suddenly capped.
Posted on 1/10/26 at 7:33 am to Kjnstkmn
This is a big FU to Joe Biden who was put in office 50 years ago by Delaware-based credit card companies.
Posted on 1/10/26 at 7:34 am to TigerAllNightLong
Let's see.......
Government buying equity stakes in Intel , US Steel and others.
Government get a juicy cut of Nvidia profits
Government to limit how many properties you can buy
Government now capping interest rates for credit cards
Sonunds pretty socialist. The Peoples Republic of the United States of America
Government buying equity stakes in Intel , US Steel and others.
Government get a juicy cut of Nvidia profits
Government to limit how many properties you can buy
Government now capping interest rates for credit cards
Sonunds pretty socialist. The Peoples Republic of the United States of America
Posted on 1/10/26 at 7:34 am to TenWheelsForJesus
quote:
The same people who complain about Trump not tackling affordability are also now complaining that Trump is tackling affordability.
Yup they are all miserable ppl who just want to complain
Posted on 1/10/26 at 9:10 am to SDVTiger
quote:
Yup they are all miserable ppl who just want to complain
Most of these people simply have more money which makes this a non-issue for them. Why tinker with the support beams when it woked out for them? It's exactly why politicians aren't as motivated to change much of anything substantial. They've gotten ahead by rigging the system to their advantage.
I have a credit score over 800 on a lower income than most on here i bet, and I think the lower the taxation/apr/fees etc. there are in life, the better. By the way, I have had a card for 20+ years and never paid late but they always jack up the APR because, why not. Dumb on them because I pay it off every month
Posted on 1/10/26 at 9:17 am to thunderbird1100
quote:
And annual fees if you thought were getting bad, just wait
Then reward the ones that don’t - shop around
Posted on 1/10/26 at 9:24 am to Green Chili Tiger
quote:
1, as President of the United States, am calling for a one year cap on Credit Card Interest Rates of 10%.
Credit card companies: "New phone who dis?"
Posted on 1/10/26 at 9:27 am to Mikes My Tiger
10% seems low as I would think there are other investments that would potentially yield greater than 10%.
The only other logic point is that many people with credit cards are guaranteed to not pay it off each month. So the liability is guaranteed to grow. The banks also know that the government will bail people out so they will eventually be made whole.
I feel my credit card rate is ridiculously high also, but it is paid off every month anyways.
The only other logic point is that many people with credit cards are guaranteed to not pay it off each month. So the liability is guaranteed to grow. The banks also know that the government will bail people out so they will eventually be made whole.
I feel my credit card rate is ridiculously high also, but it is paid off every month anyways.
Posted on 1/10/26 at 9:38 am to SDVTiger
So you admit that at the end of the day, you are veritable child who needs Daddy, to come in and handle things? Pathetic little man, you are.
Posted on 1/11/26 at 8:59 pm to Kjnstkmn
Posted on 1/11/26 at 9:02 pm to Kjnstkmn
Posted on 1/11/26 at 9:13 pm to TenWheelsForJesus
quote:
The same people who complain about Trump not tackling affordability are also now complaining that Trump is tackling affordability.
Affordability?
Sounds like rather than tackling affordability, he's simply enabling people who buy stuff they can't afford. Don't like high CC interest rates? DON'T CARRY A BALANCE.
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