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Trump announces a temporary 10% cap on credit card interest rates

Posted on 9/19/24 at 8:25 am
Posted by Major Dutch Schaefer
Location: Classified
Member since Nov 2011
39042 posts
Posted on 9/19/24 at 8:25 am
Posted by Teddy Ruxpin
Member since Oct 2006
40857 posts
Posted on 9/19/24 at 8:26 am to
Yikes
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
98042 posts
Posted on 9/19/24 at 8:26 am to
Breaking- "Harris Walz announce they will put a 9% cap on credit card rates!"
Posted by Azkiger
Member since Nov 2016
28137 posts
Posted on 9/19/24 at 8:26 am to
High risk clients gonna get dropped.
Posted by Gifman
Clearwater Beach, FL
Member since Jan 2021
18886 posts
Posted on 9/19/24 at 8:27 am to
Don't support this at all. By the way, this is why I laugh when leftists call Trump "far right wing."
Posted by Lsut81
Member since Jun 2005
85087 posts
Posted on 9/19/24 at 8:27 am to
So much for free market... He's just throwing shite at the wall at this point.

Posted by BigPerm30
Member since Aug 2011
32055 posts
Posted on 9/19/24 at 8:28 am to
Needs to crack down on processing fees. These credit cards are out of control. That would help with inflation
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
98042 posts
Posted on 9/19/24 at 8:28 am to
quote:

He's just throwing shite at the wall at this point.


Or hes trying to win an election by any means necessary
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476659 posts
Posted on 9/19/24 at 8:29 am to
What in the frick?
Posted by Azkiger
Member since Nov 2016
28137 posts
Posted on 9/19/24 at 8:30 am to
quote:

He's just throwing shite at the wall at this point.



It's a smart ploy if your main goal is to get votes.

Kinda funny though that the people he'd get votes from with respect to this would have their cards frozen because they're too high risk to have a rate below 10%.
Posted by Revelator
Member since Nov 2008
62079 posts
Posted on 9/19/24 at 8:30 am to
It seems that Trump had gotten into a giveaway battle with Kamala. It’s not a good plan or look.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476659 posts
Posted on 9/19/24 at 8:30 am to
quote:

Needs to crack down on processing fees.


Sounds very Obama-ish.

Obama's baby, the CFPB already took this on, IIRC.

They also want to.....lower interest rates
Posted by JiminyCricket
Member since Jun 2017
6582 posts
Posted on 9/19/24 at 8:30 am to
Trump has never been the perfect candidate and i've never aligned with 100% of his views. Doesn't change the fact he's still a faaaaaaarrrrrr superior option to anything the left rolls out.
Posted by Purple Spoon
Hoth
Member since Feb 2005
20880 posts
Posted on 9/19/24 at 8:31 am to
I don't like it. Its just government trying to solve problems that government created.

The no income tax on overtime is a good idea. This not so much.
Posted by Who_Dat_Tiger
Member since Nov 2015
25549 posts
Posted on 9/19/24 at 8:31 am to
quote:

Don't support this at all. By the way, this is why I laugh when leftists call Trump "far right wing."
and he never was. He used to be a democrat back in his NY days.

The media is the enemy of the people that have convinced the brainwashed he’s literally hitler

ETA watched a clip of Clinton in 96 yesterday talking about taking a hard stance on illegal immigration, building a wall and deporting illegal aliens. That needs to be played to every Dim in hopes of breaking their programming. Maybe they’ll realize how far left their regime they support has gone
This post was edited on 9/19/24 at 8:34 am
Posted by StansberryRules
Member since Aug 2024
5196 posts
Posted on 9/19/24 at 8:33 am to
I guess high credit card debt holders are dumb enough to believe this can actually happen.

Democracies don't work when the majority of the voters are morons who want to just be promised goodies.
Posted by White Bear
probably
Member since Jul 2014
17628 posts
Posted on 9/19/24 at 8:34 am to
There are no conservative politicians or gov employees.



Posted by AUauditor
Georgia
Member since Sep 2004
1703 posts
Posted on 9/19/24 at 8:41 am to
quote:

The no income tax on overtime is a good idea.


No, it's not...

As long as we are taxed on income as a practice, then ALL income should be taxed - tips and overtime.

The only one of these tax policies he came up with recently that makes sense is not taxing Social Security. The Social Security benefits that were paid by the employee were already taxed. If anything, then they should tax only 50% of the benefits for everyone.
Posted by SelaTiger
Member since Aug 2016
21833 posts
Posted on 9/19/24 at 8:42 am to
They are both saying some wild shite, that’s politics.
Posted by TigerCoon
Member since Nov 2005
22475 posts
Posted on 9/19/24 at 8:44 am to
quote:

They are both saying some wild shite, that’s politics.


It's getting silly at this point.
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