Dawn being Dawn at ESPYs
- Thread starter hahnenkampf
- Start date
👏👏 This was needed 40 years ago!
This I would absolutely support.
Of course there is the counter-argument that this will severely limit low-income people's access to credit and eliminate rewards for people who use credit cards.
Bottom line is she didn’t win one state with legitimate voting laws. These states should have all electoral votes pulled until the cheating stops. Period
Based on merit and competence alone, she would have a difficult job obtaining a floor manager position at Nordstrom.
Yep, probably. I’m thinking the CC industry might counter by increasing the annual fees for the base level cards. For example, I have the Chase Freedom card that has no annual fee and a lower credit limit. Under the interest cap rule, Chase could be expected to put a $100 annual fee on that card with a somewhat lower credit limit. The premium card issuers would probably just be more selective on issuing their cards. But it’ll be interesting to see how it all works out.
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The annual fee would have to be like $700 to be revenue neutral.
I think this proposal would just completely change of how we think of the credit card system.
You mean the people who never pay the loans back which are then shoved on the responsible who do?
There's no reason for another form of welfare at this point.
I know you can't see it now, but Trump's economic ideas will benefit everyone from top to bottom.
Trump and the SuperParty know exactly what they are doing this term.
We've been being methodically managed into the ground by government corruption over the past two decades or more and that will be exposed for everyone to see.
How are you blaming the government for credit cards?
That's a purely capitalist approach to the market. Even with the defaults, they make profits off the system.
This approach is just going to make it even harder to eat for the people who voted for trump because of high prices.
I'm blaming them for allowing people to be gouged up until this point.
If you are a responsible lower income credit card holder and there are many -- the last thing you want to do is pay for bums on top of your hefty rate.
Comeon Humanities.
The credit card companies are using this loop hole as a business model.
They've been signing up people they know good and well are going to default with the knowledge others will pick up the tab.
It's a scam.
Yes, it's absolutely a fundamental problem with the free market.
But that's a very leftist position you're taking.
It's a conversative position actually. If you show any level of responsibility, you will be rewarded.
No, it's a restraint on the free market.
As for Trump's position, it doesn't really benefit people who who responsibility. It actually allows those with means to be less responsible because they have a lower interest rate. The low income people then miss out on the benefit of credit because they won't ever be approved for the credit card now.
How is it a restraint on the free market, Watson? Please explain and don't just troll.
Plenty of low income people will still qualify.
This is about those deadbeats who never pay and are still allowed to get another card in spite of this.
How is limiting the price someone can charge for a service not a restraint on the free market? This can't be a serious question from someone that allegedly graduated from a business school.
This is where Trump will end up losing support for it because so many people rely on that easy credit just to survive. Maybe there is an argument they'll qualify for one credit card at first, but then once their credit tanks they'll never be approved again.
It's called consumer protection and it's everywhere. You can't create a social welfare system through your business model.
Not to mention, there's plenty of wealthy Americans who exploit the setup as well.
Women with shopping addictions quickly come to mind.
Do you believe responsible lower income folks should be paying for reckless wine mom's next designer purse?
My mind is honestly blown right now. You're literally arguing a core principle from the left.
Your mind has been blown for a long time.
Yet you still can't explain how you've arrived at that assessment.
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I doubt she would qualify to be a mannequin
No, when big government tries to control everything, the money is going to there for influence, whether it's on the books or under the table. The only thing the Supreme Court did was make it so that it's all out in the open.
Your mind has been blown for a long time.
Yet you still can't explain how you've arrived at that assessment.
This exchange just highlights you’re incapable of having an open an honest conversation.
There is zero chance you don’t actually understand how restraining the free market through price controls is a liberal perspective.
Blue Light is not your friend.
WOW!!
US Universities are about to change radically in a very good way.
Includes low cost higher education breaking the grip of University tyranny.
No longer will schools be able to hoard these endowment funds and keep asking for money from the alumni.
Ours at USC is in excess of $1 Billion and I'm personally receiving emails about donations so students can get nutritional food?
No doubt Musk & Co. have had a big hand in this.
Fantastic for America and parents alike.
A New Dawn is on the Horizon....
US Universities are about to change radically in a very good way.
Includes low cost higher education breaking the grip of University tyranny.
No longer will schools be able to hoard these endowment funds and keep asking for money from the alumni.
Ours at USC is in excess of $1 Billion and I'm personally receiving emails about donations so students can get nutritional food?
No doubt Musk & Co. have had a big hand in this.
Fantastic for America and parents alike.
A New Dawn is on the Horizon....
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The credit card legislation has been stuck since 2023 in Congress. Too much opposition in Congress on both sides of the aisle from those in the tank for the banking industry.
There were tons and tons and tons of radio ads about the actual bill that were run last spring and summer ("call your legislator and tell them to leave your credit card rewards alone). I heard them all the time.
There are legitimate concerns on both sides and that credit card companies and banks handing out debit cards would simply start tacking on other fees to make up for the loss in revenue.
“Our military power now rests on the legacy of the Cold War. It is overstretched, undermanned, badly led, and the wrong fit for the 21st century.”
“If nothing is done to end the conflicts in Ukraine and the Middle East, there is a real potential for the destruction Americans see only on television to reach our shores.”
“Americans, we must make sure our fighting forces are not compelled to fight far from our shores when there may be no need to fight at all.”
“As we pause on Veterans Day to glance back over the long, destructive trail from World War I to today, Americans should remember the veterans of previous wars who believed they must conquer or die to protect American freedom and prosperity.”
- Colonel Douglas McGregor
“If nothing is done to end the conflicts in Ukraine and the Middle East, there is a real potential for the destruction Americans see only on television to reach our shores.”
“Americans, we must make sure our fighting forces are not compelled to fight far from our shores when there may be no need to fight at all.”
“As we pause on Veterans Day to glance back over the long, destructive trail from World War I to today, Americans should remember the veterans of previous wars who believed they must conquer or die to protect American freedom and prosperity.”
- Colonel Douglas McGregor
Checkmate. This is how it all gets done.
Any Establishment Republicans still standing who want to lining their pockets are going to get every hot under the collar, very quickly with this sudden mood change.
Any Establishment Republicans still standing who want to lining their pockets are going to get every hot under the collar, very quickly with this sudden mood change.
That's because they wired you for gloom and doom.
The Democrats really delivered the goods.
What's the current motif in your Foxhole? Shabby Chic? West LA?
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I say Peter Doocy for press secretary. That would be awesome.
Nikki Haley really screwed the pooch. She could have been VP or next up in 2028, but now she is done. Got greedy and stabbed Trump in the back. ZERO future for her now in the GOP. Might as well switch parties.
Nikki Haley really screwed the pooch. She could have been VP or next up in 2028, but now she is done. Got greedy and stabbed Trump in the back. ZERO future for her now in the GOP. Might as well switch parties.
That would be funny.
Agree on Haley. Vivek really exposed her.
We'll gladly hand her over for Gabbard.
No contest.
Looks like Kamala needed more than 153 first-name only actors/liars to push her over the top.
Absolutely. Really like Gabbard. Hope she is in the cabinet somewhere.
What Trump didn't say today but is very aware of -- The credit card companies are colluding to raise rates and kill competition.
They've created an entirely new market via a social welfare system where good people who pay their debt get screwed.
Once the new administration is in office, I would expect somewhat of an industry overhaul as they are busted.
https://www.consumerfinance.gov/abo...ng-actual-payment-data-on-your-credit-report/
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