Let's talk about Bernie backing Trump, kind of....
Belle of the Ranch
Belle of the Ranch
4.9 • 1K Ratings
🗓️ 4 January 2025
⏱️ 5 minutes
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Let's talk about Bernie backing Trump, kind of....
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| 0:00.0 | Well, howdy there, internet people, it's Bell again. So today, we're going to talk about Bernie |
| 0:07.4 | backing Trump, kind of. Bernie Sanders is ready to back Trump up. During the 2024 campaign, |
| 0:16.0 | Trump made a number of promises that were not traditional conservative positions. Some were straight up |
| 0:23.0 | progressive. At a rally in Savannah, Georgia, Trump said, quote, while working Americans catch up, |
| 0:30.8 | we're going to put a temporary cap on credit card interest rates at 10%. We have no choice. They're getting 22%, 25%. We can't let people |
| 0:43.7 | have to pay 25% and 22% interest because they can't afford to pay off their credit card. |
| 0:51.9 | A cap on credit card rates of 10%. Most people familiar with economics rolled their |
| 0:57.9 | eyes and assumed nobody would believe Trump. And we were wrong. A lot of people did believe him. |
| 1:05.9 | Now, Senator Sanders wants to hold Trump to his promise. Shortly after Trump made his promise, |
| 1:13.4 | Sanders put out a statement saying, quote, I look forward to working with the Trump administration |
| 1:19.4 | on fulfilling his promise to cap credit card interest rates at 10%. We cannot continue to allow big banks to make record profits by ripping off |
| 1:31.0 | Americans by charging them 25 to 30 percent interest rates. That is usury. But in the last few |
| 1:39.7 | days, Sanders brought it up again, saying, quote, |
| 1:50.8 | During the recent campaign, Donald Trump proposed a 10% cap on credit card interest rates. |
| 1:52.0 | Great idea. |
| 1:57.8 | Let's see if he supports the legislation that I will introduce to do just that. |
| 2:02.7 | Obviously, that last line indicates that Sanders isn't totally sold on the idea |
| 2:05.0 | that Trump wants to actually help those in debt. |
| 2:08.4 | There's no clear public positioning from Congress on the issue. |
| 2:12.9 | Most experts will tell you it's a horrible idea |
| 2:16.7 | because credit will dry up for those with lower credit |
| 2:20.1 | scores. Basically, credit card companies will say they're too much of a risk and deny them |
... |
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