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Presidential Election 2024

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Metwannabe said:
How about proof that it is other than a news story. He has a Jerusalem cross tattoo, it's a Christian symbol not a white supremacist symbol. A 2 minute internet search would provide you proof easily
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Not talking about that tattoo. A 2 minute internet search would provide proof easily
 
I’m gonna solve all my problems and move to Iowa
 
SimeonNC said:
Also I don't think us Americans have the right to call out the UK or literally any country with the exception of like Brazil or El Salvador when it comes to violent crime.

We're literally known for being the country of school shooters lol
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Can't compare a country of 300 million with open borders to the UK or any other countries either. I've said it before let's not even discuss gun "control", violent crimes until we close the borders.
 
Shaggy said:
Not talking about that tattoo. A 2 minute internet search would provide proof easily
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Deus Vult

"I've got Deus Vult -- God Wills It -- which was the cry of the Crusaders, on my bicep... My entire pec is a Jerusalem cross. Israel, Christianity, and my faith are things I care deeply about," Pete Hegseth

Dude's not a white supremacist, give it a rest man. Everybody that's conservative isn't racist, this crap gets old
 
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Broken024 said:
Sounds great until people without high credit scores can’t get a credit cards because the risk isn’t worth it to the bank at 10%.
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Tbh I'm not a huge fan of this myself. It's govt getting involved in private business on another level. You make it too easy for individuals to spend outside of their means, we really have serious budget/spending issues in this country as it is
 
NorthDFWwx said:
True, but did thoae poeple need to be getting credit in the first place?
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The left loved it when Kamala was going to cap the evil grocery stores making a whopping 3% profit. But when credit card companies, who routinely prey on lower income individuals, get capped at 10%, woah boy!!!!
 
Rain Cold said:
The left loved it when Kamala was going to cap the evil grocery stores making a whopping 3% profit. But when credit card companies, who routinely prey on lower income individuals, get capped at 10%, woah boy!!!!
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I'm not a fan of either but mostly because I'd prefer Gov't stay out of a free market altogether. Fact is, if Gov't got completely out of the way, a free market would resolve those issues, but Gov't is in too deep at this point.
 
GoDuke said:
that would probably be best for them anyway. If you can’t pay your balance off every month you don’t need a credit card.
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I guess. They can just go get a pay day loan when they don’t have money to pay for an emergency then. Those are better 🙄
 
Broken024 said:
I guess. They can just go get a pay day loan when they don’t have money to pay for an emergency then. Those are better 🙄
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It's much better for them to get hit with 35% rates, thousands in penalties and late fees, and have their credit scored ruined forever. 🙄
 
Rain Cold said:
The left loved it when Kamala was going to cap the evil grocery stores making a whopping 3% profit. But when credit card companies, who routinely prey on lower income individuals, get capped at 10%, woah boy!!!!
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You work in banking right? Asset backed loans are in the 7% or so range right now. You think banks are going to give unsecured credit to people for 10%?

I get that some people use credit cards when they shouldn’t. But capping the interest rate that low will restrict a lot of people from even having access to them.
 
Rain Cold said:
It's much better for them to get hit with 35% rates, thousands in penalties and late fees, and have their credit scored ruined forever. 🙄
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Just change the rate to zero then. That’ll solve the problem.
 
GoDuke said:
Maybe there should be an emergency card with a fair rate. But for low credit score people with bad spending habits, probably better off with a debit card.
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It wouldn’t even be people with “low” credit. You would need to have the best credit for interest rates capped at 10% on credit cards. That risk isn’t worth it to banks. They just will not give credit cards to people unless they have excellent credit.
 
Broken024 said:
You work in banking right? Asset backed loans are in the 7% or so range right now. You think banks are going to give unsecured credit to people for 10%?

I get that some people use credit cards when they shouldn’t. But capping the interest rate that low will restrict a lot of people from even having access to them.
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I don't work in banking. But there is a massive amount of money to be made on credit and loans. Institutions are not just going to walk away from higher risk individuals just because they're capped at 10%. They'll just come up with some other mechanism to provide financing.

My point is, if Biden or Harris would have suggested this and Trump would have opposed it, you guys would have been cheerleading for it the livelong day.
 
Rain Cold said:
I don't work in banking. But there is a massive amount of money to be made on credit and loans. Institutions are not just going to walk away from higher risk individuals just because they're capped at 10%. They'll just come up with some other mechanism to provide financing.

My point is, if Biden or Harris would have suggested this and Trump would have opposed it, you guys would have been cheerleading for it the livelong day.
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Oh I thought you said you worked for CS a while back. Maybe I’m not remembering correctly.

Banks don’t have unlimited capital to use. They will not give 10% high risk credit when they can use it elsewhere. Risk free debt is around 5% right now..

I would say the same if Biden had this plan.
 
NorthDFWwx said:
You are correct.

But it also helps them to improve their credit scores and/or establish credit history.
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I have near perfect credit. I still can’t get a credit card with rates below maybe 18%. I don’t even know what it is.

Banks just will not give credit at rates that low unless the government backs it.
 
Broken024 said:
Oh I thought you said you worked for CS a while back. Maybe I’m not remembering correctly.

Banks don’t have unlimited capital to use. They will not give 10% high risk credit when they can use it elsewhere. Risk free debt is around 5% right now..

I would say the same if Biden had this plan.
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Ok that's fair. I worked for CS on the brokerage side in fintech.
 
Well gas is under 3$ a gallon here for about the first time in 2 years! Long live Trump
 
Rain Cold said:
Ok that's fair. I worked for CS on the brokerage side in fintech.
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In the end it’s not much different than capping prices on goods. Government kills the market and creates shortages. In this case it would be credit.

Maybe I’m wrong. But it wouldn’t work as great as it sounds.
 
Broken024 said:
It wouldn’t even be people with “low” credit. You would need to have the best credit for interest rates capped at 10% on credit cards. That risk isn’t worth it to banks. They just will not give credit cards to people unless they have excellent credit.
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you might be right brother. Idk how it’s going to work but credit card companies have outrageous, unfair rates and fees and they need to be reigned in a little.
 
So I’m pretty sure I was sitting next to Steve Bannon at the Cancun airport earlier today. He was reading a Lee Child book called “Killing Floor” which is part of the Jack Reacher series
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I gotta say this...

What's happening is PA is legitimately concerning. In essence, the Dems (Casey) are trying to steal a seat from the GOP (McCormick) that's already been called by multiple outlets because it's mathematically impossible for Casey to carch up based on the number of remaining legal ballots outstanding.

Yet, a Bucks County Commissioner (Bucks County is one county where there are still a significant number of ballots outstanding) has gone on record to more or less admit they are willing to violate the ruling of PA's Supreme Court and count remaining provisional ballots already deemed illegal. They're doing so hoping any legal reprecussions will be delayed long enough to put Casey in the lead (once the ballots are "counted," they can't be "uncounted").

Meanwhile, the GOP has filed 4 lawsuits against this (so far) and of course the governor of PA could put a hard stop to this at any time, but we know why they won't.

The fate of this particular seat could be especially problematic for the GOP, because if the Dems somehow manage to reduce their Senate majority lead back down to 52, it will effectively mean RINOs Susan Collins and Lisa Murkowski become kingmakers (or rather queenmakers) in the legislature, making it that much harder for Trump to achieve his agenda.

McCormick's lead had already narrowed to just 20K yesterday after more ballot drops out of Bucks County.
 
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All of those low propensity who came out in droves to vote for Trump but left their down ballot blank are now proving to be an issue with all of these Senate/House races being lost or won with extremely tight margins.
 
Broken024 said:
In the end it’s not much different than capping prices on goods. Government kills the market and creates shortages. In this case it would be credit.

Maybe I’m wrong. But it wouldn’t work as great as it sounds.
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Interest rate caps on credit cards will far less acutely impact businesses / consumers than price controls directly on food or gas.

But to your point, there would still be some negative side effects, namely lenders becoming much more strict with their standards which could potentially hurt low-income borrowers.
 
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