29% Interest

In the 1990s credit card companies came up with an extremely efficient way to transfer money from the poor to the rich.  29% interest on credit card debit.

Elizabeth Warren thought this was just plain wrong.  She tried to get Congress to stop it.  She lost.  Congress thought it was just fine.

This was during the Clinton years.

My point again, there is plenty to be angry about in the way Washington DC has been running for decades, with any combination of Democrat or Republican President or Congress.

Bush making it illegal for us to buy cheaper drugs from Canada.  Another good way to transfer money from the middle class to the rich. Pharmaceuticals had poured more money into politics in those years than even the oil companies.

It doesn’t matter which major party is in charge.  It’s the money behind the politicians that matters.

If we’d had a Sanders or Johnson win, they would have been beholden to tens of thousands of people making small donations.  They would have been beholden to us.

If Clinton won, she’d be beholden to that dark money that’s behind our politics.

And if Trump won, well he did, at least we know who he’s beholden to.  Himself.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Verified by MonsterInsights