Sen. Sanders looking forward to Trump ‘fulfilling his promise’ on credit card interest rates
Senator Bernie Sanders, an independent from Vermont, recently expressed his eagerness to collaborate with the Trump Administration in hopes that President-elect Donald Trump will follow through on his promise to implement a cap on interest rates. Sanders emphasized the importance of this initiative, stating that it is crucial to prevent big banks from profiting at the expense of Americans by charging exorbitant interest rates of 25 to 30%, which he referred to as usury.
In a post on X, Sanders wrote, “I look forward to working with the Trump Administration on fulfilling his promise to cap credit card interest rates at 10%.” His statement received positive feedback from various X users, with many commending him for focusing on the potential benefits of the incoming administration rather than resorting to fear-mongering tactics.
Following the 2024 presidential election, where Trump secured victory, Sanders criticized the Democratic Party for neglecting the working class, attributing their loss to this abandonment. He highlighted the disconnect between the party leadership and the American people, particularly those experiencing economic hardship and political alienation. Sanders questioned whether the Democratic Party would learn from their mistakes and address the growing influence of the oligarchy in the country.
Despite the Republican Party securing a majority in the Senate, Sanders, who has been serving in the Senate since 2007, won another six-year term. He has been vocal in his criticism of Vice President Kamala Harris, characterizing her campaign as “disastrous” and accusing her of compromising on progressive policies in order to appeal to a broader audience.
Sanders also raised concerns about the stagnation of real wages for the average American worker compared to 50 years ago, despite advancements in technology and productivity. He highlighted the challenges faced by young people today, who are likely to have a lower standard of living than their parents.
In response to Sanders’ comments, former House Speaker Nancy Pelosi, a Democrat from California, defended the party’s commitment to working-class families. Pelosi emphasized that the Democratic Party continues to prioritize the needs of working-class Americans, challenging Sanders’ assertion that they have abandoned this demographic.
Overall, Sanders’ willingness to collaborate with the Trump Administration on interest rate caps and his critique of the Democratic Party’s approach to the working class underscore the ongoing debates within the political landscape. As the country grapples with economic challenges and political divisions, the actions and statements of prominent figures like Sanders and Pelosi play a crucial role in shaping the national dialogue.
