'High interest rates exploit the weak. Credit card debt destroys people –– not just chronically irresponsible people, but good people, decent people. Probably some people you know. Maybe a lot of people you know. What the banks are doing is disgusting and it’s wrong,' Carlson said.
Fox News host Tucker Carlson offered rare praise for a pair of Democrats on his show Friday, saying a bill introduced by Rep. Alexandria Ocasio-Cortez and Sen. Bernie Sanders was the right move to protect people from big banks.
On Friday, Carlson called the movie"indisputably right," though he lamented that Republicans had not tackled the issue before now and left it to"a couple of childish socialists.""No doubt many Republicans in Congress will oppose this bill, if only because of who sponsored it. Bernie Sanders and Ocasio-Cortez are obviously demagogues. They don’t mean half of what they say, the other half they don’t really understand. They’re not impressive.
A USA Today report, which cites financial analyst Ted Rossman, indicates that 40 percent of Americans can, and do, pay off the monthly balance on their credit cards, while 60 percent do not have the income to eliminate a high balance each month. Rossman said the average American has a balance of $6,354 on their credit cards.
"Predatory lending and our credit rating system targets lower income Americans and people who are living paycheck to paycheck with manipulative practices and hidden fees — trapping millions in a cycle of systemic poverty as their hard-earned money is funneled into exorbitant bonuses for Wall Street executives.""There's no reason that capping interest rates ought to be a left-wing issue," Carlson said in his monologue."Most normal people agree with it, overwhelmingly.
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