Late fees. 32 dollar industry average prior to the cap. Down to 8 dollars. Which is relatively reasonable?
But I get what you’re saying, it is a veritable drop in the bucket compared to interest rates charged. But those are different things. And with the limitations imposed with a Republican led House, an essentially tied Senate well below the threshold to overrule a filibuster, capping interest rates federally is nigh impossible.
Additionally, max interest rates are set at the state level. So if you don’t like your interest rate, THAT’S NOT THE PRESIDENT, vote in state and local elections! And for federal banks? That shit is controlled by an independent bureau within the Treasury department. And they are appointed every 5 years. And the current guy is already trying to make shit more fair but they really only enforce the laws that exist from Congress. But if Trump wins, I bet you will find a grifter is his place if you check project 2025.
Actually, on that note, I check the 920 page manifesto of project 2025, on page 705 it states the following.
Merging Functions. The new Administration should establish a more stream-lined bank and supervision by supporting legislation to merge the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Federal Reserve’s non-monetary
supervisory and regulatory functions. U.S. banking law remains stuck in the 1930s regarding which functions finan-cial companies should perform. It was never a good idea either to restrict banks to taking deposits and making loans or to prevent investment banks from taking deposits. Doing so makes markets less stable. All financial intermediaries function by pooling the financial resources of those who want to save and funneling them
to others that are willing and able to pay for additional funds. This underlying principle should guide U.S. financial laws.
Policymakers should create new charters for financial firms that eliminate activity restrictions and reduce regulations in return for straightforward higher equity or risk-retention standards. Ultimately, these charters would replace government regulation with competition and market discipline, thereby lowering the risk of future financial crises and improving the ability of individuals to create wealth.
The above basically outlines how they want to fold all these bureaus together and allow deposit banks and investment banks to be one in the same. Sounds good on paper, until you remember that’s like half the cause of the great depression. And when you have fewer eyes on more problems, even with the best intentions, which I doubt they have, shit hits the fan and hard. So yea. I think Biden has generally better policy there.
Vote for the most progressive candidate you have available to you. Knock doors. Motivate as many as you can.
If you don’t like who got to be the candidate? Well, you should have gotten out the vote for the one you liked when the primaries happen.
But oops, we have this whole incumbent thing! And typically a sitting president will go unchallenged by his own party. Only Crystal Grifter Marianne Williamson and some dude named Doug that no one was interested in voting for were running against Biden.
I’m not saying it’s absolutely perfect, but you really can only play the cards as they are dealt.
I am genuinely worried about Trump, but I think appealing to facts and figures and obscure laws or small “hard to see how it helps me” accomplishments isn’t the way to get Biden back in office.
Agreed. One should tout their record, but it should be tempered against 2 other things. What you want to do next, and how your opponent would approach the same.
Politics shouldn’t really be “Look what I did for you” but rather, "Look at what we accomplished together! Let’s fucking go do some more good shit.
But here’s a non comprehensive list of some good shit he’s done.
Domestic Policy
American Rescue Plan: Signed into law to address the COVID-19 pandemic, providing financial relief, funding for vaccination campaigns, and support for schools to reopen safely.
Bipartisan Infrastructure Law: Secured funding for rebuilding roads and bridges, improving public transit, cleaning up pollution, and expanding high-speed internet access nationwide.
Inflation Reduction Act: Focused on lowering costs for families, reducing prescription drug prices, and making significant investments in clean energy and American manufacturing.
CHIPS and Science Act: Promoted domestic manufacturing and technological advancements, resulting in significant investments in American manufacturing jobs.
Executive Orders on Reproductive Rights: Protected access to abortion and contraception and safeguarded patient privacy following the Supreme Court’s overturning of Roe v. Wade.
Student Debt Relief: Provided up to $20,000 in debt relief for Pell Grant recipients and up to $10,000 for other borrowers, benefiting millions of Americans.
Criminal Justice Reform: Banned chokeholds and no-knock warrants, implemented policies to reduce the use of deadly force, and promoted accountable policing practices.
Healthcare Expansion: Strengthened the Affordable Care Act, leading to significant savings on health insurance and expanded coverage options for Americans.
Marijuana Policy Reform: Pardoned federal offenses for simple marijuana possession and initiated a review of marijuana’s federal scheduling.
Economic and Social Policy
Bipartisan Safer Communities Act: Passed significant gun violence prevention legislation, expanding background checks and supporting mental health services.
Racial Equity and Justice: Advanced policies to close the racial wealth gap, invest in underserved communities, and reform criminal justice practices.
Veterans’ Benefits: Signed the PACT Act, the largest expansion of veterans’ benefits in decades, particularly for those exposed to toxic substances.
Marriage Equality: Signed the Respect for Marriage Act, protecting marriage rights for same-sex and interracial couples.
Foreign Policy and National Security
Strengthened NATO and Alliances: Enhanced NATO’s capabilities, supported the accession of Sweden and Finland, and coordinated international responses to global challenges.
Support for Ukraine: Provided extensive support to Ukraine following Russia’s invasion, including military aid and diplomatic backing.
Counterterrorism: Successfully targeted leaders of ISIS and Al Qaeda without major ground operations.
Environmental Policy
Climate Action: Rejoined the Paris Climate Accords and enacted the most aggressive climate agenda in U.S. history, including substantial investments in clean energy.International Environmental Leadership: Mobilized international climate finance and pledged substantial contributions to global climate funds.
Public Health and Safety
Opioid Crisis Response: Approved new overdose reversal agents, expanded naloxone availability, and promoted harm reduction strategies.
Behavioral Health Crisis Response: Invested in crisis response teams and mental health services to reduce burdens on law enforcement and improve public safety outcomes.
Is he a perfect vessel? No. Is he better than the shit stain? Absolutely. Do I agree with Biden on every point? No. But it’s not like he’s done nothing. We were just so scarred emotionally by the daily “Wake up and see how Donald Trump made life worse” that we are still in that hangover. Half of the shit on this list is because Donald Trump explicitly broke something in government.
Interest is not a fee technically
Hence the question in the comment you’re replying to: “What fees are we talking about?”
Choose not to answer that, did you? Figures. Because I’ll bet it’s a fucking DROP IN THE BUCKET to what those bastards charge regularly.
Late fees. 32 dollar industry average prior to the cap. Down to 8 dollars. Which is relatively reasonable?
But I get what you’re saying, it is a veritable drop in the bucket compared to interest rates charged. But those are different things. And with the limitations imposed with a Republican led House, an essentially tied Senate well below the threshold to overrule a filibuster, capping interest rates federally is nigh impossible.
Additionally, max interest rates are set at the state level. So if you don’t like your interest rate, THAT’S NOT THE PRESIDENT, vote in state and local elections! And for federal banks? That shit is controlled by an independent bureau within the Treasury department. And they are appointed every 5 years. And the current guy is already trying to make shit more fair but they really only enforce the laws that exist from Congress. But if Trump wins, I bet you will find a grifter is his place if you check project 2025.
Actually, on that note, I check the 920 page manifesto of project 2025, on page 705 it states the following.
The above basically outlines how they want to fold all these bureaus together and allow deposit banks and investment banks to be one in the same. Sounds good on paper, until you remember that’s like half the cause of the great depression. And when you have fewer eyes on more problems, even with the best intentions, which I doubt they have, shit hits the fan and hard. So yea. I think Biden has generally better policy there.
Vote for the most progressive candidate you have available to you. Knock doors. Motivate as many as you can.
If you don’t like who got to be the candidate? Well, you should have gotten out the vote for the one you liked when the primaries happen.
But oops, we have this whole incumbent thing! And typically a sitting president will go unchallenged by his own party. Only Crystal Grifter Marianne Williamson and some dude named Doug that no one was interested in voting for were running against Biden.
I’m not saying it’s absolutely perfect, but you really can only play the cards as they are dealt.
Quality fucking post.
I am genuinely worried about Trump, but I think appealing to facts and figures and obscure laws or small “hard to see how it helps me” accomplishments isn’t the way to get Biden back in office.
I’m not sure what is the way.
Agreed. One should tout their record, but it should be tempered against 2 other things. What you want to do next, and how your opponent would approach the same.
Politics shouldn’t really be “Look what I did for you” but rather, "Look at what we accomplished together! Let’s fucking go do some more good shit.
But here’s a non comprehensive list of some good shit he’s done.
Domestic Policy
American Rescue Plan: Signed into law to address the COVID-19 pandemic, providing financial relief, funding for vaccination campaigns, and support for schools to reopen safely.
Bipartisan Infrastructure Law: Secured funding for rebuilding roads and bridges, improving public transit, cleaning up pollution, and expanding high-speed internet access nationwide.
Inflation Reduction Act: Focused on lowering costs for families, reducing prescription drug prices, and making significant investments in clean energy and American manufacturing.
CHIPS and Science Act: Promoted domestic manufacturing and technological advancements, resulting in significant investments in American manufacturing jobs.
Executive Orders on Reproductive Rights: Protected access to abortion and contraception and safeguarded patient privacy following the Supreme Court’s overturning of Roe v. Wade.
Student Debt Relief: Provided up to $20,000 in debt relief for Pell Grant recipients and up to $10,000 for other borrowers, benefiting millions of Americans.
Criminal Justice Reform: Banned chokeholds and no-knock warrants, implemented policies to reduce the use of deadly force, and promoted accountable policing practices.
Healthcare Expansion: Strengthened the Affordable Care Act, leading to significant savings on health insurance and expanded coverage options for Americans.
Marijuana Policy Reform: Pardoned federal offenses for simple marijuana possession and initiated a review of marijuana’s federal scheduling.
Economic and Social Policy
Bipartisan Safer Communities Act: Passed significant gun violence prevention legislation, expanding background checks and supporting mental health services.
Racial Equity and Justice: Advanced policies to close the racial wealth gap, invest in underserved communities, and reform criminal justice practices.
Veterans’ Benefits: Signed the PACT Act, the largest expansion of veterans’ benefits in decades, particularly for those exposed to toxic substances.
Marriage Equality: Signed the Respect for Marriage Act, protecting marriage rights for same-sex and interracial couples.
Foreign Policy and National Security
Strengthened NATO and Alliances: Enhanced NATO’s capabilities, supported the accession of Sweden and Finland, and coordinated international responses to global challenges. Support for Ukraine: Provided extensive support to Ukraine following Russia’s invasion, including military aid and diplomatic backing. Counterterrorism: Successfully targeted leaders of ISIS and Al Qaeda without major ground operations.
Environmental Policy
Climate Action: Rejoined the Paris Climate Accords and enacted the most aggressive climate agenda in U.S. history, including substantial investments in clean energy.International Environmental Leadership: Mobilized international climate finance and pledged substantial contributions to global climate funds.
Public Health and Safety
Opioid Crisis Response: Approved new overdose reversal agents, expanded naloxone availability, and promoted harm reduction strategies.
Behavioral Health Crisis Response: Invested in crisis response teams and mental health services to reduce burdens on law enforcement and improve public safety outcomes.
Is he a perfect vessel? No. Is he better than the shit stain? Absolutely. Do I agree with Biden on every point? No. But it’s not like he’s done nothing. We were just so scarred emotionally by the daily “Wake up and see how Donald Trump made life worse” that we are still in that hangover. Half of the shit on this list is because Donald Trump explicitly broke something in government.
Yeah.