AOC and Bernie Sanders Don’t Understand Math

https://www.youtube.com/watch?v=ajDfQ-hd3pQ

https://medium.com/@SenSanders/senator-bernie-sanders-and-representative-alexandria-ocasio-cortez-s-plan-to-stop-big-banks-and-1817c205587b

Senator Bernie Sanders’ and Representative Alexandria Ocasio-Cortez’s Plan to Stop Big Banks and Payday Lenders from Ripping Off Americans

By Bernie Sanders

May 9, 2019

If you get a credit card from a store like Macy’s, Kohl’s, or Lowe’s, interest rates are even higher. Stores like these are charging customers an average interest rate of more than 27 percent. And many of the stores rely on these high-interest-rate cards for more than a third of their revenue. Incredibly, Macy’s earned almost 40 percent of its revenue from these cards and Kohl’s recently made 35 percent of its total profit from high-interest-rate cards.

What this means is that if you buy a $500 refrigerator from Lowe’s or Home Depot on one of their credit cards, you will likely owe an additional $136 in interest.

June 9, 2019. Tags: , , , , , . Alexandria Ocasio-Cortez, Economics, Politics. Leave a comment.