Democrats' latest phony inflation scapegoat: Credit cards

[SugarDaddy1]

In this administration, it’s always someone else’s fault. Inflation is now the No. 1 concern of voters, so the White House first blamed COVID. Then Trump’s tax cuts. Then Putin. Then meatpackers and the poultry industry, Big Oil, and pharmaceutical companies.

Now, Democrats have identified a new inflation scapegoat: plastic. Visa, Mastercard, American Express, and other credit cards hidden away in your wallet.

Durbin, a member of the Senate Judiciary Committee, doesn’t see it that way. Instead, he blames Visa, Mastercard, and Discovery for making food and gas more expensive. At a recent hearing, Durbin fumed: “Today, we’re going to talk about a hidden fee that fuels the fires of inflation across America every day. What they may not know is this swipe fee is contributing to the problem of inflation.”

The significant impact of Durbin’s price controls will not be to tame inflation but to restrict who can get access to credit cards. In other words, the poor will get hurt the most. Isn’t that turning out to be the case with nearly every liberal policy these days?

https://www.washingtonexaminer.com/...latest-phony-inflation-scapegoat-credit-cards

 

[anarchoMando]

Bullshit

 

[HisArpy]

So, Putin is offering high fee credit cards now?

 

[Biggs_Darklighter]

Swipe fees suck ass

 

[Sh1ne0n67]

I have no doubt that the households of your average Joe and Mary lunch-bucket are taking on debt.

Maybe those are Russian credit cards issued by Putin through the Alfa Bank...


__________________________________________
Democrat born. Democrat bred. Libertarian led (by Democrats).

 

[Sh1ne0n67]

So, Putin is offering high fee credit cards now?

Oh heck... you beat me to the obvious.

 

[HisArpy]

Oh heck... you beat me to the obvious.

You snooze, you lose...

 

[Sh1ne0n67]