Bernie Sanders Doesn’t Understand Things: Economics (Part 2)

Oh really, Bernard? How do you figure that it’s “grossly unfair” that people are able to pay for their car loans at a cheaper rate than an overpriced student loan? How do you figure that it’s “grossly unfair” that a bank charges more for a loan that it is unable to collateralize as opposed to an easily secured loan?

Get a load of this fucking novel idea: 

 

Oh really, Bernard? How do you figure that it’s “grossly unfair” that people are able to pay for their car loans at a cheaper rate than an overpriced student loan? How do you figure that it’s “grossly unfair” that a bank charges more for a loan that it is unable to collateralize as opposed to an easily secured loan?

You see, everyone and their mother wants to blame the “big banks” for everything involving the 2008 American financial crisis. In reality, the U.S. government’s previous legislation and decision-making following the emergence of financial instability played just as large a role in the crisis as the banks did… if not more. Speaking of the government, BernBern, why hasn’t the government done anything to curtail the exponentially skyrocketing college tuition rates yet? I mean, you’ve only been in federal government for 3 decades now. You would think that you and The Hilldabeast (with her +3 decades of pure emptiness) would have raised this issue at one point prior to the election cycle?

 

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Not only are you pandering to a population sect that you and your government peers allowed private institutions to take advantage of for years, but you’re also criticizing banks for cautious and safe business decisions. I thought banks were too big to fail? Well, if that’s the case, it means banks need to charge more for loans that they cannot ultimately collateralize and secure. It means banks need to make safer decisions that prevent a systematic collapse in the economy. I’m so sorry that banks are charging the same interest rates that a schoolboy running a lemonade stand would think of himself.

 

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The Brooklyn Brawler’s tweet above perfectly exemplification of how little Sanders understands knows about basic economic concepts. For those unaware, student loans are relatively expensive compared to auto loans and mortgages because a bank cannot collateralize a fucking person’s mind. A bank cannot ensure repayment for a loan by seizing the brain of a god damn college kid, as it can with a home mortgage (foreclosure, anyone). Similarly, a bank can seize a vehicle as a means of financial recuperation if a borrower does not pay what it owes. What are Bernie and Hillary going to bring back in order to lower student loan interest rates? Indentured servitude!? 

Don’t get me wrong…. college tuition rates are not only absurd, but also morally criminal. It’s a shame that a majority of Americans are getting duped into spending shitloads of money they don’t have for college degrees that won’t give them a significant edge compared to others in terms of career-paths. However, that doesn’t mean I cannot call out the government for having stood idle for decades. That also means that I can call out absolute fucking malarkey like somehow insinuating that it’s a financial institution’s fault that Americans pay more for student loans than auto loans. Considering Democrats already want to control the private sector entirely, you’d think they would have done something right now. No, that would make too much sense. Instead, the government likes to blame the “Big Bad Wolf”.

CUT THE MALARKEY RONDELL.

 


<p><a href=”https://vimeo.com/61499874″>Racial Draft – Natural Selection of the Millenia</a> from <a href=”https://vimeo.com/user12474455″>Kato</a&gt; on <a href=”https://vimeo.com”>Vimeo</a&gt;.</p>

 

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