Every time Bernie Sanders opens his mouth to talk economics it becomes more apparent that he has no idea what he’s talking about.
On Thursday, Sanders tweeted his take on the interest rates on student loans.
It makes no sense, Sanders said, that student loans, which are held with no collateral and generally given to people with no credit history, have higher interest rates than car loans and mortgages which are secured by the property for which the loan is issued.
It makes no sense that students and their parents pay higher interest rates for college than they pay for car loans or housing mortgages.
— Bernie Sanders (@BernieSanders) October 15, 2015
Bernie you are in over your head. Social media skewered the socialist.
@BernieSanders nothing makes sense when you pander to a group for votes instead of doing some critical thinking, nimrod.
— Vegas Rich (@rich_forbus) October 16, 2015
.@BernieSanders Cars & houses can be repossessed. You can’t repossess a diploma. It’s called an unsecured loan. #Econ101
— Mike aka Proof (@ProofBlog) October 15, 2015
@BernieSanders please go learn about basic economics.
— M (@MJGWBuffalo) October 15, 2015
@BernieSanders It makes no sense that a loan WITHOUT collateral is at a higher rate? So you don’t even understand basic economics… Ok.
— Bert Difig (@BertDifig1) October 15, 2015
@berniesanders It makes no sense for socialist ideologists. It does make sense in the free market. But you have to understand markets. 🙁
— Craig Kohtz (@kohtz) October 15, 2015
@BernieSanders Actually, given the default rates on student loans vs. car and home loans, it makes perfect sense. #itscalledeconomics
— Mark Youngkin (@mayoungkin) October 15, 2015
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