President Donald Trump just delivered a knockout punch to the credit card industry's predatory lending schemes, announcing Friday night that interest rates will be capped at 10% for one full year starting January 20th.
"Please be informed that we will no longer let the American Public be 'ripped off' by Credit Card Companies that are charging Interest Rates of 20 to 30%," Trump declared, sending shockwaves through Wall Street's financial establishment.
This is exactly the kind of America First policy that working families have been desperately waiting for. While the swamp creatures in Washington have been getting rich off backroom deals with big banks, ordinary Americans have been drowning in credit card debt with interest rates that would make a loan shark blush.
Finally, A President Who Fights for Main Street
Think about it – credit card companies have been legally robbing American families for decades, charging interest rates of 25%, 28%, even 30% or higher. These are the same financial giants that got bailed out in 2008 while hardworking Americans lost their homes.
Trump's bold move puts these corporate vultures on notice: the days of exploiting American consumers are over. This isn't just good policy – it's economic justice.
"We will no longer let the American Public be 'ripped off' by Credit Card Companies" - President Donald Trump
The timing couldn't be more perfect. With inflation still crushing family budgets thanks to four years of Biden's disastrous economic policies, millions of Americans have been forced to rely on credit cards just to put food on the table. And what did they get for their trouble? Usurious interest rates that kept them trapped in endless cycles of debt.
Wall Street Won't Like This
You can bet the financial establishment and their allies in the corporate media will be screaming about this move. They'll claim it's "government overreach" or "bad for the economy." But here's the truth they don't want you to know: capping predatory interest rates will put more money back in the pockets of working Americans, not less.
When families aren't getting robbed by 30% interest rates, they have more money to spend on groceries, gas, and goods made right here in America. That's real economic stimulus – not the phony government spending sprees Democrats love.
Once again, Trump proves he's the only president willing to take on the special interests and fight for the forgotten men and women of America. How much money could this save your family?