The financial establishment is in full meltdown mode over President Trump's bold proposal to cap credit card interest rates at 10%, proving once again that our America First leader stands with working families against Wall Street predators.
While the Washington Examiner tries to paint credit card companies as innocent victims, the reality is these corporate giants have been gouging American families for decades with interest rates that would make loan sharks blush. Some cards charge upwards of 30% interest – highway robbery that keeps hardworking Americans trapped in debt cycles.
Trump's campaign promise to implement this consumer protection measure has sent shockwaves through the banking cartel, with industry lobbyists frantically claiming it would "limit access to credit." What they really mean is it would limit their ability to extract maximum profit from struggling families.
The Real Impact on Main Street America
Let's cut through the Wall Street spin here, Patriots. When banks claim a rate cap would hurt consumers, they're using the same tired playbook they've deployed against every pro-consumer reform. The truth? A 10% cap would save American families billions in interest payments annually.
"This is about protecting working Americans from predatory lending practices that have enriched Wall Street while bankrupting Main Street," a Trump administration source told reporters.
The banking lobby's hysteria reveals their true priorities – protecting obscene profit margins over American families. These same institutions got taxpayer bailouts during financial crises but show zero loyalty to the people who saved them.
President Trump understands what the establishment refuses to acknowledge: when families aren't drowning in credit card debt, they have more money to spend on goods and services, boosting the real economy instead of just bank balance sheets.
This fight exposes the classic battle between America First populism and corporate cronyism. While Trump fights for everyday Americans, the financial elites and their media allies work overtime to maintain their stranglehold on working families.
Will Republicans in Congress stand with President Trump and American families, or will they cave to Wall Street pressure? The answer will show voters exactly who their representatives really serve.