Fox News Host Tucker Carlson says socialist democrats Senator Bernie Sanders and Representative Alexandria Ocasio-Cortez are ‘indisputably right’ on the Loan Shark Prevention Act.
Fox News host Tucker Carlson on Friday night issued rare praise for Sen. Bernie Sanders (I-Vt.) and Rep. Alexandria Ocasio-Cortez (D-N.Y.), saying the progressive lawmakers were "absolutely, indisputably right" to tackle the payday loan industry.
Carlson, a frequent critic of both lawmakers, momentarily praised Sanders and Ocasio-Cortez on the Loan Shark Prevention Act, which proposes new restraints on predatory lenders.
"No doubt many Republicans in Congress will oppose this bill, if only because of who sponsored it. Bernie Sanders and Ocasio-Cortez are obviously demagogues," Carlson said of the 2020 presidential candidate and first-term congresswoman.
"They don't mean half of what they say. The other half they don't really understand. They're not impressive. But on this one issue, they are absolutely, indisputably right."
Ocasio-Cortez and Sanders on Thursday unveiled the measure, which would cap credit card interest rates at 15 percent, a notable reduction from current levels.
Carlson noted that the act would dramatically help a significant number of people since the median interest rate on credit cards is 21.36 percent. According to CreditCards.com, the median interest rate a decade ago was 12.62 percent.
"Banks, meanwhile, can borrow money from the Federal Reserve at 3 percent interest," Carlson said. "Do the math. It's a very good business."
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