Liberal Forum

Banking, credit card fees, car prices, airline tickets to go up(The Center Square) – The economy and 40-year-high inflationary costs remain a top issue among voters and are expected to be a central topic at Tuesday night’s presidential debate between Vice President Kamala Harris and former President Donald Trump. While the Biden-Harris administration has blamed businesses for increased prices, several administration policies will increase consumer costs even more, the U.S. Chamber of Commerce says.Well before Harris announced her plan to implement price controls, the Biden-Harris administration proposed policies, that if fully implemented, will increase vehicle, credit card and airline ticket costs and restrict consumer discounts, the chamber argues.When it comes to increasing vehicle costs, the Biden-Harris Federal Trade Commission issued a “Combating Auto Retail Scams Trade Regulation” Rule to regulate consumers’ ability to compare prices and shop online. The rule, which the FTC claims will save consumers time and money, imposes regulations that could cost consumers $38 billion over 10 years, impose $51,000 in annual costs on dealers, among other concerns, the Center For Automotive Research argues.This is after auto loan delinquencies reached a near 30-year high last November, The Center Square reported. High interest rates are driving up monthly payments for used and new vehicles, making them unaffordable for many Americans, according to several reports. That’s on top of car insurance rates surging 26% in one year under the administration, which are expected to remain elevated through next year.When it comes to increasing credit card costs, the Biden-Harris Consumer Financial Protection Bureau issued a regulation to cap late fees, which it acknowledged in the Federal Register may cause costs to go up. “Cardholders who never pay late will not benefit from the reduction in late fees and could pay more for their account if maintenance fees in their market segment rise in response - or if interest rates increase in response and these on-time cardholders carry a balance,” it says. 

*Vegas » 10 Sep 2024, 2:29 pm » wrote: ↑

10 Sep 2024, 2:29 pm

It will be quite easy to predict what @Blackvegetable  (and his alter ego @JohnEdgarSlowHorses  @maineman  will say.

BV: He will copy/paste something that he 'cherry picked' that is irrelevant to this OP, then call me a "**** idiot."
MM: He will deflect to Trump
JESH:     

In short, it is predicted that if Kamaltoe wins, the average American will have next to nothing spending money, which will lead to a serious recession. 

https://www.msn.com/en-us/money/markets ... deb58&ei=9

Blackvegetable » 10 Sep 2024, 2:38 pm » wrote: ↑

10 Sep 2024, 2:38 pm

That you're an idiot has been repeatedly demonstrated.

This is no exception.

The US Chamber of Commerce is a tool of a small number of US business interests. You might as well take your analysis from Heritage.

Of course, being a Level 0.27, you can be made to believe anything.

The Harris administration might make auto markets more transparent?

OH, THE HUMANITY!

*Vegas » 10 Sep 2024, 2:39 pm » wrote: ↑

10 Sep 2024, 2:39 pm

So you got nothing. As always. 

Now go cherry pick some data so I can bust you again.

*Vegas » 10 Sep 2024, 2:29 pm » wrote: ↑

10 Sep 2024, 2:29 pm

It will be quite easy to predict what @Blackvegetable  (and his alter ego @JohnEdgarSlowHorses  @maineman  will say.

BV: He will copy/paste something that he 'cherry picked' that is irrelevant to this OP, then call me a "**** idiot."
MM: He will deflect to Trump
JESH:     

In short, it is predicted that if Kamaltoe wins, the average American will have next to nothing spending money, which will lead to a serious recession. 

https://www.msn.com/en-us/money/markets ... deb58&ei=9

JohnEdgarSlowHorses » 10 Sep 2024, 2:55 pm » wrote: ↑

10 Sep 2024, 2:55 pm

Proof
viewtopic.php?f=3&t=90443

Blackvegetable » 10 Sep 2024, 2:43 pm » wrote: ↑

10 Sep 2024, 2:43 pm

You've NEVER "busted" me, witless innumerate coward.

Auto markets are notoriously opaque....Buying a car is probably among the most miserable consumer experiences extant. Dealers want you to be as uninformed as possible, so the scum that loiter around car lots can squeeze the maximum out of the most vulnerable.

*Vegas » 10 Sep 2024, 3:09 pm » wrote: ↑

10 Sep 2024, 3:09 pm

Didn't click it. I will not entertain your stalking.

*Vegas » 10 Sep 2024, 2:39 pm » wrote: ↑

10 Sep 2024, 2:39 pm

So you got nothing. As always. 

Now go cherry pick some data so I can bust you again.

• Kamala Harris’s economic plan includes revising the tax code, lowering the cost of living, and addressing income inequality.
• Harris's economic plan aims to support middle—and working-class families, focus on job creation, and increase economic growth overall.
• The presidential candidate originally faced criticism for a lack of clarity around her specific plans.

JohnEdgarSlowHorses » 10 Sep 2024, 6:58 pm » wrote: ↑

10 Sep 2024, 6:58 pm

We are not going BACKWARDS.

• Kamala Harris’s economic plan includes revising the tax code, lowering the cost of living, and addressing income inequality.
• Harris's economic plan aims to support middle—and working-class families, focus on job creation, and increase economic growth overall.
• The presidential candidate originally faced criticism for a lack of clarity around her specific plans.

The Bottom LineAmid the 2024 presidential campaign, Harris's positions include lowering the cost of living with proposals like a ban on price gouging at the grocery store and removal of tax benefits for investors renting many single-family homes. The candidate also plans to provide $25,000 in downpayment support for first-time homeowners and work to increase the housing supply. She's proposed ending taxes on tips, and furthering her accomplishments as vice president by lowering the cost for prescription drugs and the burden of medical debt and expanding the Child Tax Credit.

https://www.investopedia.com/kamala-har ... an-8700945