Via Robert Gehl:
Like a lightning strike, I thought something this stupid only happened once.
But Bernie Sanders is an exception. The stupid is so strong, it just may happen over and overagain.
Back in October, Sanders posted an incredibly ignorant tweet complaining that interest rates were higher for student loans than home mortgages.
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
I wrote about it then and how oblivious Sanders seemed to be on economics. College student loans are backed with no collateral, college students have no income and, unlike a house, you can’t repossess a college degree if the loan goes into default.
It’s not complicated, really. It’s so easy even Bernie Sanders supporters can understand it.
And some actually did:
@BernieSanders I support you, but the difference is students have no income or collateral. Banks would deny loans to anyone like that.
— Loren Finkelstein (@Lorskyfink) October 15, 2015
But the reaction from the “Twitterverse” was wicked from his critics:
@BernieSanders What collateral do you propose for the college loan? None? Hence, higher interest. Your lack of knowledge is terrifying.
— David Wells (@DwellsRugby) October 15, 2015
— Mike aka Proof (@ProofBlog) October 15, 2015
— bmcnett (@bmcnett) October 15, 2015
So with that argument settled, what does Bernie do? Why, he goes out and says the same stupid thing again:
You have families out there paying 6, 8, 10 percent on student debt but you can refinance your homes at 3 percent. What sense is that?
— Bernie Sanders (@SenSanders) December 26, 2015
And again the Twitterverse erputed:
— Bill Sanderson (@BanCollectivism) December 26, 2015
@SenSanders you can't be this clueless can you?
— Steven (@ArlingtonSteve) December 26, 2015
— TANSTAAFL (@TANSTAAFL23) December 26, 2015
— Aaron FitzPatrick (@CN_AaronF) December 27, 2015
I agree with the last post … I don’t think Sanders is that dumb. I think he is counting on ignorant and uninformed millennials and leftists who really don’t understand basic economics to whoop and wail over this perceived injustice.
What’s even more telling, perhaps, is that after two months, Sanders has run out of ideas. He’s back to recycling the same old socialist talking points. He just picks up the needle on the record and starts at the beginning.