This take from Bernie Sanders is so hot, we’re amazed he didn’t catch on fire:
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
Bernie, Bernie, Bernie … do you even economics, bro?
@berniesanders It makes no sense for socialist ideologists. It does make sense in the free market. But you have to understand markets. 🙁
— Craig Kohtz (@kohtz) October 15, 2015
.@BernieSanders It makes no sense to someone like you who doesn't understand finance.
— GMS (@sasso333) October 15, 2015
@BernieSanders It makes no sense that a loan WITHOUT collateral is at a higher rate? So you don't even understand basic economics… Ok.
— Bert Difig (@BertDifig1) October 15, 2015
@BernieSanders Actually, given the default rates on student loans vs. car and home loans, it makes perfect sense. #itscalledeconomics
— Prof. Mark Youngkin (@mayoungkin) October 15, 2015
https://twitter.com/MJGWBuffalo/status/654746410722586625
https://twitter.com/NathanWurtzel/status/654762103450931201
That’s OK. These tweeters are willing to school him for free:
https://twitter.com/JGreenDC/status/654764604053061634
Actually, it does. Cars and houses represent collateral. https://t.co/ECn3vyzYyh
— Charles C. W. Cooke (@charlescwcooke) October 15, 2015
@BernieSanders really? Do you know what the word collateral means?
— Kevin Morgan (@Knamorgan55) October 15, 2015
https://twitter.com/MatthewDaSnell/status/654752635241664513
https://twitter.com/JoeQuizza/status/654746156308688896
https://twitter.com/PHenryMartin/status/654747062332866560
https://twitter.com/DwellsRugby/status/654769643312123904
https://twitter.com/kelley4_dave/status/654765780693725184
I'm here to repossess your education
[hits you on head w/ bat]
dammit… this education has no resale value at all! https://t.co/NkemJyNZcX— PoliMath (@politicalmath) October 15, 2015
@BernieSanders because no college student ever has wasted that money and not finished or got a degree in something with zero market value
— Andrews Dad (@Andrew_Dad) October 15, 2015
@BernieSanders How do you repossess someone's education? Of course interest rates are higher. There's more risk involved. Learn economics.
— Dan Burr (@DDB66) October 15, 2015
https://twitter.com/TheeKentBailey/status/654752131392540673
https://twitter.com/DustinWMeeks/status/654744960630001664
@BernieSanders @kennhoekstra car and home loans have what is called "collateral" – namely, the car and the house. can't repossess a brain.
— bmcnett (@bmcnett) October 15, 2015
And as Bernie has so clearly demonstrated, some people can’t even possess one to begin with.
@BernieSanders It makes no sense that somebody who doesn't understand how interest rates work is running for president
— Steven Eells (@StevenEells) October 15, 2015
@charlescwcooke Again, I have to ask. How does someone reach the age of 74 without learning a GD thing about how life works?
— Azathoth (@ArkhamRealty) October 15, 2015
We’re not sure, but Bernie’s made it look easy.
https://twitter.com/JamesFenimoreLI/status/654759330143563776
https://twitter.com/JoeFL65/status/654766254406799360
@BernieSanders It makes no sense that someone who doesn't understand loss rates and collateral is running for president.
— Jeff Weiner (@jeffweiner27) October 15, 2015
https://twitter.com/Matthops82/status/654765164240044036
@BernieSanders If you're an imbecile it makes no sense. The rest of us get it.
— Cooper's mom (@rwgranny) October 15, 2015
@BernieSanders Please go away quickly and quietly. Your lack of understanding is doing far more harm than good.
— Santa's Tavern (@SantasTavern) October 15, 2015
Eh … maybe we should just leave him to wallow in his own pit of stupidity.
@charlescwcooke "Forget it. He's rolling." – Animal House
— Lee C.J. Sobotka (@LCJS) October 15, 2015
Join the conversation as a VIP Member